SAN RAFAEL, CA – LRE & Firms, an actual property improvement, asset supervisor, development, and resort administration firm, has revealed the plans for College Sq., a 10-acre mixed-use improvement undertaking on the intersection of Sundown Boulevard and College Avenue in Rocklin, CA. With retail and hospitality parts, College Sq. is the developer’s first undertaking within the metropolis however second in Placer County. The undertaking is slated to be accomplished by year-end 2025.
College Sq. is one other instance of us following by means of with our method of creating at dynamic intersections in rising markets we’ve recognized over time as a developer on the West Coast. We’re proud to be part of Rocklin’s ongoing improvement and dedicated to driving progress and progress locally with this mixed-used improvement, providing a spread of retail and hospitality choices for residents and vacationers. Akki Patel, CEO of LRE & Firms
College Sq. can have greater than 20,000 sq. ft of retail house and 5,000 sq. ft of house for fast service restaurant (QSRs) with drive-thrus; a 123-room Hilton Backyard Inn; a ten,000 square-foot daycare heart; a 3,700-square-foot comfort retailer; and a automobile wash. The positioning is adjoining to Estia Rocklin, a build-to-rent townhome neighborhood with 181 items, and throughout the road from William Jessup College, a non-public Christian college with greater than 3,000 college students.
The undertaking is simply east of the 8,497-acre Sundown Space improvement. The Sundown Space plan is centered round a brand new California State College, Sacramento and Sierra Faculty campus.
This a part of Rocklin is seeing large progress. By prioritizing sensible progress and accountable improvement practices, we will create one thing particular that may stand the check of time. We’re honored to be concerned in shaping the way forward for the Rocklin neighborhood. Victor Chiang, VP of improvement at LRE & Firms
Rocklin is residence to Quarry Park, the town’s downtown neighborhood gathering house, providing mountaineering, paddle boats, and ziplining; greater than 380 acres of open house, strolling trails, and parks; and two greater training establishments: Sierra Faculty and William Jessup College. The town additionally has panoramic views of the Sierra Nevada and Sutter-Butte mountain ranges. Rocklin is inside a 20-minute drive of Folsom Lake, a 30-minute drive of downtown and Previous Sacramento, and fewer than a two-hour drive from Lake Tahoe, the Pacific Ocean, and San Francisco.
Many of the space’s main employers, together with Oracle, UNFI, Ok-LOVE, and Thunder Valley On line casino, are inside a two-mile radius of the undertaking.
The undertaking is lower than seven miles from one other one in all LRE & Firms’ business improvement initiatives. Introduced in November 2022, Roseville Junction, a brand new mixed-use improvement undertaking in Roseville, CA, can have two select-service inns, three eating places, an outside gathering house, and an leisure and sports activities complicated as soon as accomplished.
About LRE & Firms
The LRE & Co. is a household group in actual property improvement, development, and meals and beverage companies since 1999. It has been current in main markets all through northern California and northwest Nevada. It’s an ever-growing group consisting of a bunch of various and dynamic individuals who try for excellence. LRE & Co. & associates’ meals and beverage arm comprise franchise eating places and grasp improvement agreements for nationwide franchises. The business actual property arm includes investments in business land house and partnerships with main quick informal/QSR manufacturers, Marriott, Hilton & Hyatt teams of inns. LRE & Co. has a various portfolio of workplace buildings, retail properties, multi-family holdings in addition to hospitality. Over the past 15 years, LRE & Co. has leveraged its expertise in the true property house, resulting in the inception of the true property Funding and improvement arm of the corporate. A number of initiatives are underway or accomplished in a really quick span attributable to prior data of the business house, together with AC by Marriott in Sacramento downtown, Courtyard by Marriott in Woodland, H2 Suites by Hilton & multi-family improvement in Sacramento.
