A little while ago we talked about what could help Broadway with the departure of Tower Records and the topic of housing on Broadway came up.
This could be a big catalyst if successful. That lot has a big advantage being a block from lightrail and by some of my favorite places to eat on Broadway.
I hope the developer doesn't stick a Jamba Juice or Starbucks national chain type place on that cafe corner spot. Give us something unique. I want a duck hanging out the window, dim sum taking out, cha siu grubbin, dumpling soup drinking place.
The live work units are a really nice touch on the 19th street side. I'm curious to see what type of people would be interested in living and working there.
On the way, Avid Reader is looking to move into the old Tower Books location. The former Tower Records site seems to be a hot location, so I have to imagine something good will wind up there in the near future, though a national music retailer recntly pulled out, which I don't think is all that bad. A local would be much better in that spot. The buildings themselves don't look that great, so a spruce up of the buildings should be in order.
Broadway sways between two different identities to me... Could we see Broadway become a little more like Main Street in Flushing, NY? It already has a big headstart in that area. Will it become more like "Broadway" with another theater or performace venue entering the picture? A nice investment to the Tower Theatre by our good freinds as Redding would be nice..don't hold your breath though.
Or maybe a mix of both?
There are a lot of buildings that make a pedestrian friendly environment tough, the surface lots along Broadway provide opportunities to close some gaps though. This is a good start.
Bob Shallit: Broadway station to get new neighbors
By Bob Shallit - Bee Columnist
Sacramento's infill residential craze may soon be extending to the city's Tower District on Broadway.
A newly formed development company, Millennium Real Estate Services, has just acquired half a block at the northeast corner of 19th Street and Broadway and plans a $22 million, mixed-used project that would include five live-work condos and 64 apartment units, as well as retail and office space.
"We want this to be a model for transit-oriented development," says developer Marc Jasso, noting that the project is right across the street from the Broadway light-rail station.
The housing units will target people who want to take public transit to jobs downtown. Some retail services in the project also will be directed at commuters.
It's the first development project for Jasso, who in the past has consulted on retail projects outside of Sacramento. His goal is to form a real estate investment trust with the Broadway property as part of its portfolio.
Jasso and his partner, Larry Lipp, closed two weeks ago on the $3.4 million site purchase brokered by Rob Cole and Bill Newland of Grubb & Ellis Co.
The developers aim to submit plans to the city in the next several months, then begin a two-stage development process. The first will be construction of a four-story office building and retail shops on the northern portion of the site. The office building will be occupied by two tenants now in buildings on the south side of the Millennium parcel.
After the move-in, the tenants' old buildings will be demolished and work will begin on that portion of the project.