More in Business:
- Developer looks to build 10 homes on large lot near Madera Park January 23, 2022
- Real Estate: What can $450k buy you in Citrus Heights? January 16, 2022
- Citrus Heights thrift shop announces permanent closure January 13, 2022
Sentinel staff report–
The Southern California development team that earlier this year proposed a new 22-unit apartment complex in the area behind the Citrus Heights Raley’s Supermarket confirmed Friday that it has postponed the plans indefinitely.
Ralph Deppisch, of the Newport Beach-based Cliffhaven Companies, Inc., told The Sentinel in an email on Friday that the apartment project has been postponed, with “no date set to resurrect.” He cited current market conditions not being favorable and said “our costs could not support the projected rents we would hope to achieve.”
Plans for the project, known as the Summerhills Plaza Apartments, were submitted to the city in February. Construction of the rectangular-shaped apartment complex would have replaced existing parking spaces and a dirt pad located behind Raley’s Supermarket and Dollar Tree in the Summerhill Business Plaza.
He said one-bedroom apartments would have rented in the $1200 range and two-bedroom units in the $1600 range.
Eight one-bedroom apartments were proposed, each sized around 879 square feet, along with 14 two-bedroom apartments ranging in size from 1,067 and 1,126-square-feet.
Plans called for 52 parking spaces, 30 of which would be standard surface stalls and 22 would include carports.
The same development company also proposed a new Dutch Bros coffee drive-thru in the same shopping plaza, which received approval from the Planning Commission last month. Deppisch said the building permit process is expected to take about three months, followed by construction beginning in March and completion estimated by late-summer of 2020.
From last month: Dutch Bros plans new coffee drive-thru in Citrus Heights
Thanks for reading The Sentinel. You are either trying to access subscribers-only content or you have reached your limit of 5 free articles per 30 days. Click here to sign in or subscribe.