Homeowners, how would you react if an investor approached you with an opportunity to earn a healthy profit in exchange for the right to develop an unused portion of your land? I'm sure emotions would range anywhere from skepticism to excitement...and everyting in between. The reality is this is a decision many central city homeowners will be faced with as the Stitch Group moves forward with their plan to develop alley front residences on oversized and underdeveloped lots within Sacrmento's city core. The general concept is to develop affordabe, high density housing at the rear portion of privately owned parcels while making Sacramento more environmentally sustainable and lively. Plans for a new model home site are already underway, and soon the public and the targeted homeowners will be able to visit and decide if the concept is a good fit for them. Look for development to come this spring 2009!
Lively look, right up the alley
By Mary Lynne Vellinga
mlvellinga@sacbee.com
Published: Monday, Dec. 01, 2008
Undaunted by possible "Not in My Backyard" objections, a new development group proposes to build condominiums behind hundreds of homes in Sacramento's central city.
"Yes, in My Backyard," declares the Web site for their project, called Stitch.
They say their new plan will make Sacramento's core more environmentally sustainable, affordable and lively – while at the same time helping existing homeowners earn some extra cash.
In the neighborhoods adjacent to downtown, nearly 2,400 houses sit on lots 40 feet wide by 160 feet deep. The Stitch group proposes to buy up the back portions of such lots and build three new condominiums on each one. The new housing units would front on Sacramento's mostly deserted alleys. (Story Continued)
Project Stitch: "Yes In My Backyard"
