Easton Place Project is One Step Closer to Completion

 GenCorp Inc. has anounced that the Sacramento County Board of Supervisors has unanimously approved the Final Environmental Impact Report and amendments to Sacramento County’s General Plan for the Glenborough at Easton and Easton Place project. The decision was made at the Board of Supervisors’ December 10 and December 17, 2008 meetings.  The project is located between Hazel Avenue and Prairie City Road south of Highway 50 and covers about 1,400 acres.

“We are pleased to have achieved these strategic real estate milestones,” said Scott Neish, interim president and chief executive officer of GenCorp. “Our real estate team has done a great job moving the project through a complex regulatory process.”

Promising smart growth and sustainability, the project’s land use plan includes 4,883 units in a wide range of residential capacities and 4.2 million feet of commercial and office space. The project also includes more than 480 acres of open space and parks, and an extensive network of biking and walking trails that link it to the American River Parkway and the Hazel Light Rail station.

“In 2004, GenCorp and the County initiated a collaborative planning process that represents a new model in land use planning in Sacramento County,” said David C. Hatch, vice president, GenCorp Realty Investments, LLC. “We are very proud of this achievement. The Board of Supervisors’ unanimous votes are a testament to the quality of the project and the success of the process. We have taken great care to design a project that will capitalize on the unique opportunities presented by the land and enhance the Alder Creek open space area that has been inaccessible to the public for more than 50 years”.

Surrounding the Light Rail station at Hazel Avenue, Easton Place will be focused on transit development and plans include encompassing high-density, mixed-used areas featuring residential, employment, retail and entertainment opportunities.

The  6,000-acre Easton master plan is comprised of a series of smaller planning areas called “boroughs.” In addition to Glenborough at Easton and Easton Place, the boroughs of Easton include Rio del Oro and Westborough located in Rancho Cordova.

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Posted by Michelle Ventress on Jan 1 2009. Filed under News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.