Another surf park project is moving forward in California. Chris Gallardo recently posted on LinkedIn, announcing progress for Alchemy Surf Resort.
Chris and his wife Andrea took part in last year’s Surf Park Sharks at Surf Park Summit. The project outside Sacramento plans to use a Wavegarden Cove pool.
In his post, Gallardo announced new funding to help the project become a reality.
Here’s what he said:
The new year brings many new opportunities and we’re excited to let our LinkedIn network know about the 506c Reg D offering for Alchemy Surf Resort.
The Seed Round for what could be the first surf park in Northern California is now officially open to Accredited Investors. If you’re interested in learning more or know anyone that might, please reach out.
More information about the project can be found here.
Colliers International was hired to conduct a Feasibility Study and independent review of the project, noting the following information below:
PROJECT RATIONALE AND TOP 10 ADVANTAGES
HIGH DEMAND FOR SURFING
A land locked location within the world’s largest surfing market, California; limited access = high demand
LOW COMPETITION
Opportunity for first mover advantage in Northern California with no other surf parks currently planned within 400 miles (6 hour drive time)
STRONG DEMOGRAPHICS
High home values and median incomes with affluent local and regional populations; Sacramento and Placer County are leading growth areas in California
HIGH SPEND POTENTIAL
Roseville is a successful commercial location with high average spending and disposable income from residents and tourists alike
YEAR ROUND TOURISM
Strong, year-round tourism in the local and regional markets in route between the San Fransisco Bay Area and Lake Tahoe Basin
YOUTH SPORTS SPECIALISM
Placer County boasts best-in-class facilities and has an established reputation for youth sporting events that attract thousands of visitors annually
MEDITERRANEAN CLIMATE
A near perfect climate for any surfing location with a long dry season, hot summers, mild winters, and sunshine over 75% of the year
OUTDOOR RECREATION HOTSPOT
Large, established recreation markets and popular outdoor destinations creating high latent demand for surfing and cross over potential
LAND SECURED IN PLACER ONE MASTERPLAN
25 acre site under contract in a highly anticipated mixed-use development that includes 5,600 new homes, Town Center, and Sacramento State University
LOW ENTITLEMENT RISK
Project can leverage existing Specific Plan, EIR, and CEQA efforts along with zoning clearance to significantly reduce development risk
Thanks friends, here’s to a happy, healthy, and prosperous 2025!
Chris & Andrea Gallardo
You must be logged in to post a comment Login