On Wednesday the Sacramento Kings officially kicked off construction of their $477million downtown arena with plans to have it ready for the 2016-17 season. The Sacramento Bee has a great time lapse video showing demolition of the former Downtown Plaza from July through October 2014.
Time lapse Video of Downtown Plaza Demolition 4:48.
Thursday, October 30, 2014
Monday, October 13, 2014
|Panoramic photo from L Street at the former Downtown Plaza 10-12-2014|
Please click on the photo to view the image larger.
Wednesday, October 08, 2014
Last night the Sacramento City Council approved a pair of unanimous votes on the financing plan that would allow the 700 K project to move ahead. As stated in the SacramentoBusiness Journal, D&S Development and CFY Development, have said with some financing approvals for tax credits and bond allocations expected in December, construction on the project of apartments and retail should get underway in early 2016.
700 K would have 137 apartments, both affordable and market rate, in a building behind a row of existing retail spaces, totaling 75,000 square feet and up to 14 different businesses. Under the financing plan, developers will repay the city of Sacramento some money being loaned up front that the city would turn around and use to help other hoped-for projects in the downtown core surrounding the new arena site. The total cost of the project is estimated to be from $35.5 million to about $47.7 million.
Friday, October 03, 2014
After nearly a two year pause, the Sacramento courthouse proposal planned for the railyards at the corner of where H Street meets Sixths Street appears to be moving forward again. This week, the State of California bought 2.4 acres for $10 million. According to the Sacramento Business Journal, Court officials have estimated the cost to design and built a courthouse at $452 million, plans call for a 12-story building of 405,000 square feet, with 250 parking spaces and a basement.
The courthouse won’t get built for some time, but the judicial council gave authority this summer to begin working on legislation to appropriate money for courthouse design, but such legislation still needs to be approved by both the council and the state Legislature. In addition, the State has selected two firms to team up on building design, Nacht & Lewis and HOK.
|Property where Sacramento will build a $452 million courthouse.|