City Ventures, a California developer of townhomes and single-family residences, is in negotiations to purchase the two parcels between the O’Reilly buildings and the West County Trail, with the goal of developing new housing on the site.
They had an open house at the O’Reilly Media campus on Wednesday evening, June 5, after press time.
City Ventures currently has 19 developments in Northern and Southern California, including the Fox Hollow and Reserve developments in the Fulton-Piner region of Santa Rosa.
According to City Ventures CEO Phil Kerr, the company doesn’t know how many homes or what type of homes they might want to build on the parcels behind the O’Reilly building.
“We’re very early in the process,” he said, “and we’re looking forward to hearing people’s ideas for this site.”
Last week’s Sonoma West article about the City Ventures open house incorrectly stated that they had purchased the O’Reilly building itself. They have not. They are in negotiations for the two parcels behind the O’Reilly building and will close on the sale if they decide to develop housing there.
“Right now, we’re looking at various options,” Kerr said. “We want to build something that fits in with the surrounding community, at price points that work for the market up there.”
Though he declined to give a price range, Kerr said his company tends to build housing at the median price point for whichever market they’re in.
City Ventures is also known for its green building features.
“Every home has solar panels and is all-electric, which is much more efficient, cutting your electricity bill down to half,” Kerr said.
In addition, he said Energy Star appliances, NEST thermostats, LED lighting and the wiring for electric car charging come standard in all City Ventures homes.
“It’s clearly where things are going,” Kerr said. “The tech is there, and we like to provide that.”