Work has gotten underway on a project that will add thousands of new homes and other development to Folsom.
South of Highway 50, infrastructure is going in for the Folsom Plan Area, which has several developers and homebuilders involved.
“The plan area is a result of over a decade of thoughtful and careful planning by the City of Folsom, resource agencies and landowners,” said Bill Bunce, president of Folsom Plan Area property owner WestLand Capital Partners, in an email. “We are excited to see the results of these efforts as the project gets underway.”
Infrastructure construction for the 3,520-acre area will take the next 18 months, with water, street, sewer and utility lines starting to go in this spring and summer. During construction times, portions of Placerville Road and Scott Road will be closed, with a new east-west connector between those roads also to be built.
Bunce said WestLand is selling land for the first phase to a separate development company that is handling the infrastructure work. That company, which he did not identify, will eventually sell land to two different publicly traded builders for home construction. Nearby, The New Home Co. is also starting infrastructure work soon, and will eventually build 878 homes on its land for a project called Russell Ranch.
At buildout, Folsom Plan Area would have more than 10,800 homes, 3.6 million square feet of commercial development and more than 1,000 acres of open space.