Wednesday, August 03, 2022

Sacramento County Courthouse Construction

Sac. County Courthouse looking east from I-5
The Sacramento County Courthouse is more than half way finished installing the curtain walls with two different window designs. The north facing side on G Street (front entrance) has a more traditional glass design, were as the south facing side is a more random window design. Just like the Federal Courthouse across the street, the backside of the building is a dead zone on the street level, making sure this whole block of H Street is lifeless. 

Sac. County Courthouse looking wast from 7th & F Streets

Sac. County Courthouse looking east from Hwy. 50 in W. Sac.

Sac. County Courthouse looking east from I-5

Sac. County Courthouse looking wast from H & 7th St.

Sac. County Courthouse looking wast from H & 7th St.

Sac. County Courthouse looking north from H Street

Sac. County Courthouse looking east from 5th St.

Sac. County Courthouse looking south from G & 5th St.

Sac. County Courthouse looking south from H Street

Sac. County Courthouse looking south from 5th Street

Sac. County Courthouse looking north from 5th & H Street

Sac. County Courthouse looking north from I Street

Sac. County Courthouse looking north from I Street

Sac. County Courthouse looking west from 7th Street

Sac. County Courthouse looking west from F & 7th Streets

Sac. County Courthouse looking west from F & 7th Streets

Tuesday, August 02, 2022

Tower Cranes at Aggie Square Project

Aggie Square Project along Second Ave. and Stockton Blvd.
After ground breaking in February, tower cranes are now in the air over he UC Davis Sacramento campus. This is the first phase of the development with two buildings, one for STEM research and the other for teaching.

Aggie Square Project along Second Ave. and Stockton Blvd.

Aggie Square Project along Second Ave. and Stockton Blvd.

Aggie Square Project along Second Ave. and Stockton Blvd.

Before

After

Thursday, July 21, 2022

For Sale - 301 Capitol Mall

The Sacramento Business Journal is reporting that the CalPERS owned block at 301 Capitol Mall is for sale. No price for the full city block has been given but Turton Commercial Real Estate says they have received more than a dozen inquires and confident offers will follow soon. CalPERS has owned the land since 2007 when they bought out John Saca during the unsuccessful development of two 53-story towers.

It's being marketed as the single best development site in the central city even though nothing has been built there after several high-rise office tower proposals. Turton Commercial believes “any project on the site would need to be at least 500,000 to 600,000 square feet”.

 Here's a link to the broker's flyer. https://files.constantcontact.com/17...c.pdf?rdr=true

Wednesday, July 13, 2022

Colliers Sacramento Office Snapshot: Q2 2022

Sacramento Office Development Pipeline
After two years of occupancy losses, Sacramento posted it's first positive quarter since Q2 2020. It is possible we could see it turn negative again in the second half of this year as the State of California consolidated into new construction and it's overall plans to reduce office footprints by 20 percent (2.8 MSF) in the next few years. According to the Colliers report, the future of work will create uncertainty for the office marker moving forward despite it's current shift in the right direction locally. Read more here: Colliers Sacramento Office Snapshot: Q1 2022

Tuesday, June 14, 2022

Private and Venture Capital Investing

Are you curious about where private and venture capital are investing on the west coast? The Bay Area, with San Francisco receiving the most year-to-date at over $4 billion, Sacramento around $4 million. Read more here: Northwest Colliers Q2 Market Insights


Monday, May 09, 2022

Capitol Annex Demolition

Eastern entrance to the State Capitol and the Annex
portion that is slated to be torn down.
It appears the demolition of the eastern portion of the State Capitol is under way as both the stairs and portions of the granite exterior are being removed as part of the billion-dollar-plus project. While the legislature and Governor have already moved ahead making decisions about the Annex plans behind closed doors, three lawsuits are still pending to challenge the legality of the effort and could end up halting work midway. 

I find it very odd to walk around the construction site and not seeing a single sign posted about the project, almost as if the legislators are ashamed. All the other state offices being built in town have giant posters with pictures showing what will be constructed there someday. Even the monthly newsletter concerning this project have not been sent out in over two years. Remember, this is a $1.4 billion restoration, rehabilitation or reconstruction of the current State Capitol Annex. Estimated completion date in 2025.

There is very little known about what will actually be built once completed. These are some links I found useful. 

California lawmakers consider proposal for new billion-dollar Capitol Annex building (Architect's rendering)

State Capitol Annex Project (DGS)

A overview map of all the underground construction and
size of the new Capitol Annex building


Southern side to the State Capitol where an
underground parking garage will be built.


Northeastern side to the State Capitol Annex
that is slated to be demolished.

Eastern side to the State Capitol Annex
that is slated to be demolished.

Southeastern side to the State Capitol Annex where an
underground parking garage will be built.

Southeastern side to the State Capitol Annex where an
underground parking garage will be built.

Southern side to the State Capitol Annex where an
underground parking garage will be built.

Southern side to the State Capitol Annex where an
underground parking garage will be built to the sidewalk.

Southwestern side to the State Capitol where an
underground parking garage will be built.

Western side to the State Capitol Annex where an
underground visitors center will be built.

Northern side to the State Capitol Annex that appears
 to be a staging area for construction.

Northern side to the State Capitol Annex that appears
 to be a staging area for construction.

Friday, May 06, 2022

1508 S Street Mixed-Use - 15S

15S seven-story mixed-use at 15 & S Streets
A new seven-story, mixed-use project is rising at 15th & S Street. After the demolition of six existing structures, the new building will have 12,800sf of ground floor commercial and 137 housing units, 69 parking space with a mechanized lift.

15S seven-story mixed-use at 15 & S Streets
15S seven-story mixed-use at 15 & S Streets