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| 601 Capitol Mall Mixed-use development |
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| 601 Capitol Mall Mixed-use development |
Wednesday, July 31, 2019
Construction By Years End
Monday, July 29, 2019
Wednesday, July 17, 2019
I Street Bridge Redesign Plans
Four design concepts are ready
for public feedback for the new I Street bridge. There were originally nine designs
in April but after receiving feedback, the number was narrowed down to four. KCRA report
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| The Thru concept is the least expensive option at $150 million |
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| The Spring concept is priced at $180 million |
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| The Solar Arch concept is $250 million with the most iconic structure |
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| The Spring concept is also priced at $180 million |
Friday, July 12, 2019
Tower 301 CEQA & Draft EIR
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| Proposed Tower 301 on Capitol Mall, 557' tall and 31 floors |
The Draft Environmental Impact Report (EIR) for the Tower
301 Project (P18-078) located at 301 Capitol Mall is available to view and
comment. The Comment Period is from July 3, 2019 to August 19, 2019.
http://www.cityofsacramento.org/Community-Development/Planning/Environmental/Impact-Reports
If you read the Colliers Sacramento Market Q2 2019 Office Market Report Final, it says, “Market vacancy rate is now at a 17 year low. Downtown tenants in Class-A high-rise floors facing $3.50/SF rents or higher will seriously consider relocation options in Natomas or other nearby suburban submarkets to cut costs or find more efficient space. ”I would guess this will make it harder fill the proposed Tower 301 where rents are quite a bit higher than 3.50/SF.
In my opinion, its tall but underwhelming. The proposed tower does not give any since of place or add anything unique to Capitol Mall. I had hoped a beautiful building would be proposed at the foot of Capitol Mall, and this is not it. The proposal would not have to be tall, just unique and attractive like the Emerald Tower across the street. Have you seen some of the other dynamic high-rises cities are getting lately when developers spend $500 million or less? For some reason Sacramento just does not inspire architects.
http://www.cityofsacramento.org/Community-Development/Planning/Environmental/Impact-Reports
If you read the Colliers Sacramento Market Q2 2019 Office Market Report Final, it says, “Market vacancy rate is now at a 17 year low. Downtown tenants in Class-A high-rise floors facing $3.50/SF rents or higher will seriously consider relocation options in Natomas or other nearby suburban submarkets to cut costs or find more efficient space. ”I would guess this will make it harder fill the proposed Tower 301 where rents are quite a bit higher than 3.50/SF.
In my opinion, its tall but underwhelming. The proposed tower does not give any since of place or add anything unique to Capitol Mall. I had hoped a beautiful building would be proposed at the foot of Capitol Mall, and this is not it. The proposal would not have to be tall, just unique and attractive like the Emerald Tower across the street. Have you seen some of the other dynamic high-rises cities are getting lately when developers spend $500 million or less? For some reason Sacramento just does not inspire architects.
Wednesday, July 03, 2019
Colliers Sacramento Office Snapshot: Q2 2019
Looks
like another healthy quarter for Sacramento’s office market. Vacancy is at its
lowest percentage since 2002 and the asking rate PSF/Month continues to rise. ColliersSacramento Research Department has the city looking very good.
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| Colliers Sacramento Office Snapshot: Q2 2019 |
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