Roseville firm acquires 945 entitled acres near Tahoe
August 21st, 2018
Homebuilding firm Taylor Builders LLC has acquired the 945-acre holdings of Mountainside Partners, including six separate development projects.
Roseville-based Taylor Builders acquired the property near the Northstar ski resort for an undisclosed price under the subsidiary company Mountainside Builders LLC.
Clifton Taylor, Taylor Builders’ president, said he’s familiar with Placer County from projects he’d done in a previous role with Richland Communities. But luxury resort housing planned around Northstar and near Lake Tahoe is different from the single-family communities Richland developed in south Placer County, he added.
“This is a tremendous, iconic group of assets with top-level appeal,” Taylor said.
The purchase includes Martis Valley West, the largely residential project along Highway 267 north of Lake Tahoe that’s the subject of ongoing litigation over environmental concerns. The portfolio also includes Mountainside at Northstar, a project of three residential communities already under development and partially sold. The Mountainside portfolio largely consists of residential projects.
“I don’t think it’s anything we can’t handle,” said Taylor, whose firm is also building a single-family home community in south Natomas southeast of where Interstates 5 and 80 meet.
Taylor said he also recognized ongoing concerns about projects under Mountainside Partners. But he said his own expertise, including a degree in environmental studies and previous time as a planner, would help him work through those issues.
“You just approach it with genuineness and taking each stakeholder very seriously,” he said. “I’m excited about the challenges that will emerge.”
He said introducing his company and his background to stakeholders will be the first job, followed by looking at which projects to get off the ground. Taylor said he has some ideas about the latter point, but not enough to confirm the direction yet.
Tahoe Mountain Realty will handle all aspects of sales and marketing for Mountainside at Northstar.
he announcement of Taylor Builders’ move comes after Blake Riva, Mountainside Partners’ managing partner, left to join Reno-based Basin Street Properties as president earlier this month.
Source: Sacramento Business Journal: