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Friday, 05 September 2008 01:14

Powder House Estates: For Sale

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slide19.pngBy Holly Boitano -

Sutter Creek’s Powder House Estates Subdivision is up for sale. The City Council approved the project’s final subdivision map in June of this year, and grading was supposed to take place this summer. However, due to the poor state of the housing economy, developer Stan Gambel of Trafalgar Homes chose to put Powder House up for sale instead. According to Sutter Creek mayor Gary Wooten, “(the developer) does not have the money to continue, and due to the state of the economy, has been unable to obtain loans. They basically have two options, to sell the project or hang on to it until funding becomes available- and they have chosen to put the project up for sale.” The Powder House Subdivision plan consists of 11 single-family residential lots and one town home parcel consisting of 54 lots. As part of their agreement with the City, Trafalgar was also planning to fund road improvements to Gopher Flat Road as well as walking paths to downtown Sutter Creek. However, as of now, Trafalgar Homes does plan to go ahead with the development plan for Golden Hills Estates, which is adjacent to the Sutter Crest Estates subdivision off of Gopher Flat Road. Golden Hills consists of 79 residential lots, and has been called “the final phase of the Sutter Crest Estates.”

Read 529 times Last modified on Friday, 14 August 2009 04:52