Tuesday, July 26, 2016

MAY Building Opening Event

MAY Building - 1029 K Street Sacramento

Completed in 1911 and known as the Parkview Apartments, today the Sutter Capital Group will celebrate the completion of this multi-million dollar renovation, which includes 21 historic apartments and renaming it the MAY Building to reconnect the building to its historic past. The apartments are luxury residences by preserving as much of the original historic detail as possible (crown moldings, case work, covered ceilings, etc.) while combining those elements with modern mechanical systems and luxury.

MAY Building - 1029 K Street Sacramento

The former Pyramid space on the ground floor is still vacant, but after 1 ½ years of renovations, the building looks great including the Capitol Events Center that holds up to 200 people located on the northern portion of the site. The project is entirely privately funded i.e. no redevelopment, CADA or other public financing which is a bit of a rarity in Sacramento urban core redevelopment and development projects.

MAY Building - 1029 K Street Sacramento

MAY Building - 1029 K Street Sacramento

MAY Building - 1029 K Street Sacramento

Thursday, July 14, 2016

$1.3 Billion For Three Projects

California’s new state budget has big plans for Sacramento. The Department of General Services believes one of the three projects proposed will be underway before Governor Brown leaves office and within the urban core. The $1.3 Billion includes:

– A new 650,000-square-foot office building to house about 2,800 employees currently in the aging state Resources and Bonderson buildings downtown;

– A new 205,000-square-foot office building for 1,100 employees in the Bateson building, another aging state structure

– Renovation or replacement of the Capitol’s eastern annex, which dates to the 1950s.

According to the Sacramento Business Journal, “Within a year, we’ll have a much better idea of what it’s all going to look like with work underway within two and half years.” I personally hope they do not demolish the Resources Building at 1416 9th Street.  Yes, it is in horrible condition and needs some serious work, but it’s bones are strong and can be upgraded like many other offices in the downtown area like both the two 18 story towers at 714 P Street and the DMV headquarters on Broadway in 2010. If torn down, it will be a loss to the cities already struggling skyline.

UPDATE: The Planning and Design Commission won’t be reviewing the Vanir Tower project till maybe September.

State Building 8 & 9 on the left with the Resources Building in the center
and State Capitol on the right.