Monday, September 17, 2018

Township Nine Bankruptcy Sale

Proposed Township Nine fully entitled river front mixed-use project for sale











Colliers International is now promoting the bankruptcy sale of Township Nine and it’s 62-acre master planned community. With a majority if infrastructure completed with streets paved, sidewalks done, trees planted, and access to the bike trail on the American River. This site is ready to go vertical.

The site was planned to be home of 2,500 condos, office and retail stores and restaurants, but in the end only the Cannery Plaza Apartments were built. This project had so much potential, something tells me it will sit vacant for a while even if the land is sold in the near future.

Township Nine Cannery Plaza Apartments









The development was reported to be facing financial issues for quite some time but this last June The Board that reviewed the Company’s financial position found it was no longer able to pay its debts and needed to reorganize.

Wednesday, September 12, 2018

301 Capitol Mall Tower Divides CalPERS Board

Capitol Public Radio’s reporting that the CalPERS board has stalled the project because of internal disagreements. It appears three CalPERS board members have voted against the project citing a study that the return on investment would be to low.

No plans have been filed with the city and no major tenant has been secured, both are required for financing. Will CalPERS drop the ball again? This could be CalPERS way of backing out of the project without saying perspective tenants aren’t eager to lease space like CalPERS had hoped. For over two year the proposed Vanir Tower, a 26-story high-rise on J Street also could not find perspective tenants to secure financing.

Tuesday, August 21, 2018

John E. Moss Federal Building Meets Historic Listing Criteria

John E. Moss Federal Building built in 1961 at 650 Capitol Mall

















A report from the General Services Administration (GSA) dated August 2018, determined that the John E. Moss Federal Building— located at 650 Capitol Mall in Sacramento — “meets National Register of Historic Places Criterion A and C, when evaluated within a local, state, and national context.”

http://sacmod.org/gsa-john-e-moss-federal-building-meets-historic-listing-criteria/

     John E. Moss Federal Building built in 1961 at 650 Capitol Mall

Monday, August 20, 2018

550-Foot-Tall Tower Proposal

CalPERS & CIM Group latest proposed drawing
 for 301 Capitol Mall
























The internet is already getting worked up into a frenzy about this new proposal for the former Towers site at 301 Capitol Mall. The SacBee’s reporting that this project would have 100 apartment and 737,000 square feet of office space in addition to some retail and an elevated public park. CalPERS has said they will commit $550 million to build a mixed-use tower along with CIM Group.
CalPERS & CIM Group latest proposed drawing for 301 Capitol Mall
















If you read the Sacramento Bee article, they say in the second paragraph to not expect any new construction cranes coming soon because the developer still needs to find enough tenants to lease (at least 50%) the tower before starting construction. In addition, no timeline has been mentioned for construction, so there is still no certainty this will actually be built. Unlike the 2016 proposal, CalPERS has committed a financial investment to move this process forward, so that is a positive.

I do prefer this proposal to the previous one in 2016, but it seems to be lacking something. The absence of other materials other than blue glass is underwhelming.

Monday, July 30, 2018

15Q Reaches 3rd Floor

D&S Development mixed use project at the corner of Q & 15th Street has completed it's third floor.
Birds eye view of 15Q project - 1430 Q Street, Sacramento, CA

Birds eye view of 15Q project - 1430 Q Street, Sacramento, CA

15Q project - 1430 Q Street, Sacramento, CA

15Q project - 1430 Q Street, Sacramento, CA

15Q project - 1430 Q Street, Sacramento, CA

Friday, July 27, 2018

19J Reaches 7th Floor

At a pace of one floor per month, 19J has reached the 7th floor. At this speed it should be topped out by November. It's good to see this is moving right along.

19J is a 11-story mixed use project on J Street in Midtown Sacramento
19J is a 11-story mixed use project on
 J Street in Midtown Sacramento

19J is a 11-story mixed use project on J Street in Midtown Sacramento

19J is a 11-story mixed use project on J Street in Midtown Sacramento

19J is a 11-story mixed use project on J Street in Midtown Sacramento
19J is a 11-story mixed use project on J Street in Midtown Sacramento

Thursday, July 26, 2018

Prep Work Begins For P Street High-Rise

Activity was see on the corner of 8th and O Street with backhoes digging on 8th Street and what appears to be four different window samples. This might really get going by Fall of this year. DGS Project Description 

Prep work at the corner of O & 8th Street for the P Street building

Prep work at the corner of O & 8th Street for the P Street building

Possible window sample on display at corner of O & 8th Street for P Street Bldg.

Possible window sample on display at corner of O & 8th Street for P Street Bldg.

The 140 year old Heilbron House at the corner of O & 7th Street will
 be restored and not moved from it's current location

The 140 year old Heilbron House at the corner of O & 7th Street will
 be restored and not moved from it's current location