From the
Folsom Telegraph:
One of Folsom’s biggest construction projects is still more than a year away from completion, but another will be open in a little more than a week.
Phase one of the Palladio at Broadstone, Folsom’s upcoming lifestyle center, is expected to be completed in mid to late 2009, said Russ Davis, vice president for project development at Elliott Homes.
“We’re building the parking garage (at the Palladio) as we speak,” he said. “We have to build the parking before we can build the stores.”
To this point, there have been no setbacks in construction aside from some uncooperative weather.
“It’s to be expected,” he said. “But we’re picking up a lot of time because it’s dry.”
At the lifestyle center, Davis said shoppers can expect as many as 100 high-end stores.
“There will be upscale, high-fashion stores like you’d find at the (Roseville) Galleria,” he said.
The “anchor tenants” of Palladio will be Barnes & Noble, Whole Foods Market, and the Cinema West movie theater.
Once phase 1 is completed, Davis said Elliott Homes will prepare for phase 2.
“It’s a small second phase we’re reserving,” he said. “It could be another retail store, a hotel, a high-rise
condominium complex - it depends on what the market dictates.”
Davis believes the people of Folsom will embrace the lifestyle center because of what it doesn’t have in common with a typical mall.
“It’s got a Main Street U.S.A feeling,” he said. “It’s more user-friendly (than a mall). There’s more of an emphasis on social setting.”
Sutter Street’s new Historic District Parking Structure, the other big construction project, will open March 20, and the city has several festivities to celebrate the historic district’s newest addition, including a ribbon-cutting ceremony, refreshments and entertainment from a barbershop quartet.
According to a press release from the city, the $13.6 million Historic District Parking Structure will feature “more than 300 free parking spaces, most with a three-hour time limit to accommodate Sutter Street visitors.”
In addition to a large clock tower, the building also “features a 19th century architectural design that compliments the historic buildings” of the street.
“This is a contemporary building, yet the architectural design respects the historical character of Sutter Street,” said Amy Feagans, city redevelopment and housing director. “The structure has just the right look and feel.”
Mayor Eric King was eager to praise the work of those who put their time and effort into this new parking garage.
“Many community members had a hand in the extensive design review process for this distinctive new building, and we think they will be very pleased with the end result,” he said.
While the city is excited about its new parking structure, it won’t be the final change to Sutter Street.
“After it opens, we’ll see many more exciting changes on Sutter Street,” said King. “The Railroad Block Partners will soon break ground for the Historic Folsom Station, with four buildings for retail, restaurants, office and residential uses, and a public plaza. And, a facelift for four blocks of Sutter Street is also on the horizon as part of a revitalization program.”
The opening festivities will begin at 3 p.m. March 20 at the Reading St. entrance near the Light Rail Plaza.
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http://www.hotfolsomhomes.com/
Graph: Tri County Inventory for homes under $200,000
