A Sign — Albeit a Little One — Of Some Economic Recovery
In a tiny microcosm of improvement in the construction industry, building has recently begun on a new home in Sacramento’s Tapestri Square midtown development.
The project was planned for 58 brownstone homes on a city block bounded by 20th St. and 21st and T and U Streets. Prices sought or the row houses ranged from the higher $300,000s to $800,000.
San Diego developer MetroNova Development LLC unveiled the in-fill in late 2007 — almost coincident with when housing prices tanked and demand evaporated.
Of the potential 58 two and three story homes, whose three models range in size from 1,335 to nearly 3,000 square feet, only 13 have been built. There are eight facing 20th Street and five facing T St.
Two additional concrete pads were laid along T St. before activity on the project halted last April.
However, after more than a year of inactivity, construction crews recently began framing a new home on one of the pads.
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