Saturday, June 14, 2014
The current Capitol Towers apartment mega block on 7th Street is slowly going through the review and entitlement process for a pair of 25 story high-rises and 22 story building. The Sacramento Business Journals reporting that the developer, Kennedy Wilson Inc., has released some renderings of the project. No public hearings have been scheduled yet. The proposal includes 1,200 new apartment and all ground floor villas would be demolished. Hopefully this project can break ground before the market correction.