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| Proposed Anthem Cathedral Square would mixed-use with 153 apt. |
After many decades of being in decline, it looks as if this
rough stretch of J Street will get a project the market can support. The
proposal named Anthem Cathedral Square will be a seven-story mixed-use
structure with 153 apartments with retail space on the ground floor. As
reported by
The SacBee, this proposal would be mid-range of market rate so they
will be affordable to more people. It will replace three largely empty and
outdated buildings that cover more than half of the block on J Street.
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| Proposed Anthem Cathedral Square would mixed-use with 153 apt. |
For those who wanted more from this site, like a high-rise,
this is something the market does not support. Anthem looked into building a
20-story high-rise but they found it was to expensive. This finding is historically
correct, back in 2006 developers St Anton / Cordano Company proposed a 26
Stories, 233 Units with 15K Retail and that never left the drawing board. I
hope the developer can get this going soon while the economy is still strong.
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1 comment:
These kind of projects in the downtown JKL corridor are crucial for the survival of all that retail/bars & restaurants in DOCO and K Street, as well as creating some sense of community after working hours. Without 1k+ more full-time residents near the JKL proximity, I don't see those new businesses on K & DOCO making it very long... particularly if there is an economic downturn. Would hate to see another chapter of K street failures.
Also, this particular block of J has been dead and blighted for decades and helps form one's impression of downtown Sacramento as they exit from I5... aka not good.
Like you, I really hope this gets off the ground, as well as a similar (modest) project is accelerated at the stalled Metropolitan site.
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