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#