At the corner of 15th and K Street a 300 room hotel has been proposed. Yahoo! News mentions that the project would include a pedestrian bridge to connect to the Convention Center, a roof top bar/restaurant and 28 residential units over four floors. The land is currently a parking lot owned by AKT Development. The projects sponsor is reported to be Gafcon Construction firm. Gafcon will partner with Tony Giannoni who has lead previous Sacramento construction projects such as Sutter Health corporate headquarters, the Meridian Plaza and the Residence Inn.
It appears there have been no plans have filed with the city
planning department, estimated cost, or estimate for ground breaking. It’s
mentioned in the article that the developer will be asking the City for a subsidy
from the current 12% tax by stays in the new hotel to help fund the project.
Back in 2017, the then proposed Convention Center renovation also include
plans for a K Street hotel. At the time no developer was named to build the 350-rooms standing 300 feet tall. http://livinginurbansac.blogspot.com/2017/12/sacramento-convention-center-expansion.html
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