The City of Elk Grove is transforming right before our eyes. Here's a outline of plans that are in the works.
Sky River Casino
Initial Development: Construction will begin with a parking garage.
Future Plans: Plans include a hotel, conference center, and additional property acquisitions around the casino, totaling 30 acres. There is also an option to acquire over 70 acres.
Entertainment and Recreation: The site will feature a music center, water park, and is strategically located near the future zoo, which has all its approvals and is currently fundraising.
Ownership: The landowners are also the owners of Delta Shores.
Vision: The mayor envisions the Elk Grove Zoo as a major destination spot.
Project Elevate (Elk Grove)
Ownership: City of Elk Grove
Vision: The project aims to replicate the vibrant, urban feel of Midtown Sacramento in Elk Grove.
Developer: A developer from Southern California has been onboarded.
Construction Timeline: Groundbreaking is scheduled for 2025.
Elk Grove Housing Market
- Properties in the area are selling over the median home price of Sacramento $500,000, including bare land. However, there are currently three residential properties in the following three Elk Grove zip codes (95624, 95757 and 95758) that are selling under $500,000. I'll share those properties: 9549 Colton Ave, Elk Grove, CA 95624, 9613 Melrose Ave, Elk Grove, CA 95624, 6484 Laguna Mirage Ln, Elk Grove, CA 95758
- Many development plans have been kept under wraps, but investigative reporting by the Sacramento Journal has brought them to light.
Conclusion
The city of Elk Grove is poised for significant growth and development. From large-scale residential projects and research hubs to entertainment centers and infrastructure improvements, these developments promise to transform the area, enhancing livability and economic vitality. Keep an eye on these projects as they progress, shaping the future of the City.
With Appreciation,
Tavon Willis
DRE:02095751
No comments:
Post a Comment