Tuesday, November 19, 2019

Historic District Plans Updated

Tomorrow the Preservation Commission will meet to discuss The Historic District Plans for all 32 of the City’s historic districts and updates the Sacramento Register of Historic and Cultural Resources. Pg. 18 of the report shows the Historic District map in various stages of status for recommended additions and removal. If you choose to review the report, there are many great old time photos of the city and background as to why some districts are that way. 

 https://sacramento.granicus.com/MetaViewer.php?view_id=21&event_id=3576&meta_id=570317

Historic District Map of Sacramento

Tuesday, November 05, 2019

Sacramento's Tallest Sold For $198.8 million


Well Fargo Center - 400 Capitol Mall, Sacramento CA


This is another milestone, setting a new market record for overall price; the 30-story high-rise was sold for $198.8 million to Singapore-based real estate investment trust. This is one of those ‘put your money where your mouth is’ moments demonstrating that market confidence is high. There have been several large sales in the last several years of downtown high-rise office. According the Sacramento Business Journal, the overall price is the recent sale of 400 Capitol Mall is a new record, its valuation of $395 per square foot for the 502,365-square-foot building is still below the record on that basis; U.S Bank Tower at 621 Capitol Mall sold for $161 million, or about $439 a square foot, last year.

2019 - 400 Capitol Mall, Wells Fargo Center sold for$198.8 million
2019 - 300 Capitol Mall, Emerald Tower sold for $127 million
2018 - 621 Capitol Mall, US Bank Tower sold for $161 million
2017 - 980 9th Street, Park Tower sold for $120.5 million
2016 - 400 Capitol Mall, Wells Fargo Center sold for $175.5 million
2016 - 801 K Street, Renaissance Tower sold for $80 million

Well Fargo Center - 400 Capitol Mall, Sacramento CA

Well Fargo Center under construction 1991 - Photo by me

Well Fargo Center under construction 1991 - Photo by me


Well Fargo Center under construction 1991 - Photo by me

Well Fargo Center under construction 1991 - Photo by me

Monday, November 04, 2019

11th & J Street Mixed-Use Proposal

Proposed Anthem Cathedral Square would mixed-use with 153 apt.
After many decades of being in decline, it looks as if this rough stretch of J Street will get a project the market can support. The proposal named Anthem Cathedral Square will be a seven-story mixed-use structure with 153 apartments with retail space on the ground floor. As reported by The SacBee, this proposal would be mid-range of market rate so they will be affordable to more people. It will replace three largely empty and outdated buildings that cover more than half of the block on J Street.
Proposed Anthem Cathedral Square would mixed-use with 153 apt.

For those who wanted more from this site, like a high-rise, this is something the market does not support. Anthem looked into building a 20-story high-rise but they found it was to expensive. This finding is historically correct, back in 2006 developers St Anton / Cordano Company proposed a 26 Stories, 233 Units with 15K Retail and that never left the drawing board. I hope the developer can get this going soon while the  economy is still strong. 

Wednesday, October 23, 2019

Sacramento Skyline Photos

Construction cranes in the Sacramento skyline

Taken on County Road 102 in Yolo County of Sacramento skyline
Sacramento skyline from Hwy. 50 Pioneer Bridge in West Sac.

Monday, October 21, 2019

Sacramento Celebrates Landing MLS

After a long road of being passed over for a franchise several times, today Major League Soccer will awarded Sacramento the 29th team. The FC Republic will make its MLS debut in 2022 at a soon-to-be-under construction $525 million stadium in the railyards. The city will contribute/gift the developer $33 million in tax refunds, waived fees and administrative costs also known as subsidies.

The stadium is expected to include capacity for approximately 18,000 seats with expandability to 21,000 seats, including premium areas.  Capital Mall is closed down from 3rd Street to 5th Street as Sac Republic FC is setting up for a block party in celebration of the expected announcement Monday morning.

Monday, October 14, 2019

Natural Resources Headquarters Construction

From the Sacramento river the Natural Resources high-rise has topped out 


The vertical steel has reached the 21st floor and now the glass curtain wall is now being installed. From what I have seen of the glass so far, I like the how there is some color panels and definition by a vertical slats. The steel work used a total of  10,000 Tons of Steel (17,500 Pieces)

Off Hours Construction WorkConstruction is planned for Tuesday, October 15 - 4am Concrete Placement

Click here, here & here to access the construction schedule and other important information.

From the 20th floor of the Sheraton Natural Resources high-rise has topped out 

From Towenship Nine the Natural Resources high-rise has topped out 

From North Seventh Street the Natural Resources high-rise has topped out 

Glass curtain installation on the Natural Resources high-rise 

From Capitol Towers 12 floor the Natural Resources
high-rise has topped out 

Up close steel frame of the Natural Resources high-rise  

Up close steel frame of the Natural Resources high-rise 

Up close steel frame of the Natural Resources high-rise 

Steel frame of the Natural Resources high-rise 

Steel frame of the Natural Resources high-rise 

New installed glass on the Natural Resources high-rise 

New installed glass on the Natural Resources high-rise

Seen from Pioneer Bridge of Natural Resources high-rise

Seen from Pioneer Bridge of Natural Resources high-rise

Seen from West Sacramento of Natural Resources high-rise


Friday, October 11, 2019

10th & O Street ‘Swing Space’ Construction

Cranes in the air building the 10th & O Street 'Swing Space' office Bldg.
Construction on the State of California ‘Swing Space’ Office Building is moving right along. The mid-rise will be 10 stories with 472,000SF of office space at a cost of $423.6 million. When completed in fall of 2021, it will be used as temporary office space for legislative and executive elected officials and staff from the Capitol Annex until the new Annex project is completed. Read more here & here.

Cranes in the air building the 10th & O Street 'Swing Space' office Bldg.

10th & O Street 'Swing Space' office Bldg. construction

10th & O Street 'Swing Space' office Bldg. construction

10th & O Street 'Swing Space' office Bldg. construction

10th & O Street 'Swing Space' office Bldg. construction

10th & O Street 'Swing Space' office Bldg. construction

10th & O Street 'Swing Space' office Bldg. construction
Rendering of 10th & O Street 'Swing Space' office bldg.

Rendering of 10th & O Street 'Swing Space' office bldg.

Rendering of 10th & O Street 'Swing Space' office bldg.