LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, has revealed the plans for University Square, a 10-acre mixed-use development project at the intersection of Sunset Boulevard and University Avenue in Rocklin, California. With retail and hospitality components, University Square is the developer’s first project in the city but second in Placer County. The project is slated to be completed by year-end 2025.
“University Square is another example of us following through with our approach of developing at dynamic intersections in growing markets we have identified over the years as a developer on the West Coast,” said Akki Patel, CEO of LRE & Companies. “We are proud to be a part of Rocklin’s ongoing development and committed to driving growth and progress in the community with this mixed-used development, offering a range of retail and hospitality options for residents and travelers.”
University Square will have more than 20,000 square feet of retail space and 5,000 square feet of space for quick service restaurant (QSRs) with drive-thrus; a 123-room Hilton Garden Inn; a 10,000 square-foot daycare center; a 3,700-square-foot convenience store and a car wash. The site is adjacent to Estia Rocklin, a build-to-rent townhome community with 181 units; across the street is William Jessup University, a private Christian university with more than 3,000 students.
The project is just east of the 8,497-acre Sunset Area development. The Sunset Area plan is centered around a new California State University, Sacramento and Sierra College campus.
“This part of Rocklin is seeing tremendous growth,” said Victor Chiang, VP of development at LRE & Companies. “By prioritizing smart growth and responsible development practices, we can create something special that will stand the test of time. We are honored to be involved in shaping the future of the Rocklin community.”
Most of the area’s major employers, including Oracle, UNFI, K-LOVE and Thunder Valley Casino, are within a two-mile radius of the project.
