FCB Homes hopes to break ground this spring on a 232-home subdivision just west of Lower Sacramento Road — its first in Lodi since the housing bubble burst in 2008.
The Stockton-based real estate development company won approval from the Lodi Planning Commission last week to move forward with plans to build the Rose Gate subdivision on a 50-acre, triangle shaped parcel of land bounded on the south by Sargent Road and by the Woodbridge Irrigation District canal on the north.
FCB Homes president Tom Doucette said it’s possible that the first houses could start going up in the subdivision next fall.
City Manager Rad Bartlam said the Rose Gate project is the first subdivision plan to come before the planning commission since 2006. He said the city council is likely to approve the residential growth permits necessary for the plan to go forward in late-November or early-December.
This will be FCB Homes' first subdivision in Lodi since it completed the Legacy and Heirloom subdivisions in southwest Lodi in 2007.
The company had won approval for two projects for a combined 2,000 homes — the Westside subdivision and the Southwest Gateway project — in 2006 and 2007, but those were abandoned during the economic crisis because market conditions didn’t make sense for the company to build in Lodi, Doucette said.
The Rose Gate subdivision is located in a small portion of what originally was planned as the Westside subdivision. “This year we felt like the timing clearly was right,” Doucette said. “There is a lack of inventory in town and we felt like this was a good location to start our first phase.”
The Rose Gate subdivision will have homes built in three “villages” located around a central park that will also serve as a storm drainage basin.
Three different home styles — European, California Colonial and American Traditional — will be built on lots ranging in size from 4,000 to 7,000 square feet.
Doucette said the home sizes could range from 1,600 square feet to more than 3,000 square feet
Home buyers in the subdivision will also pay a $650 yearly fee to the Community Facility District — created by the City Council in 2007 — for maintenance and services, Bartlam said.
Randy Heinitz, who sits on the planning commission, said he believes the Rose Gate subdivision will open up the housing market in Lodi.
Heinitz, who also owns Town and Country Properties, said as people buy and move into the new homes, mid-level and entry level homes become available.
“It helps perpetuate sales,” Heinitz said. “It opens up the market for the first time buyer. It opens up the market for the growing family that can’t afford a new 2,000 or 3,000 square foot home, but now that middle level one is there. That’s a huge addition.”
Contact reporter Todd Allen Wilson at email@example.com.