Presidio Residential Capital and Watt Communities recently celebrated grand openings at Woodbury at Davis Ranch, a 6.5-acre community with 17 executive-level ranch-style homes in Fair Oaks, Calif., and The Village at Fair Oaks, a six-acre, 55-unit community on Madison Avenue.
"Presidio and Watt Communities are proud to offer the first new home communities to be built in the underserved Fair Oaks market for more than two decades," said Kevin S. Webb, Northern California division president for Watt Communities, which specializes in infill development. "We are anticipating high interest in these new neighborhoods that will be built to meet the needs of Northern California homebuyers."
Presidio has committed $7 million to help build Woodbury at Davis Ranch and $18 million to build The Village at Fair Oaks.
Woodbury, located at 10850 Fair Oaks Blvd., is being built on the last remaining parcel of the Davis family ranch, established by Walter Magnum Davis and his wife, Oma Bennett Davis, in the early 1900s. The historic area has established services and easy access to major employers including Aerojet, Intel, the Sunrise Mall and Birdcage Center shopping centers, light rail and schools in the highly ranked San Juan Unified School District as well as many private and parochial schools. Folsom Lake and the American and Sacramento rivers are within five miles of the site, and Lake Tahoe is a one-hour drive. Woodbury is expected to be complete by end of 2016.
The Village at Fair Oaks, located at 5385 Sablewood Dr. off of Madison Ave, offers three and four bedroom two-story homes with two-car garages, generous open space with a sitting area under mature oak trees and 32 guest parking spots. The community is located within 10 miles of major employers, including Intel Corp., Delta Dental and Aerojet Rocketdyne, and close to Sunrise Mall and to downtown event centers via easy freeway access to safe. Pedestrian access and bike trails to the American River are two miles away, and community residents will have access to boating and rafting on the nearby Sacramento River. The Village at Fair Oaks is expected to be complete by the end of 2017.