BlackPine Communities is bringing its unconventional style of single-family home construction to a new project in Folsom.
The builder announced plans to start work this month on an 18-acre, 126-unit project within the city’s Parkshore master plan.
Mike Paris, BlackPine’s founder and president, said the project is an example of suburbs taking on a more urban feel in new homebuilding projects.
“Call it the move-up/move-down buyer. There’s a demographic that wants a house and they don’t want to have to compromise their lifestyle,” he said. Such buyers want walkability and access to amenities, but also high-end finishes and good use of space, he said.
The unnamed community will be at Parkshore Drive and Folsom Boulevard, with larger lots of 45-by-70 feet. Paris said the homes will range from 1,800 to 2,400 square feet, with four different floor plans.
Paris said the project is also surrounded by Willow Creek and a greenbelt park, with 89 homes having direct access. The project will also connect to the city’s numerous bike and walking trails, and is a seven-minute walk to a light-rail station. Within the community will be a nature reserve and recreation center with a swimming pool.
First houses will begin selling this summer, with buildout expected by fall 2019. BlackPine Communities and Presidio Residential Capital are partnering on the project, after acquiring the property for the project from Lewis Land Developer LLC. The purchase price for the property was not disclosed, though BlackPine listed the development’s retail value at $68.5 million.