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Several local real estate analysts say the unresolved issue of what will be built in the commercial part of the project creates uncertainty among potential home companies who might be interested in building there, and among potential home buyers wondering what kind of community ultimately will emerge – and how long it will take for that to happen. “If I’d pick one reason Crocker Village has Real Estate Marketing struggled, it’s the uncertainty about that (commercial site). It’s such a big part of the overall footprint, you really want to know what is going to be there,” said Dean Wehrli, a senior vice president at John Burns Real Estate Consulting, which does market studies for residential developers, investors, and banks. The uncertainty has left the one housing builder on-site, BlackPine Communities, in a tough position. BlackPine is not involved in the legal fight but is feeling the effects. “My business is selling homes and lifestyles, and when you break those two apart, you don’t sell homes,” said BlackPine president Mike Paris. Nevertheless, Paris said he expects to have the row of 45 brownstone-style town homes finished and sold this summer, and said he believes in the long-term viability of the community. “It is going to be a great neighborhood,” he said. “It is just not going to happen at the time we hoped it would.” Kevin Miller-Coe, a pioneer Crocker Village resident who recently sold his home for reasons unrelated to the controversy, said he and other residents believe the commercial center issue will get sorted out and that a solid neighborhood will rise. But he acknowledged, for now, some potential buyers are not able to “visualize what is not there.” Here’s who won the right to build glass-walled condos overlooking Capitol Park The fight between the developer and city isn’t the only reason home production has been slow, analysts say. Infill development has hit a new gear in recent weeks in Sacramento, reacting to a growing interest in urban living.
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