2016
01/23

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Secured Financing

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Healdsburg’s Saggio Hills project moving forward


More than seven years after it was first approved, work is set to begin this year on a five-star resort and luxury home development in northern Healdsburg that will also include a large park and affordable housing that the city is requiring.

Saggio Hills, a 130-room resort with 70 homes expected to sell at more than $2 million each, also could include up to 150 affordable “workforce housing” units on a 14-acre site that the developer is required to deed to the city.

“The developer will make money,” said Mayor Tom Chambers, but “there are a lot of good things the city is getting out of it.”

He lauded a previous City Council for “driving a hard bargain” to make sure the project’s developer provides land for affordable housing, a fire station and a 36-acre public park with a playground, pavilion, hiking trails and athletic fields.

The developer, Robert S. Green Jr. of Encinitas, gave the city official notice last week that he was going forward with Saggio Hills, indicating that he has secured financing and is ready to apply for the final approval to begin building.

“The clock starts ticking, ” said City Manager David Mickaelian, describing how Green will be required to meet various deadlines to transfer portions of land to the city, along with paying almost $6 million to subsidize the affordable housing, park and substation for the fire department.

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