Are you curious about where private and venture capital are investing on the west coast? The Bay Area, with San Francisco receiving the most year-to-date at over $4 billion, Sacramento around $4 million. Read more here: Northwest Colliers Q2 Market Insights
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| Eastern entrance to the State Capitol and the Annex portion that is slated to be torn down. |
Planned New Sacramento State Capitol Annex
Super Majority of Californians Oppose $1.4B Capitol AnnexProject as Planned
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A overview map of all the underground construction and |
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Southern side to the State Capitol where an |
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| Northeastern side to the State Capitol Annex that is slated to be demolished. |
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| Eastern side to the State Capitol Annex that is slated to be demolished. |
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| Southeastern side to the State Capitol Annex where an underground parking garage will be built. |
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| Southeastern side to the State Capitol Annex where an underground parking garage will be built. |
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| Southern side to the State Capitol Annex where an underground parking garage will be built. |
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| Southern side to the State Capitol Annex where an underground parking garage will be built to the sidewalk. |
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| Southwestern side to the State Capitol where an underground parking garage will be built. |
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| Western side to the State Capitol Annex where an underground visitors center will be built. |
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| Northern side to the State Capitol Annex that appears to be a staging area for construction. |
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| Northern side to the State Capitol Annex that appears to be a staging area for construction. |
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| 15S seven-story mixed-use at 15 & S Streets |
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| 15S seven-story mixed-use at 15 & S Streets |
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| 15S seven-story mixed-use at 15 & S Streets |
The New Sacramento Courthouse concrete has topped out and in January the interior build out began. The core climbing forms have been removed. Construction began in November 2020 and is estimated to complete in November 2023. Updates
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| Sacramento County Courthouse seen from 7th & G St. |
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| Sacramento County Courthouse seen from 7th & G St. |
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| Sacramento County Courthouse seen from 7th & G St. |
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| Sacramento County Courthouse seen from 7th & G St. |
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| Sacramento County Courthouse seen from 7th & G St. |
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| Sacramento County Courthouse seen from 7th & G St. |
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| Sacramento County Courthouse seen from 7th & G St. |
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| Sacramento County Courthouse seen from I Street bridge |
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| Sacramento County Courthouse seen from 5th & Richards Blvd.. |
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| Sacramento County Courthouse seen from 5th & Bercut Dr. |
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| Sacramento County Courthouse seen from I-5 |
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| Sacramento County Courthouse seen from Hwy. 50 |
Looking east over the Yolo Bypass Wildlife Area in the morning fog towards Downtown Sacramento
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| Downtown Sacramento Panoramic |
Looking east from the Tower Bridge Gateway exit off Hwy. 50 in West Sacramento towards Downtown Sacramento
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| Downtown Sacramento Panoramic |
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| Richards Blvd. State Office Construction |
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| Richards Blvd. State Office Construction |
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| Richards Blvd. State Office Construction |
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| Richards Blvd. State Office Construction |
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| Richards Blvd. State Office Construction |
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| Richards Blvd. State Office Construction |
This five-story proposal at 2131 16th Street would encompass 57,950 square feet with 60 multi-unit dwellings and 4,634 square feet of commercial space. A design review is currently in progress, no development cost or time for ground breaking has been given.This location is an entry point to the central city just two blocks off the freeway when you exit off Hwy. 50 and has been empty plot of land for many decades.
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| 2131 16th Street mixed-use proposal |
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| 2131 16th Street mixed-use proposal |
The site is located along the north side of J st spanning the full block between 17th and 16th St. The proposed project at 1617 J Street is a new construction of a 7-story building with basement. The basement will contain a parking garage, level 1 will be retail space, level 2 will contain a parking garage, and levels 3 through 7 will house approximately 200 apartments. The total retail space on level is 39,904sf. The structured parking within the basement and level 2 will provide 253 total stalls, 90 feet tall and total building square footage 347,063. The current building a the site (restaurant) was built in 1920 and is proposed for demolition. No construction costs or date has been provided. Documents submitted to Planning Dept. can be found at https://sacramento.agencycounter.com/
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| 1617 J Street seven-story residential proposal |
The lengthy history of 301 Capitol Mall can be exhausting, but as of last Friday, CalPERS will now sell the property and cancel the proposed 33-story mixed-use high-rise. For the last 16 years, CalPERS has spent nearly $70 million buying and maintaining the property, and now after three failed attempts to build at the site, it will be sold. The city block now resembles a wildlife refuge where raccoons and other habitat are thriving.
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| 55 years of history at 301 Capitol Mall |
In 2016 CalPERS teamed up with CIM Group and proposed a
30-story mixed-use building, the odd stacking of the tower was not accepted
well by the public and later canceled. By late 2019 another proposal was
offered that was as CalPERS teamed up with the development form Hines. This
proposal was to be Sacramento’s tallest if built at 33-stories and 557 feet
tall. It was seen as a better design, but as 2020 took hold and the pandemic
pushed people to do more work from home, it became apparent there was no interest
in more office space downtown. Currently, the Sacramento office market is in
its eight straight quarter occupancy losses, millions of square feet are available
and it might take many years to lease them back up to pre-pandemic levels.
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| Colliers Sacramento office development pipeline 2022 Q1 |
Occupancy losses continue in the first quarter for the
Sacramento office market for the eighth straight quarter. The State of
California accounted for the most negative absorption across the region this
quarter and the Sacramento regions availability rate continues to rise as
tenants office needs implement a hybrid work strategy. Colliers sees the
outlook starting to look brighter with leasing activity starting to pick-up in the next six months as well as sales increase. Read the full ColliersSacramento report here.
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| Colliers Sacramento availability rate 2022 Q1 |
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| Broadway perspective - looking south. 2500 16th Street |
The
former Tower Records store location on Broadway is currently under
consideration to have a five-story mixed use development built there. The
project includes 10,510 sf of commercial area and 68 dwelling units. Documents submitted to Planning Dept. can be found at AgencyCounter.
Broadway perspective - looking southwest. 2500 16th Street
Remember last year in March when Ron Burkle pulled out of being the lead investor for Sacramento’s MLS team to build a new stadium? Today the Sacramento Republic FC declared they have nearly 1$ billion in private funding for a stadium in The Railyards. Very little detail has been made public about whom is funding this proposal, but it sounds as if they found investment 'whales' to help bring MLS soccer to Sacramento. According to KCRA, “There are still some contractual things that need to be worked out but their hope is to be wrapped up in the next 90-120 days thus moving the project forward”. As you can see in the rendering, the new stadium looks very different and there is no shade for the fans.
The Planning Dept. received plans to demolish the existing building at 2031 K Street and construct a new development with 296 mixed unit with 8 floors and 91 feet tall. Demolition requires historic evaluation as well as a deviation for height. The proposal includes 233 studio units, 50 1-bedroom, and 13 2-bedrooms. Total square footage would be 250,595 sf. and 162 parking stalls. Documents submitted to Planning Dept. can be found at AgencyCounter.
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| UC Davis Health Sacramento campus is undergoing a massive expansion over the next decade |
The proposed California Tower will include a 16-story,
332-bed hospital facility and 5-story pavilion. The $3.75 billion project is
scheduled to have patients moving in by 2030 and is currently in the design
development phase and will replace the north-south wing originally built in
1929 and the addition from the 1950’s and will be demolished in the coming
years. These were images out of Comstock’s Magazine promotional supplement for
March 2022. UC Davis Health is also investing 1.1 billion in the nearby AggieSquare where both research facilities and housing will improve the neighborhood.
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| The propose California Tower is expected to be completed in 2030 |
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| The 5-story pavilion adjacent to the California Tower |
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