Light-Rail Expansion
From February 2005
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Renner Johnston, of Mogavero Notestine Associates, the project’s Sacramento architectural firm, envisions similar uses for the retail space. He says, emphatically, “We’re looking for tenants!”
GenCorp. Inc.’s Aerojet also plans to capitalize on light-rail and “will remain a large operating developer in town,” says Linda Cutler, vice president and spokesperson for the company. Rancho Cordova-based GenCorp plans to create a mixed-use community called Easton on 3,000 acres of Aerojet’s 12,000-acre property in Rancho Cordova.
The Easton master plan includes two large residential-/commercial-/recreational developments, Glenborough at Easton (1,200 acres) and Westborough at Easton (1,500 acres), connected by a 300-acre “urban core” called Easton Place.
The Glenborough and Easton Place portions total 3,774 homes and 5 million square feet of office and retail space. Full details of the Westborough land-use plan are expected this summer. The company says construction of the Easton project could begin in 2007.
Aerojet and RT
Easton Place will be centered on the light-rail station that RT plans for Hazel Avenue and Folsom Boulevard. The site is on Aerojet property; GenCorp recently concluded a real-estate deal with RT that clears the way for the station’s construction.
Bill Hatch, executive vice president of GenCorp Realty Investments, acknowledges that the possibility of light-rail service prompted the company to create a transit-oriented development plan for its property.
Some developers aren’t waiting for light-rail lines to arrive; rather, they’re building in anticipation of them. Sacramento’s Opus West Construction plans 1.3 million square feet of office and retail space where Truxel Road crosses I-80 in North Sacramento, at the site of a future station along the northbound line to the airport.
Continued...
GenCorp. Inc.’s Aerojet also plans to capitalize on light-rail and “will remain a large operating developer in town,” says Linda Cutler, vice president and spokesperson for the company. Rancho Cordova-based GenCorp plans to create a mixed-use community called Easton on 3,000 acres of Aerojet’s 12,000-acre property in Rancho Cordova.
The Easton master plan includes two large residential-/commercial-/recreational developments, Glenborough at Easton (1,200 acres) and Westborough at Easton (1,500 acres), connected by a 300-acre “urban core” called Easton Place.
The Glenborough and Easton Place portions total 3,774 homes and 5 million square feet of office and retail space. Full details of the Westborough land-use plan are expected this summer. The company says construction of the Easton project could begin in 2007.
Aerojet and RT
Easton Place will be centered on the light-rail station that RT plans for Hazel Avenue and Folsom Boulevard. The site is on Aerojet property; GenCorp recently concluded a real-estate deal with RT that clears the way for the station’s construction.
Bill Hatch, executive vice president of GenCorp Realty Investments, acknowledges that the possibility of light-rail service prompted the company to create a transit-oriented development plan for its property.
Some developers aren’t waiting for light-rail lines to arrive; rather, they’re building in anticipation of them. Sacramento’s Opus West Construction plans 1.3 million square feet of office and retail space where Truxel Road crosses I-80 in North Sacramento, at the site of a future station along the northbound line to the airport.
Continued...
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