Maps, details released for Placer Vineyards project
Presidio Hires Real Estate Veteran Kent MacDiarmid as Asset Manager Consultant
One of the largest development projects in South Placer could be getting closer to breaking ground.
The Placer County Planning Commission voted 6-0 on June 8 to approve infrastructure plans and seven large lot maps for the first phase of the Placer Vineyards project, a 5,230-acre development that could take 30 to 40 years to be fully built out.
The first phase of the project, according to a May 31 report from the county’s Design Review Committee, will cover 1,530 acres owned by a consortium of private developers.
“They’re looking at it from a standpoint of what the market will bear and what the market needs right now,” said Jack Duran, District 1 representative for the Placer County Board of Supervisors.
Duran continued, “I think the way that they’ve done it over these years (that the project has been in early stages of development) is actually quite smart from the standpoint of being able to take a look and develop this as things (change) over time.”
Big Placer County development approved. Here’s what’s next
SAN DIEGO, CA--(Marketwired - Mar 20, 2017) - Kent MacDiarmid, a real estate veteran with almost 30 years of experience managing, planning and developing communities in the Sacramento area, has joined Presidio Residential Capital as an asset manager consultant.
"We're thrilled to have someone with Kent's level of experience in real estate acquisition and development and entitlements," said Presidio principal Paul Lucatuorto.
MacDiarmid will work part time for Presidio while continuing as principal and president of The MacDiarmid Company, a consulting firm for real estate development he founded in 1993. Through his company, MacDiarmid has played a key role in planning and developing some of the region's largest communities, including Placer Vineyards in Placer County and Metro Air Park in Sacramento County.
"I am humbled to be part of this dynamic company and team of extraordinarily talented professionals at Presidio Residential Capital," MacDiarmid said. "I hope to provide additional leadership to the team to help grow the company and its builder partners."
Plumas Lake in line to start taking shape by year's end
Construction on roads and other infrastructure could begin in 2018 on the 5,200-acre project, which could include more than 14,000 homes when it’s finished.
The project received its regional general permit last week from the U.S. Army Corps of Engineers, clearing the way for road construction, project spokesman Doug Elmets said Tuesday.
“This is a real key milestone,” Elmets said. “This is it.” The project is being developed by 20 landowners and managed by The MacDiarmid Co. of Roseville.
Builders, no longer able to find land at reasonable prices in Sacramento County, are lining up the by dozens to build homes in Plumas Lake, the area that's eventually slated for as many as 12,000 homes under Yuba County's plans.
Homebuilders are eager to tap their picks into land to make homes starting in the high-$100,000s, the price for coveted first-time homebuyers.