New Homes Planned for Arden-Arcade

Arden

Buoyed by the success so far of a midtown Sacramento single-family housing project, a development group is moving ahead 26-home infill project in the Arden-Arcade neighborhood.

ADZ Corp. and Pacific Housing have an application in place with Sacramento County for Munroe, which would be a gated community on 1.58 acres at 361 Munroe St.

“We plan to deliver an affordable project that’s something the neighborhood can appreciate,” said developer Tony Zogopoulos, who noted there’s been little new home construction in that area in decades.

Homes in the project would be between 1,500 and 2,000 square feet, and priced between $400,000 and $500,000, Zogopoulos said.

Part of the approvals for the project will include getting a zoning change from high-density residential, he said.

“We just feel this is a better use for the property,” he said. “We think it’s going to appeal to a variety of people: young professionals, single executives, active adults.”

Zogopoulos said 2500 R, another Pacific project in midtown, shows a demand for housing closer to the city core. Since sales began last August, 23 of the 35 planned units have sold, and Zogopoulos said he’d predict the entire project will be sold out within two months and completed by summer’s end.

As for Munroe, demolition of existing buildings on the site should begin next week, and actual construction will get underway this summer. The first model homes could be on the site by the end of the year, he said.

 

Source: Ben van der Meer and the Sacramento Business Journal

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