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Hotel Berry, 729 L Street, Sacramento, CA 95814 |
Last spring, the 83-year-old Hotel Berry began
renovations at a cost of $24.5 million to completely renovate and modernize the
historic hotel. The depression-era six-story mixed use hotel had fallen into severe
disrepair, but after being bought by Jamboree Housing Corporation in 2007 for
$5 million, the agency was able to finance the project with $13.6 million in
tax credit equity, $10.1 million in permanent financing from Sacramento Housing
and Redevelopment Agency and $500,000 in federal weatherization funds. U.S.
Bank provided $5.5 million in construction financing.
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| Hotel Berry, 729 L Street, Sacramento, CA 95814 - 1926 |
The historic hotel was built in 1929; the Berry
was once a functioning hotel but has been used as low-income housing for single
occupants since the 1960s. At that time, there were about 2,300 single-room
occupancy apartments in the city. With 104 Single Room Occupancy (SRO) studios
and a manager’s unit, the total cost break down per room is $240,000 per unit
to renovate. The hotel is scheduled for
completion in the next 4 to 6 weeks and now called The Studios at Hotel Berry.
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Hotel Berry, 729 L Street, Sacramento, CA 95814 |
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Hotel Berry, 729 L Street, Sacramento, CA 95814 - 1926 |
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5 comments:
At 240,000 per unit someone within this financing fiasco just got rich.
I love that even though they did do a lot of hotel renovations they were able to keep it somewhat authentic and make it sill a little vintage looking. They did a great job at touching it up and making it look great! It looks like a great and fun hotel to stay at! Me and my husband love staying at classic hotels such as this one!
Hate to break it to you Suzy but the Hotel Berry is no longer a hotel even though Hotel is in the name. It's now for low income people. Monthly rent will be between $394 and $591... http://sacselfhelp.org/sshh/images/hotel%20berry.pdf
Love the pictures of the vintage sac buildings... And glad at least they are using these buildings for something other than scrap
How long did it take to do the hotel renovations? I'm guessing that with something as big and old as this hotel it would take some time.
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