The $180-million Northstar Village plan, which has been proposed by Colorado-based East West Partners, includes approximately 200 housing units, 122,000-sf of commercial/retail space, 300 parking spaces, a spa and conference area.
The proposed Northstar expansion is expected to generate $7.1 million in annual revenues, while requiring $1.9 million in county expenditures to deliver necessary services, resulting in an annual positive contribution to the county of $5.2 million.
Consultants hired by Placer County are nearly finished with the Draft Environmental Impact Report, which will provide East West and the county with environmental information, including which areas to avoid and ways to mitigate impacts to the environment.
Following completion of the DEIR, the county will hold public hearings before the project is given the green light.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
