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Capitol Park Hotel at 1125 9th St, Sacramento, CA
receiving a $58 million renovation |
In late January the former Capitol Park Hotel at 1125 9th Street in downtown Sacramento began the renovation process turning the hotel into a shelter for homeless. In 2019 the
Sacramento CityCouncil approved lending Mercy Housing California $13.37 million to buy the
hotel. The renovated building will have
134 studio apartments and expected to be completed in about 20 months. It's shocking what the cost to renovate the
units will cost at $445,000 each. A total
cost of $58 million to
only house 134 people. If it stays on budget, the project will come to
$1,100per square foot. Once the city, SHRA and Mercy Housing California convert the
Capitol Park Hotel into a triage center homeless shelter, “the City will
allocate $300,000 for overtime police presence in the area immediately
surrounding the rehousing shelter,” according to
council agenda documents.
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Capitol Park Hotel at 1125 9th St, Sacramento, CA
receiving a $58 million renovation |
The Capitol Park Hotel was originally built in 1912, the
building has had many purposes over the decades including as a furniture store
and warehouse, two separate hotels, and a business college. Known as the
Capitol Park Hotel since the 1960s, it was constructed as two separate
buildings connected on all but one of its floors.
Across the street there is a proposal for a 14-story Canopyby Hilton hotel.
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Capitol Park Hotel at 1125 9th St, Sacramento, CA
was originally built in 1912 |
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