PC-2 developers revise phasing
The developers of Planned Community 2 this week submitted to town planning a new phasing schedule for the proposed 789 acre development, Boca Sierra Estates.
Designated as PC-2 under Truckee’s general plan and located at the intersection of Interstate 80 and the Highway 267 Bypass, Boca Sierra Estates proposes up to 175,000 square feet of commercial and office floor space, a golf course and club house, a destination resort, 600 homes or multi-family units and construction of an 80,000 square foot grocery market complex.
The Boca Sierra Estates Economic Impact Study released Nov. 23, 1999 reported that the proposed supermarket would need to bring in at least $14.1 million annually to be feasible. The construction of 600 housing units at PC- 2 would expand the demand for supermarket sales by only $1.3 million annually, the study reported, and other local supermarkets would likely be impacted. Other Truckee businesses would also lose sales revenues as a result of the proposed commercial development.
The newly submitted phasing schedule pushes construction of the 80,000 square foot grocery market/ shopping center from Phase I to Phase III, with a best case projection date for occupancy set at 2007.
Other commercial construction is deferred from earlier phases to later phases and residential construction will occur in the earliest phases of the newly proposed schedule.
“It looks like they’re responding to the findings of the economic analysis that it’s too much too soon,” Community Development Director Tony Lashbrook said.
The newly submitted phasing schedule reads:
Phase I – occupancy Fall 2003
– Golf course and club house
– 175 custom home sites or multi-family units
Phase II – occupancy Fall 2004
– 27,000 square foot retail (apparel, home furnishings, food …)
– 18,000 square foot office
– hotel/ lodge
– 175 custom homes or multi-family units
Phase III – occupancy 2007
– 40,000 square foot grocery market
– 32,000 square foot retail (restaurants, specialty retail, drug store …)
– 8,000 square foot office
– 154 custom homes or multi-family units
Phase IV – occupancy Fall 2008
– 24,000 retail space
– 16,000 square foot office
– 96 custom homes or multi-family units
Phase V – occupancy Fall 2010
– 6,000 square foot retail
– 4,000 square foot office
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