‘Swing Space’ Office Building Construction

10th & O Street 'Swing Space' office Bldg. construction

The new 10-story state office mid-rise at the corner of 10th & O Streets in Sacramento has topped out and the exterior skin of the building is nearly completed and wrapped around the structure. IMO, the exterior skin looks much different from the renderings. 

10th & O Street 'Swing Space' office Bldg. construction

10th & O Street 'Swing Space' office Bldg. construction

10th & O Street 'Swing Space' office Bldg. construction

10th & O Street 'Swing Space' office Bldg. construction

10th & O Street 'Swing Space' office Bldg. rendering

Powerhouse Science Center Construction

Powerhouse Science Center construction along the Sacramento River

Construction is underway at the Powerhouse Science Center, a $50 million project is expected to open early 2021 opening along the banks of the Sacramento River.

Powerhouse Science Center construction along the Sacramento River

Powerhouse Science Center construction along the Sacramento River

Rendering of Powerhouse Science Center construction along the Sacramento River

CA Natural Resources Headquarters Construction

Scheduled work plan includes furniture delivery and many other activities. Click here, here & here to access the construction schedule and other important information.

1215 O Street Office Building Construction

Construction Milestones:

• Elevator work is in progress
• Modular Systems Furniture installation has begun on Level 3
• Site work continues along Neighbor’s Alley and will move to Pedestrian Alley
• Gas and fire water line tie-ins are in progress
• Raised access flooring installation is substantially complete Levels 2 through 11
• Metal stud framing, MEP rough-in and drywall is in progress Levels 8 through 11
• Installation of Penthouse metal panels is substantially complete
• Roofing on Penthouse and Main Roof are substantially complete

Design Milestones:

• Retail space design is in the approval stage
• Interior graphics package design is in the approval stage
• Furniture layout reconfigured for post COVID return to work scenario
• Interior and Exterior art installations are in design with selected artists
  
  The project is scheduled for completion early 2021.
  
  
  
  
  
  
  

Hyatt Centric Hotel Construction @ 1122 7th St.

Marshall/Hyatt Centric Hotel - 1122 7th Street Sacramento

Work continues on the construction of a new 11 story building built behind the historic 7th and L street facades of the Marshall to be joined with a new tower to be constructed at the site of the Jade Hotel. The new building would be set back from the east and south facades of the Marshall to retain the visual scale of the Marshall facades from the street level. 170 guest rooms along with 5,000 square feet of ground floor retail. The project is estimated to cost $56.65 million. (see Financial Considerations here).

Marshall/Hyatt Centric Hotel - 1122 7th Street Sacramento

Marshall/Hyatt Centric Hotel - 1122 7th Street Sacramento

Marshall/Hyatt Centric Hotel - 1122 7th Street Sacramento

Marshall/Hyatt Centric Hotel - 1122 7th Street Sacramento looking north on 7th Street 

Richards Boulevard State Office Construction

 1.3 million sq. ft. state office buildings development that will house several state departments. The ground and foundation work is currently under way with completion in March 2024.

Foundation work for Richards Blvd. State Office - Richards Blvd.

Foundation work for Richards Blvd. State Office - 7th & Richards Blvd.

Foundation work for Richards Blvd. State Office - 7th & Richards Blvd.

Looking south on 7th Street at Richards Blvd.

Rendering of proposed Richards Boulevard State Office Complex

Rendering of proposed Richards Boulevard State Office Complex

Anthem Cathedral Square @ 1030 J St.,

Anthem Cathedral Square - 1030 J Street, Sacramento 

Construction of a seven-story apartment building with 153 units, about 10,000 square feet of first-floor retail and a 103-stall parking lot. Amenities will include a fitness center, rooftop deck, lounge and central courtyard. A handful of empty two-story buildings on the site have been demolished. This site was once where Cathedral Square, a 26 story condo was proposed in 2004.

Location: 1030 J St., on the southwest corner of 11th and J streets

Cost: Canada-based Anthem bought the property for $5 million in 2018. Construction costs not disclosed.

Status: Anthem filed plans with the city last October. Pending a review shortly by the planning commission, demolition could take place this summer, with vertical construction starting in the fall.

Anthem Cathedral Square - 1030 J Street, Sacramento 

Anthem Cathedral Square - 1030 J Street, Sacramento 

Anthem Cathedral Square Rendering - 1030 J Street, Sacramento 

The Frederic @ 601 Capitol Mall Construction

The Frederic - 601 Capitol Mall Mixed-use construction on Capitol Mall

This eight floor project appears to be working on the fifth floor and will soon offer 162 condominiums and nearly 5,800 square feet of retail. No cost has been given  by Shorenstien Properties.

The Frederic - 601 Capitol Mall Mixed-use construction

The Frederic - 601 Capitol Mall Mixed-use construction

The Frederic - 601 Capitol Mall Mixed-use construction

The Frederic - 601 Capitol Mall Mixed-use construction

The Frederic - 601 Capitol Mall Mixed-use construction

The Frederic - 601 Capitol Mall Mixed-use construction

Sacramento Commons (Phase 1) Construction

Tower crane for Sacramento Commons at 5th & O Streets

Phase 1 of the Sacramento Commons Project at 5th & O Streets will be a 7-story, stand 84-feet high, mixed-use residential building that will include 218 units and 2,090 sq. ft. of retail space. Construction of the new structure will continue into 2021. 

Tower crane and foundation work for Sacramento Commons at 5th & O Streets

Tower crane and foundation work for Sacramento Commons at 5th & O Streets

Foundation work for Sacramento Commons at 5th & O Streets

Tower crane and foundation work for Sacramento Commons at 5th & O Streets

Tower crane and foundation work for Sacramento Commons at 5th & O Streets

Tower crane and foundation work for Sacramento Commons at 5th & O Streets

Phase 1 - rendering of one seven story mid-rises

Colliers Weekly Market Insight

There has been a lot to process and understand the last few months as COVID takes a toll. The restaurant and small business are going to be impacted the worst. Colliers reported that “At least 20% of Sacramento area restaurants have already permanently closed due to the current pandemic. The most recent announcement was PF Chang's at 16th & J Street. Many more small businesses will close as a result of these new business shutdowns and restrictions.”  In addition, “The State of California has paused new office leasing. And many companies are considering or are already in the process of downsizing as executives consider implementing extended or permanent work from home policies. Colliers Sacramento's Q2 2020 Sacramento Office Market Snapshot will be later this week.

Will The Capitol Annex Renovation Continue?

The SacBee is reporting that a group of historic preservationists are asking the Capitol Annex project be halted because of the destruction of trees. The current plans call for a underground parking garage on the south side along N Street, a modern visitors center underground to the west and a replacement of the current annex to the east. With the budget deficit expected to run $50 billion or more, the preservationists are asking the state to rethink the project. Lawmakers believe the project is safe because it’s being paid for by selling bonds and repaid to investors over time. Next month lawmakers will negotiate the budget and choose to delay certain projects. The proposed $755 million project includes: (1) the loss of many trees in Capitol Park; (2) the degradation of public gathering spaces; (3) the disturbance of Tribal Native Community resources, and; (4) the demolition of Capitol Annex. Preservation advocates are calling for a better plan.

Colliers Sacramento Office Snapshot: Q1 2020

The Sacramento office market posted a strong start to 2020. Preliminary statistics show more than 213,000 SF of net absorption in Q1 2020 as the market vacancy rate fell to an 18-year low of 13.3 percent. However, the coronavirus crisis has put the market’s future growth in doubt. Their quarterly report is coming soon. http://view.ceros.com/colliers-sacramento/q1-2020-sacramento-office-snapshot/p/1

Colliers Q1 2020 Market Indicators relative to one year ago

Colliers Q1 2020 Key Takeaways