A partnership of Placer County, California State University, Sacramento, Sierra College and Taylor Builders, Placer One, previously known as Placer Ranch, is a distinctive master planned community located on approximately 2,213 acres in South Placer County’s Sunset Area. The community features a major employment center, town center, university, expansive parks, and natural open space that will be connected by an extensive bikeway network to new large-scale job-generating facilities, shopping and dining districts, and diverse residential neighborhoods. Placer One’s high-quality services and amenities are thoughtfully designed to support the future population that the new employment center and university will bring to South Placer.
Placer One’s balanced land use mix will be a catalyst for development of the entire Sunset Area. Its Campus Park Employment Center, which covers approximately 335 acres, will be home to a diverse mix of job uses. Placer One also includes a 300-acre site for development of the Sacramento State Placer Center and a Sierra College extension. Additionally, Placer One’s 200-acre Town Center will include retail establishments, office spaces, and apartment/loft-style homes in proximity to daytime workforce and the university’s students and faculty.
At buildout, Placer One is planned to accommodate 5,636 residential units, including single-family detached and multifamily attached units, age-restricted neighborhoods, and mixed-use facilities within the Town Center.
Taylor Builders, with funding from JEN Partners, acquired Placer One in August 2021. The first phase of development will consist of seven neighborhoods, with single-family detached lots ranging in size from 4,500 square feet to 9,500 square feet. Development of the first phase is expected to begin in October 2022.
September 8, 2022
Development company Taylor Builders LLC has put the name of the project known as Placer Ranch out to pasture.
The 2,213-acre project near Roseville in unincorporated Placer County is now called Placer One, and groundbreaking is set to start in a matter of weeks.
“We just felt like we wanted a name that would distinguish the project and the partnership from other master plans in the region,” said Clifton Taylor, Taylor Builders’ president. “With the
entrepreneurship of the university and the land uses, it’s stronger placemaking.”
Within the first couple weeks of October, land grading is set to start for what will be the project’s first 800 single-family homes, and also the first phase of a planned higher education center at the center of the project, by Sierra College and California State University Sacramento.
Taylor said the goal is to get grading done by winter and then start on site infrastructure in the spring, followed by the first home construction in early 2024.
The builder for those lots is to be determined, with Taylor Builders still to start marketing for them, Taylor said. Homes in that phase will be in seven neighborhoods, on lots ranging from 4,500 to 9,500 square feet.
In perhaps a similar time frame, Sacramento State’s satellite campus could start work as well. Early next year, Taylor said, the university is planning to complete environmental review of an updated master plan.
Though Sac State would then have to embark on a sizable fundraising and partnership effort to fund actual development and construction, Taylor said, “I don’t think their plan for it will be too many years away.”
A message left Friday with Sac State’s media office was not immediately returned. Taylor Builders, Sierra College, Sac State and Placer County are the four partners in the Placer One project, which dates back more than 20 years but is only now on the verge of construction. Taylor Builders took over as master developer on the project about a year ago, paying $100 million for the land and entitlements.
About a year or two after the first homes get underway, Taylor said, the “1B” and “1C” phases of Placer One would include sites for multifamily development, smaller-lot single-family homes, student housing, a small senior living community and the first part of a town center.
How quickly those components are built will also depend on market demand, he said. Taylor Builders is about to sell the last lots in two neighboring development areas within Roseville, Whitney Ranch and Fiddyment Ranch, so housing demand is still there, he said.
“We feel like, while we’re in a lower absorption environment, this location is a premier location,” Taylor said.
At build-out, Placer One would have more than 5,600 homes, a 335-acre campus park employment center and a 200-acre town center with retail, office and residential components.
Source: Sacramento Business Journal