Thursday, December 31, 2015

Golden 1 Center & Plaza Tower Construction Photos

Downtown Sacramento with 100 mile visibility behind to the Sierras panoramic


Tower Plaza construction cranes on J Street


Tower Plaza construction cranes on J Street

Tower Plaza construction crane and foundation work

Tower Plaza construction crane and Golden 1 Center.

Tower Plaza construction cranes on J Street

Golden 1 Center Construction off 5th Street

Tower Plaza construction

Tower Plaza construction cranes off 5th Street

Tower Plaza construction cranes off 5th Street

Tower Plaza construction site.

Golden 1 Center exterior panels

Golden 1 Center at corner of L & 5th Streets

Golden 1 Center exterior panels

Golden 1 Center exterior panels

Plaza Tower cranes over downtown Sacramento from West Sacramento

Plaza Tower cranes over downtown Sacramento from West Sacramento

Plaza Tower cranes over downtown Sacramento from Natomas

Plaza Tower cranes over downtown Sacramento from Natomas


Plaza Tower cranes over downtown Sacramento from Natomas panoramic

Plaza Tower cranes over downtown Sacramento from Park Tower parking garage

Wednesday, December 02, 2015

Boutique Hotel Planned By Paragary

Paragary's proposed hotel at 28th and Capitol Ave.













Randy Paragary is planning to build a six-story hotel at current site of Cafe Bernardo at 28th & Capitol Ave. with an opening date in early 2018. According to the Sacramento Bee, this will be midtown's first upscale hotel. Before the $20 million 107-room hotel project  can proceed, demolition of two structures, the Capitol Physical Therapy office and the 90 year old Cafe Bernardo building will have to be approved. The application is expected to be submitted to the city today.
Paragary's proposed hotel at 28th and Capitol Ave.


Read more here: http://www.sacbee.com/news/business/biz-columns-blogs/bob-shallit/article47449790.html#storylink=cp

Paragary's proposed hotel at 28th and Capitol Ave.

Tuesday, December 01, 2015

$180 million Soccer Stadium Revealed

Tonight before the City Council the Republic FC requested and received approval of a preliminary term sheet outlining the high-level details of the stadium construction in the Sacramento Railyards. Team officials said they would privately finance the construction budget but they are crediting public agencies with an additional $46 million on top of the $180 million number in infrastructure improvements made throughout the railyard site.
Proposed $180 million Sacramento Soccer Stadium









The planned $180 million Major League Soccer stadium in Sacramento’s downtown railyard would seat 25,000. If Sacramento was awarded a MLS expansion team next year, the stadium could be opened by March 2018. The Republic FC has said they are not seeking a subsidy from the city, the City Council is being asked for $100,000 in hotel tax revenue to fund consulting work for the project and to split revenue with the city on a parking structure that may be built on city property near the stadium. 
Proposed $180 million Sacramento Soccer Stadium

Proposed $180 million Sacramento Soccer Stadium

Proposed $180 million Sacramento Soccer Stadium








Monday, November 23, 2015

Powerhouse Science Center

After nearly a decade, it appears the science museum will have the first of two phases of construction completed in fall 2017. The Sacramento Magazines reporting that of the $90 million needed to complete the project, $34 million has been raised from corporate sponsors, government grants and other sources; $7 million more is needed to pay for the first phase of construction. The project promises two buildings with a planetarium and nature center. A bond sale is planned for the end of this year to secure financing with groundbreaking expected for Spring of 2016.

Dreyfuss & Blackford Architects
Developer: Carson Development Company
Science Center: 42,000 sq ft
Learning Center: 5,000 sq ft
Restaurant & Conf. Center: 14,000 sq ft
Completion Fall 2017 



Rendering of Powerhouse Science Center












PG&E Company Sacramento River Power Station 1912

Friday, November 20, 2015

i15 Project Cancelled

i15, a mixed-use project of eight stories at 1431 I St.






















After nearly a 1 1/2 years of planning, D&S development has cancelled a mixed-use project planned for I Street. According to The Sacramento Bee, the reason is that the 8000 SF site is to small. The location is now up for sale asking $1.595 million. D&S Development has successfully completed other projects in the downtown area including 16Powerhouse and the now under construction 700 K Street.

Monday, November 16, 2015

Vanir Tower Could Go Taller?

According to the Sacramento Business Journal, the Vanir Tower could go taller. Really? Seems far fetched to me considering they have not spent one cent to start the entitlement process with the city in the year since the the tower was proposed. What's also strange is that the Vanir Group says that entitlement process will take at least two years when in reality it should take no longer than 9 to 12 months.

I've been watching this whole developer/proposal/publicly/flame-out process in Sacramento for over 30 years now and so far this proposal sounds no different than many other developers who stalled out but told the public a different story. I'm using history as my guide, but I hope I'm wrong. The comments I received from my last post about this tower were pretty brutal, one guy told the developer to put your money where your mouth is... maybe they will now?

Thursday, November 12, 2015

700 K Street

Foundation work is underway for the 137 apartments to be built on the alley behind the K Street buildings. This $55 million project will have a combination mixed-rate and affordable housing.

700 K Street Sacramento, CA

700 K Street Sacramento, CA

Thursday, November 05, 2015

Vanir Tower Project "inactive"

Proposed Vanir Tower at 601 J Street - Sacramento, CA



As of yesterday, the Vanir Tower project has not submitted any revised plans to the city after withdrawing them shortly after November of last year. A city planner has labeled the project as "inactive" because they haven’t worked on the project for several months. In my opinion, this is a big indicator that despite being located across the street from new Golden 1 Center, the downtown office market vacancy rate is still to high to absorb a project of this size.  Colliers-Sacramento predicts that Class A asking rates will increase 4% year-over-year due to activity surrounding the Golden 1 Center. As of the end of the third quarter, there is currently 813,617 SF vacant class A office space in downtown and another 586,408 SF vacant class B office space open. Combined, that’s about the size of 3 ½ 25 story towers vacant in downtown. Even with all the improvements the market has shown from several years ago, actual rents are not currently at a level high enough to justify new construction.

Wednesday, November 04, 2015

Second Street & Capitol Mall Connector Update

Construction of the 2nd Street and Capitol Mall Connector Bridge providing a new entrance for cars, bicycles, and pedestrians into Old Sacramento from Capitol Mall at 2nd Street and Neasham Circle. Improvements to the Capitol Mall Bridge over I-5 include the addition of green bike lanes, wider sidewalks, and street planters. The project will also include the construction of wider sidewalks and new railings on the O Street Bridge across I-5 adjacent to the Crocker Art Museum. Expected to be completed in fall of 2016.

2nd Street and Capitol Mall Connector Bridge
2nd Street and Capitol Mall Connector Bridge

Proposed 2nd Street and Capitol Mall Connector Bridge Project

Friday, October 30, 2015

Golden 1 Center Construction Photos

Current work being done on the arena includes installation of rebar for elevated concrete deck pours at Main Entrance. Installation of raker beams in the lower bowl to support lower bowl concrete stadia. Mechanical, electrical, plumbing and fire protection rough-in. Installation of the upper bowl HVAC ductwork. Interior metal stud wall framing. Interior drywall installation at mechanical and electrical rooms. Exterior metal stud wall framing at low roof parapets. Installation of exterior fa├žade metal panel and glazing systems. Installation and connection of underground utilities at L and J Streets. Under-slab plumbing and rebar installation for event level slab pours. Installation of roofing at the Practice Facility and arena low roof. Source

Golden 1 Center Construction seen from the 12th floor of 555 Capitol Mall

Golden 1 Center Construction seen from the 12th floor of 555 Capitol Mall

Golden 1 Center 5th & L Street

Golden 1 Center 6th & L Street

Golden 1 Center at 7th & K Street

Golden 1 Center at 5th Street

Golden 1 Center 5th & L Street

Golden 1 Center 5th & J Street

Golden 1 Center 5th & J Street

Golden 1 Center at J Street

Golden 1 Center at J Street

Golden 1 Center from Embassy Suites on Capitol Mall

Sacramento skyline seen from Yolo Bypass Wildlife Area