LRE & Companies, a real estate development, asset manager, construction and hotel management company, and American Hospitality Services Inc., a development and hotel management company acting as sponsor, operating partner and asset manager of strategic commercial real estate assets, have unveiled the plans for Roseville Junction, a new mixed-use project in Placer County, CA.
“Without a doubt, Roseville Junction is in a class of its own,” said Akki Patel, CEO, LRE & Companies. “Nothing like this project has been done before in Placer County, let alone the Sacramento area. What we’re developing is truly remarkable and a game-changer for the community. We’re proud to be part of Roseville Junction and a contributor to the future success of the Roseville community.”
Roseville Junction will have two select-service hotels, three restaurants, an outdoor gathering space and an entertainment and sports complex. The hotels and restaurants are currently under negotiation.
To bring the community together in an outdoor gathering space through food and drink, Social Connection will offer a variety of food and beverage options. There will be apps where guests can place food and beverage orders from their phones and have their food delivered by food ambassadors moving throughout the property. Social Connection will sit on more than 58,700 sq. ft.
The site for Roseville Junction will be north of Sacramento, CA, and adjacent to Highway 65 near Interstate 80, making it accessible to the entire Placer County region. It’s also near new retail and shopping amenities, including Roseville Galleria in Roseville, CA, a mall in northern California.
“When we first assessed the site, the first thing we noticed is its outstanding location,” said Victor Chiang, VP, development, LRE & Companies. “It’s centrally situated amongst so much amazing retail, including Westfield Galleria, The Fountains and Creekside Town Center. With so much retail surrounding us, there’s plenty of opportunity to attract shoppers from all over. Roseville Junction is the perfect place for them to connect and gather, enjoy the California sunshine, grab a bite to eat and raise a glass.”
Rohit Ranchhod, president/CEO, American Hospitality Services, said, “With more than 135,000 people, Roseville is the most populous city in Placer County, making it the ideal location for a new mixed-use project. With a Mediterranean climate and more than 250 days of sunshine yearly, Roseville is home to more than 80 parks and recreation facilities. The city is also just 90 minutes away from Lake Tahoe, near endless winter and water sports and numerous hiking and mountain biking trails.”