Lot-X Proposal Plans Revised

Southern Land Co. who originally proposed a 32 story residential tower and 5 story office has now revised the plans to include a 26 story tower and a 14 story building. The shorter building is replaced by  the 14 story building and the 32-story is now 26-story.  The developer plans to release more details in the coming months and the start construction in the second half to 2023. I believe shorter towers have a better chance of being built in Sacramento, and history has shown us this. I will be both shocked and pleased to see this proposal built. Sacramento Business Journal

Mid-Rise Apt. Proposed Along American River

In the River District along the American River, residential towers have been proposed with a total on 826 units. The development is proposed on Burcut Drive off Richards Blvd. which is currently a warehouse area and is currently a tough part of town to be in day or night. The location is right up next to I-5 and the upper floors looking west will hear and see 10 lanes of freeway traffic 24/7.

This proposal named American River One would include two towers nearly 200 feet tall, a third tower 150 feet tall and another tower at 109 feet tall. No plans have been submitted to the city or cost estimate for construction. 

Township 9 - Marketing Office/Biotech Lab space for lease

Township 9 is currently owned by 29th Street Capital. Phase C is on the south side of the site located at the light rail stop and runs along Richards Boulevard directly across the street from the 1.3MM SF State of California office complex slated to be delivered in 2025 and house 5,000 employees. The west half of the Phase C will be comprised of a 120,000 SF biotech office building.

R Street Affordable Housing Project

805 R Street Affordable Housing

Mutual Housing California and Capitol Area Development Authority (CADA) is moving forward with the state of California to develop a 242-unit affordable housing project at Eighth and R streets near Downtown Sacramento. The seven-story building at 805 R Street would rise at the existing site of warehouse that would be demolished. The mixed-use building would offer 242 residential units at affordable rates, two commercial space of 3,400 square feet and 35 parking spaces. Construction could begin in late 2023 with an estimated cost of $125 million.

The Gateway at Q

At the corner of 21^st and Q Streets across from the vacant Sacramento Bee headquarters, a six story mixed-use building has been approved for construction. The projects a 290,000 square foot building witg 246 residential units and 68 feet tall. No timeline for construction has been given or cost to build.

905 S Street Mixed Use Proposal

Another good looking proposal is in the works on S Street. This would be a seven story residential building with 225 rental units and 6,409 sf of commercial use and expected to cost about $55 million. Construction expected to begin next year.

Eight-Story Housing Proposal

With only three new tires stores left in the downtown Sacramento grid, it appears the Goodyear at 1121 I Street will be replaced with an eight-story mixed-use building. After demolition of the tire shop, the new building with 204 apartments would be 85 feet tall and 223,820 square feet. For more information visit the https://sacramento.agencycounter.com website. No cost or timeframe has been given for this proposal.

Colliers Sacramento Office Snapshot: Q3 2022

Sacramento office market demand dropped deeply Q3 2022 

Sacramento’s office market saw a deep drop in tenant demand in the third quarter and went into negative territory. As reported by ColliersSacramento, the market net absorption fell to its lowest total in 22 years as tenant demand wavers. Sacramento recorded a -646,086 square feet surpassing 2.9 million square feet and more than five percent of the markets inventory. Colliers also reporting that it’s unlikely to move towards stabilization until mid-year 2023.

BOE Building Waiting For Renovation

Is the Board of Equalization (BOE) building at 450 N Street ever going to be renovated? It’s actually on a state of California list to be repaired but it’s only ranked as 12^th among those with the greatest need. The 24-story office was completed in 1993, but since 1994 the building has experienced maintenance problems including water intrusion, visible mold, corrosion in drainage pipes, and spandrel glass panels falling from the building.

Capitol Square - 450 N Street, Sacramento, CA 95814

The original cost of the building was $79 million, today the cost to renovate are estimated to be over $100 million. As of 2015, General Services have already spent $70 million in repairs.

https://pdfsecret.com/download/board-of-equalization-facilities-state-of-california_59f82bd8d64ab28ae24d662e_pdf

https://lao.ca.gov/Publications/Report/3516

https://capitolweekly.net/boe-headquarters-falling-plaster-shattered-glass-even-bats/

 https://www.kcra.com/article/state-workers-want-new-structure-to-replace-boe-building/6414491#

Resources Building $461 Million Renovation

This fifty eight year old State owned office building is currently undergoing a $461 million dollar renovation. Built in 1964, the Post War International Style building was the tallest structure on the Sacramento skyline when completed the fourth largest office building west of Chicago. The 17-story 657,000-square-foot building cost $15 million to construct at the time.

Resources Building 1416 9th Street, Sacramento 95814

Due to its age, the Resources Building at 1416 9th Street, Sacramento, CA 95814 is considered historic and subject to review by the State Historic Preservation Office. It will cost $688 per square foot to renovate the building and is scheduled to be completed in spring of 2025. This project includes changes required to meet current occupant life safety codes, seismic deficiencies, and occupant health requirements. Back in 2015 the estimated cost for renovation was $155 million, ten times the structure’s original cost.

Resources Building 1416 9th Street, Sacramento 95814

Below are some links for further information. 

https://esd.dof.ca.gov/Documents/bcp/2122/FY2122_ORG7760_BCP4206.pdf

https://www.dgs.ca.gov/RESD/Events/Page-Content/Events-List-Folder/5867-DBE-RFQ-for-Resources-Building-Renovation-DGS-Sacramento

https://www.turnerconstruction.com/news/item/b31f/Turner-Construction-Company-AC-Martin-and-HGA-Design-Build-Team-Selected-for-Major-Renovation-of-Existing-Resources-Building

https://www.google.com/search?q=CA+Resources+Building+Rehab+SACRAMENTO&rlz=1C1GCEV_en&oq=CA+Resources+Building+Rehab+SACRAMENTO&aqs=chrome..69i57j69i64.5182j0j15&sourceid=chrome&ie=UTF-8

Arco Arena Demolition

Demolition of Arco Arena is ongoing as the former home of the Sacramento Kings is nearly leveled. 

Seen from Arena Blvd. by I-5, demolition crews
 are taking down Arco Arena

Parking pay booth for Arco Arena

Over grown parking lot at Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

Demolition crews are taking down Arco Arena

 

Broadway Bridge Project

Sacramento Broadway Bridge seen from Pioneer Bridge

Both the City of Sacramento and West Sacramento have approved the preliminary design for the Broadway Bridge Project. The new  Sacramento River crossing immediately south of Pioneer Bridge could possibly be completed between 2030 and 2035. The estimated bridge construction cost is currently $278 million, but that will most likely rise as these things do until a contractor is chosen and date is set to begin.

Arco Arena Demolition

After I heard that the demolition had begun, I had to stop by one last time to see what was once Sacramento's premier entrainment venue. So many great memories, and all the best ones were with my Papa. 

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