SOLD – 301 Capitol Mall

301 Capitol Mall - Taken in 2010

After nearly 18 years and several attempts to develop the land, CalPERS has sold the former twin 53-story Tower on Capitol Mall site to the Shingle Springs Band of Miwok Indians. Located at 301 Capitol Mall, the property was sold for $17 million and the Miwok Indians have said they have not plans for the site. The 2.39 acre block is currently fenced off with over a thousand piles poking out of the ground where 615 foot tall towers would have gone. The site is also over grown with full size trees on the southern side facing Capitol Mall. Social media seems to be excited that a casino could someday be built there, not me.

Resources Building Renovation – Exterior Replacement

1416 9th St. Resources bldg. renovation

The 60 year old Resources Building at 1416 9^th Street is now having the exterior cladding attached. It appears modern and clean, but the exterior has now lost any architectural significance and will soon be a featureless, bland glass tower. The original exterior had character and reflected a time that was the beginning of office high-rises being built in downtown.

1416 9th St. Resources bldg. renovation

The cost to do a total replacement of the exterior must have expanded the overall $461 million renovation costs quite a bit. It was not that long ago in 2010 two 18-story State office towers in downtown were also renovated. Both State offices #8 & #9 at 714 P Street had both interior and exterior upgrades while also keeping the original exterior design. AC Martin rendering

1416 9th St. Resources bldg. renovation

Resources bldg. AC Martin rendering

Resources bldg. AC Martin rendering