El Dorado Hills
LUXURY APARTMENT LIVING COMING TO EL DORADO HILLS
Soon , residents in El Dorado Hills will enjoy the region ’ s first mixed-use development at the El Dorado Hills Town Center . Element 79 , a 214-unit luxury apartment complex featuring one and two bedrooms , is under construction by The Spanos Corporation , a Stockton-based builder .
The apartments bring a diversity of housing to El Dorado Hills — part of the region ’ s plan to diversify its growing population and economy — and offers an attractive option for those who aren ’ t looking for single-family homes .
“ This is an important piece of the housing element that is missing , ( which ) we felt would just really work ,” says Alexandros Economou , executive vice president of The Spanos Corporation . “ In addition to that , the location is second to none because ( El Dorado Hills ) Town Center provides everything you would want to have in a location to live .”
To make the project possible , The Spanos Corporation underwent a lengthy process to overcome the county ’ s housing density limits , which initially didn ’ t accommodate the complex . A big win for El Dorado Hills .
The first apartments will be available to rent in spring 2021 , with the completion of the project anticipated in summer . Eleven floor plans ranging from 546 to 1,382 square feet are expected to rent for $ 2,000 to $ 3,200 per month .
Element 79 brings luxury apartment living to El Dorado Hills with thoughtful , modern amenities :
• private theatre room available for reservations
• game lounge
• fitness center and yoga room
• wine lounge with climate-controlled wine lockers
• elevators in each building
• workshare lobby with conference room
• private parking garage
• saltwater pool and spa
• courtyards with fireplaces , BBQs and a Zen hammock garden
• bike storage room with tools and space for bike tune-ups
• pet spa with amenities to wash pets
• keyless FOB entry to amenities and apartments
• smart home technology to control heating , air and lighting
Visit https :// www . element79apartments . com / to learn more about Element 79 located in El Dorado Hills Town Center .
“ A diverse , resilient business base is important because it will ( give El Dorado Hills ) the ability to handle hard economic times , withstand challenges and bounce back because the entire area won ’ t be committed necessarily to one business model .”
Kyle Zimbelman Economic and business relations manager , El Dorado County
benefit from varied housing options . Because the specific plan limits density to seven units per acre , single-family detached homes rule the roost .
With the median home price ranging from $ 500,000 to $ 750,000 , according to Redfin , housing with a lower price tag — especially for some of the workforce El Dorado Hills hopes to attract and retain — is very difficult to find .
“ We need to do a better job on housing so all people can choose to live here ,” says Nagle . “ Many would like our children to stay in the area , but we need to create affordable options .”
And the region is doing just that . In addition to the proposed Creekside Village project just south of the business park that will feature up to 900 smaller single-family homes , 214 apartment homes are under construction at the El Dorado Hills Town Center by Stocktonbased housing developer The Spanos Corporation .
“ Building housing that allows ( people ) to purchase at different levels offers choice and more diverse populations of people ,” says Nagle . “ This means whether you are a first-time buyer or a retiree ,
96 comstocksmag . com | November 2020