If it's "nationally known company that already has a presence in the Sacramento area.", my guess would be KB Homes through their relatively new KB Urban division which focuses on high density mid/high rise projects.
The county really wants to get rid of that building as soon as possible. I think I remember reading the mortgage on the property is 40K a month for the unused building.
No surprise the plan might call for a little more office than the last plan by DR Horton.
Bob Shallit: Pinch hitter on deck for 21-story loft project
By Bob Shallit - Bee Columnist
A "nationally known" developer soon could be stepping in to build a 21-story housing and office complex at a downtown site abandoned by Texas home builder D.R. Horton.
Sacramento County Supervisor Roger Dickinson confirms reports that talks are under way with another developer for the county-owned site at Eighth and I streets.
"Things are going quite well," he says of negotiations. "The hope is that within 30 days we can go back to the board and say we have an agreement, that we're back on track."
The project -- called Library Lofts -- got off track in September when Horton backed out of an agreement to buy the vacant building and replace it with a high-rise.
The new developer is looking to build "essentially the same project as Horton," Dickinson says.
The original plans called for about 300 condos, ground-floor retail and 40,000 square feet of office space, some of which would be occupied by county departments. The new plans call for "a little more office, a little less residential," says Dickinson.
The supervisor isn't revealing the identity of the new developer, but says it's a "nationally known company that already has a presence in the Sacramento area."