Wednesday, March 24, 2021

Capitol Park Hotel Renovation

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.

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.

Capitol Park Hotel at 1125 9th St, Sacramento, CA
was originally built in 1912


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