Monday, February 27, 2006

Smart Infill Development

This is a great example of how most parts of Sacramento need to grow in order to become a true urban center.

Not the biggest of projects, and while I prefer to see much more dense projects in downtown proper, if you put enough of these mixed use projects in established neighborhoods such as Midtown, on Alhambra Blvd and Broadway, in Oak Park and even in parts of East Sac and Land Park, walkable neighborhoods begin to form and existing ones are further enhanced. People walking, not driving to the retail in these projects make for great urban neighborhoods.

Midtown is already the most dense area of Sacramento, infill projects like this, and some that are are bigger (like 18th and L and L Street Lofts) are what is going to turn midtown into what is already a good place into an even better urban environment.
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Pedestrian-friendly project with 'pop' planned on R Street corridor
By Bob Shallit -- Bee Columnist. Published 2:15 am PST Monday, February 27, 2006

One of the city's top "infill" development companies has set its sights on the hot R Street corridor with plans for homes, apartments and a restaurant on a narrow lot at the northwest corner of R and 27th.

New Faze Development expects to break ground on the complex next month and have it completed in the first quarter of next year.

The project - called "Alchemy at R Street" - has a quirky, hard-edged design that brings "pop" to the neighborhood, says Martin Tuttle, a New Faze vice president.

It seems to fit with city and private plans to make R Street a pedestrian-friendly stretch of apartments, condos, restaurants and retail shops.

Tuttle says New Faze plans to create a brand around the "Alchemy" concept, based on the notion of taking difficult sites and "turning them into gold."

A second Alchemy project is planned at 34th Street and First Avenue in Oak Park. Others are to follow.

The R Street project, designed by Darryl Chinn Architects, will have 15 town-house and work/live rental units along with a ground-floor cafe in one building, and eight detached for-sale homes, ranging from 900 to 1,200 square feet.

Sunday, February 26, 2006

Do my eyes deceive me?

Is that a new restaurant that is not american food or sushi I see in the horizon?















Looks like the neighborhood is getting an Indian place at 14th and O in the old Virga's location. As you have read, a few of us Sacramento bloggers have commented on the barrage of sushi and american places that have popped up downtown and the desire to have more new ethnic places.

The only slight downside is it is a chain . A couple people I know that have been to the one in the Bay Area say it's really good, but a little $$$$
http://www.gaylords.com/

Here are some shots of the inside:




























___________________________________________________________________
The other place I wanted to comment on is Il Posto on 9th Street between J and K where Kamon Cafe used to be.

http://www.ilpostofasulo.com/
The website says they are only open Monday - Friday for dinner, but I know they are also open Saturdays as well.

I had a chance to talk with the owner Leonardo yesterday as I was snapping pictures downtown. As I was taking a look inside the restaurant, he saw me and came to the door to greet me. I must say, he was one hell of a cool guy. Plus, much to my appreciation, he loves walkable urban enviroments and is looking forward to and really feels downtown is going to be a great place a few years down the road. Needless to say, he is anxiously waiting the completion of Plaza Lofts.

Leonardo allowed me to take some pictures of the space to post on this blog. This place is def much more homey that some of the other places that are opening up that are sometimes more about being scene than the food. This place, while def very nice inside, gives you the feeling it is 100% about the food. PLUS, I know some people out there will really appreciate this, there are no TV’s in the place. You are going there to eat and socialize with your dinning mates, not watch the King game.

I will definitely be dinning here in the next week or so. I encourage anyone who is looking for true authentic Italian food to give it a shot as well.



































Governors Room.

Construction Photos Galore!

Completed Fremont Mews at 15th and P
http://www.fremontmews.com/















Future Site of the Capital Unity Center: 16th and N















The council has secured 2M is funding from the city just recently to finalize this project. From what I understand they will be adding a 4th floor to the building. This is a very good project for Sacramento. Sorry, I do not have anything that shows what the new building will look like.
http://www.capitalunity.org/
The Capital Unity Council strives to create an inclusive environment of understanding, acceptance, respect, and celebration of differentness with programs that provide opportunities for learning, partnerships, coalition building, access to services and information, promotion of sound public policy and assembly at our flagship Unity Center.

Please take a few minutes to cruise their website.

Firestone Building: 16th and L















18th and L





























St Anton Building: 21st and L
http://www.antonllc.com/properties/st_anton_building.htm















Completed O1 Lofts: 16th and K
http://www.loftworks.biz/





























Marriott Residence Inn: 15th and L

































I am so envious of the views of Capitol Park the owners of the condos on the top 3 floors will have. (sorry, bad pic)
















Sears Building: 12th and K















Cathedral of the Blessed Sacrament at 11th and K



















There was a Quinceanera being held at the church that afternoon. Very cool thing to watch as they exited the church to the music of a mexican band



















Plaza Lofts at 8th/9th and J Street
www.800jlofts.com
















TheTowers on Capitol Mall
www.sactowers.com















621 Capitol Mall
http://www.621capitolmall.com/































Pictures taken by Innov8 from SSP


































Tuesday, February 21, 2006

Yes!!! An entire block of Paragary Restaurants!!!!!

Steakhouses and Sushi Galore!!! Are you kidding me?!?!

The city needs to think on a bigger scale for that site. What in essance is a simple re-tenant is not good enough. I will wait for more details on the project, but from this article, I'm not impressed with the idea of the K Street Central team. While I do not think that site must have high-rise housing or office, the scale of the retail and entertainment must be greater.

My feeling is that the K Street Central team is seeing the recent boom in restaurant activity and is just following the trend. Remembers developers are sheep, when something is working elsewhere, they will try and do it everywhere.

The city has 100M is fresh money to spend, if nothing else is done with that money, K Street MUST be fixed this time around. It has been way to long in the making. Spreading that money too thin is not going to have the impact we need. There is no better place to start than K Street Mall. Spending the necessary money on 700/800 and 10th and K Street will solve many of problems downtown has.

Live Theatre, Comedy Clubs, Jazz Clubs among others would do nice on that site.
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New ideas for K Street revival
A restaurant-row concept scales back expensive plan for entertainment, housing

The old Woolworth Co. building on the corner of 10th and K streets is viewed as a key location to jump-start downtown revitalization, but for years it has sat empty, a reminder of Sacramento's continued struggle to turn around its central core.

A once-promising concept presented last year for an entertainment district with high-rise housing has faded because of its big price tag, and exploratory research into transforming the Woolworth building into a live theater was determined to be almost prohibitively expensive.

"We're back to square one," said City Councilman Steve Cohn at a recent council meeting.

Now city leaders and David Taylor, the developer heading a team chosen to renovate the city-owned Woolworth building, are regrouping. Taylor said his newest plan is downshifting from the high-priced entertainment and housing idea and moving toward a restaurant-row concept.

"It's the quickest way to turn the block around," said Taylor. "We'd basically be re-tenanting the buildings." (Yes, I want a fast solution too, but let's try and think a little longer term)

The new approach doesn't convince some community members, who say they believe higher expectations should be set for one of the city's most important catalyst sites.

Roxanne Miller, a community activist who works on K Street, said Sacramento needs a unique, mixed-use project at that pivotal location.

"We shouldn't be settling for a restaurant row," Miller said. "That would miss the opportunity for a unique destination that will draw people downtown." (while this lady generally bugs the shit out of me, she nails it on the head)

At a council meeting earlier this month, Miller urged the council to follow goals outlined in a community workshop focusing on the J, K and L streets corridor: "mixed use, not just live theater, but housing, housing, housing, as well as retail."

Wendy Saunders, the city's economic development director, concedes that the phrase "restaurant row" might not sound like an exciting option for K Street. Still, she said the idea has interesting possibilities.

"If people think in terms of a jazz club with a certain caliber of shows, or dinner theater, or something like the House of Blues, I think the idea will resonate much better," Saunders said.

Mayor Heather Fargo, who has pushed a vision of an entertainment destination area, agrees.

"What I've been trying to do on K Street is promote the unique," Fargo said. "It may not be enough to just have good restaurants and good food."

Taylor is mindful of the council's interest in entertainment options and is beginning to work out new ideas for the project. But he said he became interested in the restaurant-row concept while recently walking in San Diego's successful Gaslamp district.

"It's all about what's at ground level - it matters very little what's above it," Taylor said. "The key for me and partnership is not necessarily housing, offices or hotels in the air, but how to get people walking the street daily."

City and business leaders agree that a revitalized K Street Mall is the key to a thriving downtown. Over the years, plans for 10th and K have been touted, then discarded.

Plans in 2004 to bring an art movie house to the Woolworth building were scuttled when community groups protested the project would put the venerable Tower Theatre out of business.

Last year, the City Council requested a proposal for redeveloping the Woolworth building. Taylor's was the only response.

His development team envisioned transforming all four corners of the intersection with an array of uses, including a television studio open to pedestrian viewing, a trendy bowling alley/lounge, a boutique hotel, housing, a movie theater, restaurants, apartments and condominiums.

The cost included a hefty city subsidy of $30 million, Fargo said. She remembers telling a council subcommittee studying the plans, "If we're going to spend $30 million, I'd rather have a performing arts facility." (so we get neither now right?)

After discussions with City Council members about the plan, Taylor said he determined there wasn't much excitement about a ground-floor television studio, so little movement was made with that project.

Bruno Cohen, president of Channel 13 (KOVR) and UPN-31 (KMAX) said he is talking with the city about moving a studio to 11th and K streets. It remains possible for the stations' offices to be in the building's upper floors, he said. (Maybe the Ransohoff Building? I always thought this was a cool idea, but not appropriate for 10th and K. I hope they can make something happen)

Under City Council direction, the city's economic development team and a consultant studied live theater options. Cost of a combination 400-and 200-seat theater was estimated at $40 million, with the small theater alone costing $10 million.

Saunders' economic development staff recommended that if the council wanted to proceed with a theater option, it should look toward the smaller theater. Even then, their endorsement was lukewarm, given that the small theater would bring in only 28,000 people a year - a relatively small amount of foot traffic - Saunders said.

Michael Ault, executive director of the Downtown Sacramento Partnership, said the small-theater option is the most financially realistic, but his organization isn't certain it should be pursued.

"Ten million is a lot of money for the amount of revenue generated, and only 28,000 people a year," Ault said. "A downtown should have its mix of cultural arts, but what we need at this location is the biggest bang for our buck."

Taylor said he's convinced that for downtown to succeed, the city must direct the full force of a new $100 million redevelopment bond to K Street and acquiring property from several landowners.

"The money needs to be spent, not in a bunch of little projects, but in a focused way to rid the area of as much blight as possible," Taylor said. "We've got to figure out a way to get key parcels. If we can't do that, K Street is not going to get done."

Wednesday, February 15, 2006

Retail tennats for 18th and L Project. L Street Lofts Ready to go


While no project in Sacramento would be complete without the obligatory steakhouse, I'm really glad to see the other mix of retail. A Wine Shop, Flower Shop, and "European-style" convenience store. I can see this mix of retailers creating a active street scene versus the lunch and dinner type crowds now.

I hope the Firestone Building and the East End Gateway follow suit with a good mix of neighborhood retail. While this project is 10 blocks away, I still consider it part of my neighborhood since it's only a 10-12 minute walk.

On my wish list:
- European-Style Cheese Shop, ala Murray's Cheese in Greenwich Village (Come on man! Do it!!! This person knows who I'm talking about :-) )
- Neighborhood bakery, ala Freeport Bakery
- Takeout cafe with outside seating, ala Sellands
- Neighborhood no- frills Italian Pizza place (come on Luigi's open a place DT!!!!)

I'm suprised how fast Kolokotronis has been able to get L Street Lofts to the point of ready to ground break. I guess times have changed in Sacramento where projects are not taking 5 years to implement anymore.
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One down, one to go. Work starts on midtown complex once another is done
Bob Shallit -- Bee ColumnistPublished 2:15 am PST Wednesday, February 15, 2006

With one midtown housing complex nearly done, developer Sotiris Kolokotronis is about to begin work on another. Right across the street.Almost finished is the block-long, 176-unit apartment project at 1801 L St. - a five-story building with a nice mix of ground-floor retailers. It should be ready for occupancy in June, with monthly rents ranging from $900 to $3,500.

Site preparation starts next month on a 92-unit condo and retail project at 1818 L St. Kolokotronis expects to have cranes on site in August and the project, called L Street Lofts, completed in June 2007, with some penthouse units in the neighborhood of an eye-popping $1 million.

The eight-story building is being designed by Ankrom Moisan Associated Architects of Portland, Ore. Financing is coming from the developer, CalPERS and Comerica Bank.

As for the building at 1801 - a project delayed for months due to cost overruns - Kolokotronis has yet to sign retailers. But among the likely tenants are a wine bar, a flower shop and two "firsts" for Sacramento: the renowned Winters-based Buckhorn steakhouse and a "European-style" convenience store with international newspapers, fine chocolates and cigars.

Of the latter concept, Kolokotronis says: "It's what you'd find on corners in San Francisco, New York and all over the world."

Wednesday, February 08, 2006

Cal Western Life building into a boutique hotel?




This is a really cool idea. For those that do not know this building it's the rustic colored building on the south west corner of 10th and J. It's Sacramento oldest or 2nd oldest high-rise (other one would be the Elks). Sacramento-based Rubicon Partners bought the building about a year or so ago and was planning on turning it into condo offices (for-sale office units)

I like this idea MUUUUUUUUCH better. Sacramento really needs a hotel in a historic building. Former hotels like The Senator Hotel and Travelers Building have amazing lobbies, but sadly were turned into office space. I hope one day they can be turned back into a hotel or housing.

Most major cities in the US have hotels like these, sadly Sacramento does not. I stayed at the Benson in Portland last year, which was a boutique hotel in one of there historic buildings. Great, great place. Absolutely beautiful. We need something like that here.

I'm always for turning office space into housing and hotels that puts people on the street after 5. Even better is that they can move ASAP and be open next year

The project would require about 15M is subsidy. Sounds like support is definitely there for the project, but the money always make people take a step back and think.

I say go for it...
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Bob Shallit: Plans for boutique hotel downtown pique interest
By Bob Shallit -- Bee ColumnistPublished 2:15 am PST Wednesday, February 8, 2006

A San Francisco operator of deluxe boutique hotels is proposing converting a historic downtown office tower into a destination inn with 200 rooms, meeting space and fine dining.

The proposal from Joie de Vivre Hospitality has just surfaced and will be considered - on an expedited basis - at next Tuesday's Sacramento City Council meeting. If there's support - and a willingness to provide a substantial subsidy - conversion of the classically styled 14-story Cal Western Life A San Francisco company has plans to turn the Cal Western Life building at 926 J St. into a hotel.

"They've brought the concept to us and need feedback quickly on whether to pursue this option," said city senior project manager Traci Michel, referring to the building's owner, Sacramento-based Rubicon Partners.

Without city support, the owners probably will pursue plans to put office condos in the 82-old building, she says.

Initial reactions from city officials were positive Tuesday. The project could become what the Hotel Del Coronado is for San Diego or The Benson for Portland - a destination hotel that brings people to the city, generating occupancy taxes and customers for downtown shops and restaurants.

"You couldn't pick a better location for a boutique hotel," said Councilman Ray Tretheway, whose district includes downtown.Mayor Heather Fargo said she's long wanted the "charm" of a boutique hotel in Sacramento. "To take one of our most treasured historic buildings and (allow) people to go in the lobby and see the marble and a piece of history, that's intriguing to me," she said.

But should the city spend as much as $15 million in public funds to make that happen? "The money part is a little intimidating," Fargo said.

The proposed project is not on a blighted corner. Funding it would mean not funding something else. Still, the mayor said, it would establish the kind of venue Sacramento doesn't yet have "and it's something this city should have."

Rubicon acquired the building last year and looked at several use options. Then the offer came in from Joie de Vivre.

Rubicon principal Kipp Blewett declined to discuss the specifics of the proposal. But he confirmed Rubicon has received a proposal "and we are considering it."

Joie de Vivre was founded in the late 1980s by Chip Conley and now operates 28 hotels, all but one in Northern California. The exception is the newly opened Hotel Angelino in Brentwood. Its newest San Francisco property is the Hotel Vitali, a 200-room hotel near the Embarcadero. Building at 926 J could begin immediately and be open for business by the end of next year.

Thursday, February 02, 2006

Speaking of K Street Developments. Live Theater on 10th and K?

Staff report is out for the 10th and K live theater analysis. It goes before the city council on Feb 7th.

http://sacramento.granicus.com/MetaViewer.php?view_id=6&event_id=3&meta_id=61215

It's a big file. But a very good report from LMN Architects

Page: 26
"Sacramento's live theater scene is somewhat underdeveloped compared to comparable markets"

Duh!!!! All kidding aside, it's a good read.

Four options were explored:
Option 1: 400 Seat Theater
Option 2: 400 Seat Theater, with 100 Seat Studio Theater
Option 3: 200 Seat Studio Theater
Option 4: 1000 Seat Theater

Page 35 has some very good looks at what the layouts could be.

It's hard to tell what the city is recommending, but I think options 1 or 2 are the best options.

Option 4 is too big in a couple ways.
1) The reports says there is not enough demand from the users for a new space that big. The Music Circus, Community Theater, Memorial, and even The Crest must be enough large spaces for now.
2) If a theater that large is developed, it leaves very little room for anything else. No housing, and very little retail on a very important corner.

Option 3 is just too small.
Come on now, let's try and think a little bigger than a small 200 seat studio theater. If there is a demand for one that size, choose Option 2 so we get both.

I'm torn on options 1 and 2 though. Choosing Option 1 would leave a larger footprint for housing and retail development. Option 2 would give Downtown 2 new theaters, but a smaller retail/housing footprint and a larger operating deficit each year.

Next Tuesday should be an interesting meeting. Whatever happens, I would like to see a venue somewhere on K Street.

Wednesday, February 01, 2006

The Towers and 621 Capitol Mall (Lot A) Starting to Go Vertical

The start of Sacramento's new skyline

Video of the Pile Driving:

http://video.google.com/videoplay?docid=3742669154643093812

The Towers on Capitol Mall
Photo Taken By Growinup on Skyscraperpage.com




















Photo taken by Innov8 on Skyscraperpage.com


































621 Capitol Mall (Lot A)
Photo Taken By Growinup on Skyscraperpage.com

















Photo taken by Innov8 on Skyscraperpage.com


A new look for Capitol Grand Tower?

http://www.jensenfey.com/stage/jensenflash.html
















55 Stories
250 Room Hotel Hilton Garden Inn
395 Condos
100K Office Space


If this building is going to be 50+ stories, those units are going to have to be luxury in order to off set the much higher cost of building that tall.

There are a couple items that do lend some credibility to this. The 100K would be pretty easy to rent in a rebounding office market and given the location. The Hilton Garden Inn has been rumored from the beginning, so there must be some validity to that

Now the bad part. If indeed these are going to be luxury, which is really weird considering a Garden Inn is at the lower end of the hotel spectrum, I think they are too late into the game. There are too many luxury units out there as is for this short of a time period. The Towers and Aura I think are going to eat up most of the demand for the time being.

Second, the only peoples names I have heard on this project are Mo Mohanna and John Lambeth. I doubt they have the $$$ to pull this off without a major backer and developer. Are they working with someone? Maybe, I really have no idea. Until I heard they have another partner though, I can't put much into this

Absolutely beautiful building, but have a very hard time thinking we are going to see it in our skyline.

All these developers are jumping at the chance to bring in the wealthy buyers, and the first few will succeed. My question is, there is also money to be made at the more moderate home buyer level...who are going to be the first few to scale back their projects and jump in and grab the market a couple steps below luxury? Looks like DR Horton is taking a leap in that direction, but I think there is much more to be had

K Street Proposals Move Forward

It's with a tear in my eye (okay, not really) that I see 815L Street on the list of possible properties to be bought. Ah, the memories.

My only concern with the article is the worry about the cost of this. The city has 100M in redevelopment funds to use. I understand that we want to get as much as we can out of that money, but let's make damn sure it gets done this time and we don't nickel and dime the project into submission. This has been waaaaaay too long in the making.

As I wrote a short time ago, K Street should be #1 on the list of things for that 100M. Given how long K Street has suffered, 20M is a drop in the bucket. The city talkes about catalyst projects, this is the mother of all of them.


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http://www.sacbee.com/content/news/story/14139370p-14968085c.html
Click link for a picture of the properties to be bought. (I would post it, but I don't want the big bad Sac Bee people to get mad at me again)

Council reserves $20 million for K Street revival
Eight parcels will be purchased to create housing, retail space in revitalization bid

In an effort to revitalize struggling K Street, the Sacramento City Council has set aside $20 million to purchase eight parcels in the city's central core.

Council members voted unanimously Tuesday to use redevelopment funds to acquire six parcels in the 700 and 800 blocks of K Street and two others in the vicinity on L Street. Development plans call for new retail space and housing to move forward on those streets.

"This is something we need to do; it's been a long time coming," said Councilman Ray Tretheway, whose district includes downtown. "Let's get it started."
Even though Tretheway was glad to see progress, he said he was concerned about the hefty $20 million price tag.

Leslie Fritzche, the downtown division manager of the city's Economic Development Department, said separate parties owned all eight parcels and each negotiation would be private.
"We are mindful that we need to keep negotiations to the lowest dollar amount possible," Fritzche said.

City officials have said one of the biggest obstacles to pushing forward on K Street is cobbling together blocks of land from several owners to make a revitalization project possible.
It is not anticipated that existing businesses will be included in the new projects, so those redevelopment funds also will go toward relocating those merchants.

The move toward acquiring the downtown land emphasizes the city's commitment to turning around downtown.

A year ago, the city adopted a get-tough approach and gave property owners in the 700 and 800 blocks of K Street a short period in which to offer development proposals. The implicit message was if progress wasn't made, the city would, as a last-resort measure, begin efforts to take the land through eminent domain.

Two proposals emerged. Area property owners Moe Mohanna and John Lambath backed one plan. The other came from Zeiden Properties, headed by Joe Zeiden, president of the Gardena-based Z Gallerie home furnishings chain.

Mohanna warned that if the city went with the Zeiden plan, he would aggressively fight attempts by the city to buy the land. The City Council decided to go forward with both developers.

The teams did not want to merge and participate in a joint venture, so the city determined Zeiden would develop the 700 block, and Mohanna/Lambath the 800 block.
The city's land purchase quest will extend beyond K Street to include portions of L Street. A consultant concluded that neither block individually contained enough real estate to make the project profitable for developers, so additional nearby property would need to be purchased or swapped.

Zeiden's proposal would focus heavily on well-known retailers on the ground floor and a modest amount of housing on the upper levels. Besides his own Z Gallerie store, Zeiden has said he can attract such shops as Borders, Sur la Table and Urban Outfitters.

The Zeiden plan emphasizes preserving the streets' historical feel by keeping buildings to two and three stories.

Details of the Mohanna/Lambath plan for the 800 block of K Street are less clear. The team lost developer Evergreen Co. and residential builder Hank Fisher and brought on developer John Saca. Because the partnership changed, it hasn't undergone the same level of financial scrutiny that the city gave Zeiden.

Over the next months, the teams will fine-tune project specifics and produce better cost estimates, Fritzche said. The city also will do a financial analysis of the Mohanna/Lambath/Saca team.

Wednesday, December 28, 2005

What does the future hold for Downtown Sacramento?

I have been telling people from all over, "You will not recognize Sacramento by the end of decade" That gives Sacramento 4 more years to make me right.

Since the beginning of my blog, I have said high density mixed use (retail and residential) development is going to be the key in bringing Sacramento's urban core to the next level.

Up until this year, there has been little success is getting housing built for people who want that urban lifestyle. By my accounts over the last two years, since Winter 2003, there have been only 239 units completed through out downtown and midtown. All of them rentals, and 133 of them just recently.








In my last post, I said this next year is going to be a big year for Sacramento. Here is part of the reason I think so.







We are going to see almost 700 housing units hit the market by the end of next year. That more than double what we saw the pervious two years. That's 1000 more potential people walking the streets creating a safe environment, 1000 more people to patronize restaurants, shopping at new retail establishments, and creating a better general economy in downtown and midtown.

Here is the other reason I think next year is going to be a big year. At my company we use the hockey stick analogy for our workloads. You start off increasing at a very slow pace, then all of a sudden BOOM! The same is often said about urban development. You start off painfully slow and once you hit that certain point, it's all upward from there.














Over 3400 units across 20 projects in varies planning stages. I expect 8 or so to breakground next year. The most likely in my mind range in all sizes: The Towers, Aura, Library Lofts, East End Gateway I, II and III, L Street Lofts, Capitol Lofts, 21st and T, The Lofts on R Street, Cooper Union, and St Anton (going on a limb for this one).

I think we are going to see the K Street projects get pushed back until 2007, as well as The Metropolitan, Epic, Capitol Grand Tower and 701L Street. That not really a bad thing since it will spread the projects out over a couple more years and help them be successful.

Best case, that would be 2000 units under construction by the end of next year (40% in 301CM). The biggest difference between these and the ones under construction or completed is that almost all of them would be ownership housing. We must have a good mix of ownership housing for people. The next step is to bring some projects along that are affordable ownership housing opportunities for middle income families.

I really could care less if I see another high-rise office tower go up in the next 5 years (even thought there will be a couple), people, people, people that don't leave at 5pm make a 24 hour city.

Also key to these projects is the fact that all of them have ground floor retail space. Once we get the people living downtown, we want them on the streets eating, shopping and going places. People create the 24-hour city, but they need places to go and enjoy city life that comes with city life prices. We do still need more cultural actives to go with the recent surge of restaurants and nightclubs though. A new live theater or concert space at 10th and K would do nicely

Call me "Sacramento's Biggest Fan" (yes, I have friends that call me that), but I really feel Sacramento is right at that point in the hockey stick where it we are going to see a huge boom. My only hope is that we do not hit the stick too hard on the ice and break it right at the bend. It wouldn't be the first time it happen. I am pretty confident this time around though.

Only time will tell, and this next year will be a good indication of things to come.

The Metropolitan























35 Stories
10th and J Street
320 Condos from 700 to 1300 Square Feet.
13,000 Square Feet Retail

Developer: John Saca
Architect: Kwan Henmi Architecture/Planning
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John Saca has announced his third condo tower for downtown Sacramento. This one is proposed for the north side of 10th and J across from Caesar Chavez Park on the land purchased from Dean Ingemanson (Remember him from Metro Place?). Saca notes that this building "will be more cost effective," and "There will be fewer amenities." This will help bring prices down a bit from the much talked about Towers at Capitol Mall, but they will still be a little pricey for most people.

I must say, John Saca is determined to carry downtown Sacramento revitalization on his back if it breaks him. I wish the man nothing but the greatest success. I have much admiration for people like him that take major risks in life. If you happen to stumble onto this John, best of luck. I'm pulling for you and I know a lot of people are as well. From what I have heard about you, I have little doubt you will succeed.

Being involved in 301CM as well as the the very important K Street proposals though, I just hope he is not over extending himself.

On a higher level note, The block of 10th and J is probably the most blight block in downtown now that ‘the hole in the ground’ is being developed into Plaza Lofts. That's saying quite a bit especially with K Street Mall right next door. The south side of that block has a development application on file with the city from St Anton LLC and The Cordano Family for a 23-story condo high-rise with some 230 condo units, office space, and 15K of retail space. (Sorry, haven’t seen able to find a rendering yet) They were actually the first high-rise condo proposal announced in Oct 2004, but not much was made of it since 301CM came along only weeks later

I have a feeling that if people are looking for a more reasonable ownership housing options to live in downtown proper, you are going to want to keep your eye on the St Anton project, as well as the Library Lofts at 8th and I. Since those two are “smaller” buildings, I have a feeling we are going to see the per square foot cost come down a bit compared to the other luxury developments. (I know, I know, still not “affordable” but much more reasonable)

The trifecta of Plaza Lofts (225 units and 21K Retail), The Metropolitan, and the St Anton Building, if all developed would over put over 1000 new residents and over 54K of high quality retail space around Caesar Chavez Park. This would without a doubt create some amazing energy and really put some life into CC Park outside of just Concert in the Park in the summer time.

Next year is going to be an interesting year in Sacramento. If we can see a few of these mixed-use proposals breakground, we are going to see a large influx of people living in downtown over the next 2-3 years. As I have mentioned many of times, that is the key to a 24-hour city.

Friday, December 16, 2005

The Towers land a 230-room InterContinental

Wow...I had a feeling it was going to be a good hotel, but this one beats my expectaions. From those unfamiliar with InterContinental, they are also in SF at the Mark Hopkins in Nob Hill. That is one of the best hotels I have ever stayed in.

The spa that is mentioned in the article is a swanky place from El Dorado Hills, The Spa at La Borgata. www.spalaborgata.com

This is definatly a HUGE check mark on the financing check list for banks. I also have to imagine this boads well for some higher end retail that probably woulnd't mind sharing the same building as an InterContinental and some 800 high end condos.

Between the two sales events Saca has held, he currently has 10K deposits from 450 people. Which basically mean everyone who was invited to the sales events put a deposit down for one.

That's over 50% of the building. 50% is usually the magical mark on these condo projects in banks minds. Developers are required to hold a certain amount off the market until construction gets further along to account for any increase in costs in construction.

As long as he gets the non-refundable ones in a couple of months, I have to imagine that financing will be much easier for him.

_____________________________________________________________________
Downtown condo venture lands swank British hotel
Sacramento Business Journal - December 16, 2005

The Towers on Capitol Mall has lined up its luxury hotel -- a 230-room InterContinental.

The deluxe British chain will open the hotel on the lowest 18 floors of the first of the two 53-floor towers that developer John Saca plans to build at 301 Capitol Mall in downtown Sacramento.

The hotel would be the second InterContinental in California -- the other is on Nob Hill in San Francisco -- and the 14th in the United States. There are 130 overall, in 60 countries.

Saca and InterContinental have finalized a contract to bring the hotel to Sacramento, Saca said Friday in a press release. The deal shows, he said, that Sacramento is ready for the chain's "impeccable services and amenities."

The InterContinental is the most luxurious brand in a reservation network that includes Crown Plaza, Holiday Inn, Staybridge Suites and Candlewood Suites. People who live in The Towers will have access to the hotel's services, including concierge, maid service and valet.

As of late November, Saca's company had accepted refundable $10,000 deposits on 450 of the approximately 800 condominiums planned for The Towers. This month, the owner of a plush El Dorado Hills spa has been making plans to buy space in the high-rise for what would become the area's largest luxury spa.

Saca also plans to add a fitness center, stores and restaurants to his project, and has intended all along to add a hotel. But he didn't say which one until today.

Crew recently demolished the former building of the Sacramento Union newspaper to prepare for The Towers' construction. Saca expects to start building the condos in January.

InterContinental Hotels Group PLC bases its U.S. operation in Atlant

Tuesday, November 15, 2005

Crystal Ice Building - 16th and R

Oh how do I hate the Crystal Ice building. It is the eye sore and most blighted part of my neighborhood. It makes walking to Hangar 17 and Taka's a painful excursion each time

Friedman looks to have some good ideas. I'd love to see a specialty store come to that site similar to a Corti Brothers with a great deli. My wife would definitely dig the "karma" option with spa, message and yoga though

The more different options a neighborhood has the more appealing it is to a wider group of people and personal preferences. Choices are a good thing.

The architects working on this project have done a number of Whole Foods projects. I'm not sure if Petrovich is overreacting to whole grocery store situation. I think Safeway and Whole Foods attract two different type of people. Whole Foods will attract people that are willing to spend a little more money for natural and organic products. While Safeway is your every day run of the mill supermarket.

I think it's pretty safe to say that Whole Foods will land somewhere in our central city in the next few years.

Reports were that they were in talks with John Saca about landing in The Towers and the deal was pretty close. Whole Foods wanted the entire ground floor, but they would have required an additional level of parking just for WF shoppers at a cost of $5 Million to Saca. Unfortunately, it couldn't pencil out.

_____________________________________________________________________

Developer aims to make old Crystal Ice plant sparkle
By Mary Lynne Vellinga -- Bee Staff Writer
Published 2:15 am PDT Tuesday, September 27, 2005

Mark Friedman, one of Sacramento's leading central city developers, is preparing to tackle one of its most challenging historic properties: the decrepit and cavernous former Crystal Ice and Cold Storage plant on R Street.

Friedman bought the complex of brick and concrete buildings earlier this month from longtime owners Angelo Tsakopoulos and Bill Cummings, who in the mid-1990s unsuccessfully sought city approval to replace it with a pair of high-rise office towers.

Crystal Ice occupies a two-block stretch of R Street between 16th and 18th streets, just west of developer Paul Petrovich's new Safeway retail and housing complex. With the exception of one building still used for ice delivery, the old plant has sat vacant since 1993.

"I fell in love with the buildings, which looking at them in their current condition, might be hard to believe," Friedman said. "They have character that I couldn't reproduce or fake, and I think I can turn it into something that will be interesting and fun."

Supporters of the city's plan to redevelop the old industrial corridor of R Street into a mixed-use, walkable district of housing, offices, shops and entertainment cheered Friedman's purchase.
"I would trust that if it's Mark Friedman, it's going to be good," said local preservationist Kay Knepprath, who helped craft the city's R Street plan.

Paul Schmidt, executive director of the Capitol Area Development Authority, said the rehabilitation of Crystal Ice "would really spark a revitalization of a clearly blighted area" and would connect the new Safeway complex at 19th and R streets to restaurateur Randy Paragary's Empire nightclub and Icon restaurant to the east.

Friedman, son of suburban shopping center developer Mort Friedman, is known for his embrace of modern urban design with an industrial feel. He and a group of partners operating under the moniker Loftworks recently renovated an early 20th century auto dealership at 16th and J streets into a complex of lofts, offices and restaurants that has emerged as a center of Sacramento nightlife.

The same group is currently finishing up a building behind 16th and J with 14 residential lofts on the upper floors, offices on the second floor and street-level retail. Tenants will include Bistro 33, a new restaurant from the owners of the 33rd Street Bistro and the Riverside Club, and Design Within Reach, a well-known modern furniture store.

At the moment, it's hard to envision Crystal Ice as the retail and housing hub Friedman expects it to become.

The buildings are filled with decaying rubble, including asbestos and piles of cork that once insulated pipes. The floor is pocked with dangerous holes, and there is no operating electrical system.

An abandoned squatters camp occupies one large room. The transient occupants somehow managed to bring a couch, vanity, coffee table, old-fashioned pedal sewing machine, wheelchair, tricycle, various candles and a pile of sewing catalogs into the padlocked compound.
Friedman said he's still trying to get a handle on the buildings' condition and what it will take to restore them. He has hired the Portland, Ore., firm of GBD Architects to help.

"They're helping me evaluate what's worth keeping and what we should tear down," he said.
The developer said he expects to save at least the central brick building, which dates from 1923, as well as an adjacent building of more recent construction whose inside is supported by rows of eye-catching concrete columns.

Friedman also likes the curved, bow-truss roof of the single-story building from which Crystal Ice deliveries are made.

He envisions retail and restaurant tenants on the first floor and housing above.
A raised loading dock could be a nice place for an outdoor dining area.

Friedman said he's exploring three concepts: "green" retailers that feature environmentally friendly goods; a "karma" mix of yoga, massage, spa and other health-related uses; or a "specialty" grocery theme.

It's that last idea that worries neighbor Petrovich. This week, he raised concern that Friedman might try to bring in a grocer, such as Whole Foods, that would compete with his Safeway development.

"That would be about the biggest setback and disaster for the R Street corridor that could ever happen," Petrovich said.

Friedman, however, said he hasn't even started talking to potential tenants yet. "I haven't approached anyone at all because I don't have anything to show them," he said.

If he did bring in a grocery, he said, it would be complementary to the Safeway store.
Friedman said it's important that the development have a cohesive theme to distinguish it from other shopping areas. "What you have to do in order to make these city neighborhoods succeed is to make them different," he said.

He would not reveal how much he paid for the property. Petrovich had it in escrow earlier this year, but the deal fell through over price.

More Downtown Redevelopment Money

Looks like the city is going to get some more redevelopment money for downtown to the tune of 120 MILLION dollars. Of which 20M is going to the Oak Park area.

As the article says, it sounds like a lot, but that money can go very very fast. As my list below shows, there probably isn't enough money to get them all done right now with jsut this money, so using it as efficiently as possible is critical.

While the priority can probably be debated, this is where I think they generally rank for me:

1) K Street Mall
This is no brainier. Downtown will NEVER fully get going without K Street getting cleaned up. Use whatever money is necessary to ensure the 700 block, 800 block and 10th and K get completed with high quality housing, retail and entertainment

This should include new space for performing arts, Sacramento Symphony, Philharmonic, and Ballet at 10th and K

2) Move the Greyhound
Other than the above, nothing else would provide a bigger boast to the area.

3) Renovation of the Community Center into the Sacramento Performing Arts Center
This is long over due. I've never like the bunker cold empty feeling look to the CC. Upgrades to the backstage area could hopefully help attact more touring shows that skip Sacramento due to poor facilites. I would have love to have seen Wicked stop in Sac. But we need better faculties to accommodate them

Rendering of renovations:


















4) Mixed-Use Housing on IJKL Street. Must include true affordable housing.
Normally, this would be #1 on the lsit. But with all the momentum in housing right now, I think the private section will be able to handle most of it without public money. The part where this money should come into play is affordable housing. Use this money to build affordable OWNERSHIP housing.

5) Replacement SROs
We need to move some of the SROs from the K Street area. Having them all concentrated in one area puts a major damper on the area. Closing them and leaving people nowhere to go is not the answer. We need to build quality SRO housing, with assistance services, to replace the ones that have fallen into down right despair.

6) Street Cars
I think it’s very important to improve the public/mass transit in downtown. If we want the large amounts of people to move downtown and leave cars at home, we need to be able to get them around at a much more efficient speed than light rail currently provides. The Portland Street cars are perfect examples of this.

These two were hard to choose from, plus private money can be raised to help out:
Tie -7) Bring a Major Culinary or Art School Downtown
While I'm not sure of the current options for people. Me not knowing any probably means there isn't a whole lot out there. This would be a great way to improve the cultural facilities of downtown. This will also help keep people who want that education in Sacramento versus going to SF or elsewhere. Keep our culturally educated people here in Sacramento.

Tie -7) A Sacramento MOMA, or similar high quality museum
Sacramentians have become much more sophisticated over the last 5-10 years with the influx of outside influences moving to our region. It's time for a new sophisticated museum. The Crocker is great, but major cities have more than one big time museum. Same can be said for the Community Center

9) MAJOR Retail
When I say major I mean, anchor department stores such as Saks, Dillards, Neiman Marcus, Create and Barrel, even a Target that is done right, (sorry no Wal-Mart). Having Macys downtown as the only major department stores really hurt the shopping experience. I'm not saying only national retailers, small boutiques are needed to, but in order to get mass people shopping downtown, you need that nationals.

More market-rate / luxury housing should take care of this, but sometimes the first couple need an extra incentives.

10) I don't want to see any of this money go toward office development.
I didn't have a #10 so I figure I'd add something I don't want it to be used for. While more office space is great, it's the last thing that is needed right now. Unless a MAJOR employeer (ie F500) wants to move here, then that changes things. Highly doubtful though

There are much more pressing needs at this time. Office development doesn't need city money anymore, it more than takes care of itself with just the private sector.

I'd be interested to see what the priorities for this money would be from other who read this blog.

__________________________________________________________________
City to get fresh funds for downtown
Mike McCarthy
Staff Writer


Sacramento's redevelopment officials plan to sell $120 million worth of new bonds next week, including $100 million for new housing, entertainment and retail projects in the central city.

The financing is the first wave of about $800 million in bond capacity that the downtown redevelopment area gained this spring, and comes after various developers have proposed several new housing and retail projects downtown. This first wave, if spent well, could create a big boost for the city's redevelopment goals.

The city hasn't assigned the money to any particular project yet, but some ongoing ventures will probably benefit, said Leslie Fritzsche, the city's downtown redevelopment manager.
One prime candidate is the planned overhaul of the south side of the 700 and 800 blocks of K Street. Retailer Joe Zeiden, owner of more than 70 Z Gallerie upscale home furnishings stores, plans to develop the 700 block with stores, restaurants and housing. Developer John Saca would build multi-story condos and retail on the other block.

Downtown interests are watching.
"It's really a great opportunity for us," said Michael Ault, executive director of the Downtown Sacramento Partnership, a coalition of landlords. "There are more projects than money, so they need to be strategic in how they utilize the fund. A lot of people would say $100 million is a ton of money. But that money can go quickly."

J, K and L come first

The city has set criteria for spending the money. The City Council, meeting as the redevelopment agency board, decided last month to spend 40 percent to 50 percent of the funds on projects that have retail, entertainment or related uses.

According to the criteria, such projects should build street life by attracting new shoppers and visitors downtown. Projects proposed on J, K and L streets between 4th and 15th streets get extra points, as do public improvements that support such development.

Another 40 percent to 50 percent of the money would help develop housing. State redevelopment law requires 30 percent of the money to be spent building homes for people with moderate to low incomes. And, again, the city would give the JKL corridor extra consideration.

The final 10 percent to 20 percent would be spent on such public improvements as landscaping barren areas, and on improving pedestrian safety and views. Projects that upgrade transportation and open space along the Sacramento River are a high priority too.

Click link for the rest of the article:
http://sacramento.bizjournals.com/sacramento/stories/2005/11/14/story1.html

Monday, November 07, 2005

KB Home looks downtown for condo project

This now makes two of the largest home builders in the country eyeing downtown for high-density projects. First DR Horton with the Libarary Lofts on I Street, now KB Homes.

If we have corporate national developers in the mix for high density downtown projects, this bolds well for long term prospects. Plus, they are loaded!!

They wouldn't be jumping into the mix if there wasn't any substance in the urban movement for Sacramento

There is defiantly a movement throughout out the country that is reverting back to the urban living. Over the last few decades families tended to flee to the suburbs, that trend is starting to reverse itself.
___________________________________________________________________

Giant builder KB Home has jumped into the high-rise condominium game, targeting downtown Sacramento for one or more projects.

KB has announced the creation of a high-density and mixed-use division, KB Urban, that will focus on mid- and high-rise downtown projects, said Jeff Gault, the division's president.

Gault said he will focus first on the Los Angeles area, then move on to Orange County, San Diego and the San Francisco and Sacramento areas. By next fall, he expects to be operating in Sacramento, looking for downtown sites for condos that would sell units at $400,000 to $800,000.

The projects would mix the housing with retail and possibly offices and hotels.

Click for more readings:
http://sacramento.bizjournals.com/sacramento/stories/2005/11/07/story4.html

Saturday, October 29, 2005

Can anyone guess where this is?























That is our K Street Mall back in the 40's.

Now I know some of you must be "Bullshit" There way too much life on that street to be Sacramento's K Street. That has to be a K Street somewhere else. There are actually cars on that street!!

It is!!! Look, you can even see the Kress Building in the background!

Unfortunately, many of us are not old enough to remember the K Street Mall of years past. and only have images urine stenched streets, homeless people, drug use, burned down buildings, boarded up retail shops and general scariness

The K Street of the older days was filled with lots hotels, theaters, department stores. A big difference from todays selection of retailers. (even if it has got a million times better over the years).

It was the entertainment center for the region. When you wanted a night out on the town, K Street is where you went.

For decades, and decades the city has been trying to jump start the most tired, beat up stretch of our central city and turn it in the lively city we see above (Minus the hats)

Thankfully, such landmarks as The Crest Theater, Kress Building, Sacramento Public Market (by famous architect Julia Morgan) and The Cahderdral of the Blessed Sacrament were able to survive the down turn of K Street.

After year and years of fails starts and proposals coming and going ranging from TV Studios to a Century CinaArts. Sacramento may have finally broke though.

In Oct 2004, Mayor Fargo held a "Plan A Ballosza" , where hundereds of Sacramentains came out to tell city leaders what they want to see happen to our downtown. RFPs were sent out to all the property owners basically saying, time to put up or get Eminent Domain dropped on you. (it's about time)

After many meeting and discussion around property ownership, the historical significance of the buildings on K Street Mall, 3 groups of developers are coming out of that process that are attempting to step up and offer plans to develop the 700 block, 800 block and the city owned 10th and K block of K Street Mall.

There is so much info on these projects, I'm going to keep them as short as possible. I'm sure I will leave some details out.


10th and K

Developement Team:
David Taylor, CIM Group, St Anton, and the Cordano Company (K Street Cental)














In addtion to the city owned site at 10th and K, the team is proposing to develop all 4 corners of that intersection. The other 3 sites are owned by the team, so ED will not be needed.

What is being proposed for the other 3 sites:
- 230 Housing Units
- 105-Room Boutique Hotel
- Retail and Restaurant Space

For the city site, there are three option they have presented:
1) 114 Market rate Housing, Lucky Strike Bowling, Jazz Nightclub, Broadcast Studios for UPN and KFBK (can you imainge watching Nappear calling someone a "moron" through a glass window? haha)

2) Movie Theatre Option, only if the Westfield one does not happen. This would be appox 150K in retail and entertainement space.

3) Live Theatre/Performing Arts

The team will be pursuing a Live Theatre/Performing Arts option. Talks were that originally the B Street Theater would move into the space, but their commitment to the Sutter Midtown Project killed that idea. The city has hired consultants to see what would be possible for the site and what users would be interested.

For as much I think a new performance art stage would be great, and I think a new movie theatre is needed downtown...I would like to see the Sacramento Symphony, Philharmonic, Ballett, ect, get permanent space.

If we finally get the Community Theatre (To be renamed "Sacramento Performing Arts Center)" renovated, that will take care of performance art for a little while

800 Block and 700 Block

After submitted competing proposals, John Saca and his team have signed a "peace treaty" with the owner of Z Gallery, Joe Zeiden for each to develop seperate projects.

For the 700 Block, Zieden Properites will rehad all the building on that block and bring in approx 50K in new retail. Names such are Borders Books, Urban Outfitters and Sur la Table.

For the 800 Block, Saca and company was proposing a high-rise condo project with about 500 units and some 30K in retail space.

The initial estimate cost to the city in terms of a subisdy/loan is "budgeted" to be around 20M.

To FINALLy get K Street cleaned up, to me, that is NOTHING. Pennies compared to how long that stretch of street has been sitting in dispare and has plagued downtown.

There are still a lot of details to work out since there is still some property that will need to be bought or ED from property owners on K Street

More on these very important project coming soon...

Friday, October 28, 2005

Sacramento Union Building..we hardly knew ya.


















































I think it would be kinda cool to see them save this part and maybe display it somewhere in the building. Nothing that stares you right in the face though, something discrete, but noticeable

Someone told me that Mark Twain wrote for the Sac Union for a period of time in 1866. There is tidbit of info I had no idea about...WOW

http://www.twainquotes.com/18660620u.html
http://www.twainquotes.com/18660926u.html

Monday, October 24, 2005

The Library Lofts at 8th and I

Developer: DR Horton
295 For-Sale Condo's
30-45K Office Space (to be used by the county)
5K Retail Space.




















I like the look a lot. Reminds me of some of the buildings that are under constuction in San Diego right now.

Saturday, October 22, 2005