In the News: Detail Page
Sacramento Regional Transit Awards Two Light Rail Station Communities: Power Inn and Butterfield
WILSONVILLE, Ore. - Costa Pacific Communities and High Street Residential, a subsidiary of Trammell Crow Company, were
selected by Sacramento Regional Transit, (SRT), to develop two transit-oriented communities at the Butterfield and Power Inn light rail stations. Costa
Pacific, a national leader in master planning and mixed-use, smart growth development, and High Street, a top developer dedicated to creating
user-friendly urban neighborhoods, have joined forces to develop these two high-density, mixed-use communities.
"The Power Inn and Butterfield facilities are surrounded by underutilized SRT land," says Fred Arnold, SRT director of real estate. "We are proud to partner with Costa Pacific and High Street to develop the areas to their full potential for public use."
The Power Inn and Butterfield light rail stations are on the Folsom line of the Sacramento light rail. The Power Inn site is approximately 14 acres and is adjacent to Granite Regional Park. This site will include an estimated 270 residences within a mixed-use community. The Butterfield site, adjacent to the State of California Franchise Tax Board Complex, is approximately three acres and will be a similar development of commercial, retail and residential uses.
"Costa Pacific and High Street are experienced in developing successful mixed-use communities and are proud to have been selected to develop transit-oriented communities at these sites," says Rudy Kadlub, CEO of Costa Pacific. The developments, Power Inn and Butterfield, are the first true transit-oriented developments along Sacramento's light rail corridor. They will serve the region's growing population by creating places to live, work, play and learn. The communities will offer more transit choices than were previously available while reducing automobile congestion and decreasing air-polluting emissions.
About Costa Pacific Communities
Costa Pacific Communities, widely recognized for co-developing Orenco Station in Hillsboro, Ore., (voted "America's Community of the Year" in 1999 by the National Association of Homebuilders, NAHB), is the Northwest's leader in new home design and planned communities. Currently, Costa Pacific is overseeing the development of the 500-acre, 2,500 residence Villebois Community in Wilsonville, Ore. Costa Pacific focuses on specific guiding principles such as connectivity, sustainability and diversity that are appropriate for a particular community. This process has led to success and recognition: Costa Pacific Communities won the Best on the Boards Site Plan Award for Villebois in the 2005 Gold Nugget Competition. For more information about Costa Pacific Communities, visit www.costapacific.com.
About High Street Residential and Trammell Crow Company
Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate services companies in the world. The company provides building management, brokerage, project management, development and investment services to both investors in and users of commercial real estate. Residential development is orchestrated through their wholly owned subsidiary, High Street Residential, which is focused on restructuring old or creating new urban neighborhoods to provide more environmentally sound, user-friendly communities. In addition to its full service offices located throughout the United States, the company has offices in Canada, Europe, Asia and Latin/South America focused on the delivery of real estate services to user clients. Trammell Crow Company is traded on the New York Stock Exchange under the ticker symbol "TCC" and is located on the Internet at www.trammellcrow.com.