Rancho Cordova will take on its largest new development in the city’s short 20 year history. It includes more than 10,000 new homes, a new high school, 7.6 million square feet of commercial real estate, and one of the largest parks in the Sacramento Region. The Rio Del Oro development project will inhabit the now empty space once occupied by the rocket and missile propulsion manufacturer, Aerojet Rocketdyne.
The principal developer of the project is Elliot Homes, who recently completed the development of the outdoor shopping center Palladio at Broadstone in Folsom. Elliot homes boasts an impressive resume beyond the Broadstone project, having completed many popular developments in northern California, including West Sacramento’s Westbridge Plaza and Fresno’s Villaggio.
Rancho Cordova Mayor Dave Sanders is in full support of the project. “We’ve got a unique position of having probably more jobs than members of the community,” said Sanders noting that the city’s massive 100,000 plus job market sees around half of those jobs filled by people commuting from out of the area. “This is going to allow enormous growth in the city of Rancho Cordova.” The development’s goal is to help people live closer to their jobs and cut down on commutes. However, locals anticipate traffic may increase, so developing another interchange is also in the works.
The Project is said to encompass 3,800 acres, a plot of land more massive than the one that encompasses midtown and downtown Sacramento. An official spokesman for Elliot Homes said that the first phase of the build would see model homes’ completion as early as 2021.
For more information on the development, follow @riodelorohomes on Instagram.