Friday, May 23, 2014

16th Street Resurgence

CADA has really come through in the redevelopment of 16th Street. East End Gateway 2 & 3 has turned out better than I had hoped. It took seven years from proposal to completion and the results are fantastic. Development Costs $26 million.
East End Gateway 2 & 3

East End Gateway 2

East End Gateway 3

East End Gateway 2 & 3

16 Powerhouse is moving right along. Work is currently being done on 6th floor and the installation of windows. This high-end, six story complex with apartments going for $1,700 to $3,500 per month will be Sacramento's first privately funded midtown housing development at $16.4 million.
16 Powerhouse

16 Powerhouse

16 Powerhouse

The Warren is just starting to move the dirt around. This $34 million project is a far cry from what was proposed there in 2007 link. Construction ends first quarter 2015.
The Warren

Sacramento City Unified School District-owned property

Sacramento City Unified School District-owned property… several proposals being considered.

Thursday, May 22, 2014

16th and N Street Proposal

D&S Development has proposed developing Sacramento City Unified School District-owned property at 16th and N streets in midtown Sacramento into a 132-room boutique brand hotel topped by 30 penthouses, 50 apartments through adaptive re-use of the former school building on the site, 9,400 square feet of retail and 10 townhomes on the property. The Sacramento Business Journal is reporting, the D&S proposal would lease rather than buy the property at 1619 N St. for 100 years at $100,000 annually, with 5 percent increases every five years. In doing so, the development would infuse the property with far more long-term value for the district. Estimated to be a $60 million investment. Two other proposal are also being considered for the site, including another mixed-use housing project dubbed The Jefferson Midtown and a proposal dubbed the California Tribal Life Center, which would involve relocation and expansion of the existing Native American health center in midtown, a cultural center, office space and housing.

Wednesday, May 21, 2014

Kings Arena Approved

The Sacramento city council has approved the final Kings arena plan last night with a 7-2 vote. The city will now go ahead with selling $298.4 million in bonds for the $477 million project, with about $226 million of that ultimately coming out of the public’s pocket. Over the life of the Bond the city will pay $715 million in principal and interest.

Construction on the sports facility will break ground this summer and open in time for the 2016-17 season. The 17,500-seat arena will be slightly larger than the Kings' current aging facility.