Sacramento Proposal/Approval/Construction Thread - III

[downtownserg89]

Originally Posted by sugit

It took all of 5 minutes to approve the extention for Aura....all Yes votes

so what does that mean?

[sugit]

They have 45 more days to nail everything down. The part that is taking longer is the 14.5M mezzanine loan. The primary loan sounded like it was wrapped up.

[downtownserg89]

hmmm, well that's good news. but gee, 45 more days of waiting. just dandy!

[urban_encounter]

Originally Posted by sugit

They have 45 more days to nail everything down. The part that is taking longer is the 14.5M mezzanine loan. The primary loan sounded like it was wrapped up.

I hope that the $14.5 million loan doesn't end up sinking the whole deal..

Did they have any assurances that the MeeCorp loan was definite???


I'm still curious how such a delay will effect contracts and the construction deadlines..???

[bennywah]

^
probably have to send out an a re-written contract much like what the towers are doing, with aura she seems to like to create soap opera drama before making a conclusion (crossing fingers) liebskinds first condo tower in kentucky is looking really good though, so anxious to see aura go up, she's gonna be a beaut!!

[Phillip]

Here's another Sacramento Avenue. This one's in Indio, California, "Date Capital of the World". So why can't I find a date?

Probably this is the lamest Sacramento Avenue in the U.S., only two blocks long in a dusty subdivision of tract homes called "Desert Song". That's a date palm to the left of "Sacramento" and the decal to the right is vandalism, or maybe art.

Theoretically the intersection of "Sacramento and Austin" sounds appealing.

[sacamenna kid]

Originally Posted by Phillip

Here's another Sacramento Avenue. This one's in Indio, California, "Date Capital of the World". So why can't I find a date?

Probably this is the lamest Sacramento Avenue in the U.S., only two blocks long in a dusty subdivision of tract homes called "Desert Song". That's a date palm to the left of "Sacramento" and the decal to the right is vandalism, or maybe art.

Theoretically the intersection of "Sacramento and Austin" sounds appealing.

Must be an area of a subdivision using state capitals as street names...

[BrianSac]

Bob Shallit: Seven homes free - if they go bye-bye
By Bob Shallit - Bee Columnist
Published 12:00 am PDT Wednesday, April 4, 2007
Story appeared in BUSINESS section, Page D1

Print | E-Mail | Comments (0)

Doctor-turned-developer Maurice Herbelin, with his son Luke, is willing to give away this home and six others to anyone willing to pay the moving costs. A rendering gives an idea of Herbelin's plan for 30 single-family homes near the UC Davis Medical Center. Sacramento Bee/Autumn Cruz

See additional images


Freebies are usually small stuff. Kittens, matchbooks and these days, sometimes even Kings tickets.

But recently, the giveaways are getting as big as, well, a house. A month ago, a midtown developer offered -- at no charge -- a Craftsman-style home to anyone willing to move it to a new location.

Now another local company, Trio Development, has a similar deal. This time seven buildings -- four homes and three duplexes -- are available.

All you have to do is haul them away.

"We'd really like to see someone put them to good use," says Trio founder Maurice Herbelin, explaining why he's not simply razing the homes that sit on a 1.6-acre site near the UCD Med Center where he's planning to build 30 single-family homes later this year.

It's not entirely a selfless gesture. "It saves us the cost of demolition," says Herbelin, a former Med Center emergency room physician.

Three years ago, when the doc-turned-developer bought the property -- on 34th Street, between T Street and Truckee Way, just south of Highway 50 -- there were 10 buildings. He fixed them up, rented them out. Now, with construction ready to begin on his residential infill project, Herbelin and his Trio Development partner and wife, Kelly, are looking to have seven of the buildings moved.

The remaining three will become part of their Elmhurst Terrace project, which will feature 1,300- to 1,400-square-foot homes priced at under $400,000.

It's not going to be cheap for whoever hauls away the seven structures -- house movers charge $30,000 and up. "It all depends on where they're going," he says. But for someone with a vacant lot nearby, it could be a deal, whether it's one or seven. (For more details, contact Burmaster Real Estate Services at www.burmasterres.com.)

[TowerDistrict]

I don't understand why that's even an option. This isn't the same case as the LJ Urban - Newton Booth situation, where they moved one home on an otherwise completely vacant lot. That's an entire block of historically relevant homes. Why would the city allow for a block of Elmhurst homes to be removed, in order to develop new homes? Color me a NIMBY, but we're not talking industrial/commercial redevelopment here.

[Texicali]

Density. You are going from 7 units to 30. Whether this makes sense from a community fabric standpoints is hard to say. Implementation of the blueprint will likely lead to significant amounts of redevelopment at higher densities, not all of which will be mid-rise mixed-use buildings. A lot of it will be replacing single family detached on mid sized lots with single-family on zero lot lines (ie townhomes, brownstones, etc.)

[TowerDistrict]

I love the density aspect, and the ideal buyer here would probably include families - that I like too. what rubs me the wrong way isn't something like the Trammell Crow building on S & Alhambra, building across the street from homes like these. or like LJ Urban's Newton Booth moving one home. this is wholesale removal of a block of homes built in the 20's or 30's.

i'm not gonna take the comment too far, because I don't know how neighbors feel about it, or the condition of the homes themselves - But my two cents say that developments like this shouldn't become common place. there are too many other neglected opportunities in the central neighborhoods to start encouraging replacement of 80 year old homes.

i guess it's just not my idea of smart growth.

[econgrad]

Originally Posted by TowerDistrict

I don't understand why that's even an option. This isn't the same case as the LJ Urban - Newton Booth situation, where they moved one home on an otherwise completely vacant lot. That's an entire block of historically relevant homes. Why would the city allow for a block of Elmhurst homes to be removed, in order to develop new homes? Color me a NIMBY, but we're not talking industrial/commercial redevelopment here.

I respect your opinion Tower, and I will never call you a nimby. I just do not see the logic in what makes something like a suburban home historically relevant? Did someone famous live there? Are the designs of the homes special, old and unique (maybe over 100 years old?). I think we need to make way for progress, I could care less about some of the victorians we seem to be so fond of (excluding the ones in the fab 40's). I think the historically significance has gotten out of control and has added too much cost to our inner and mid city developments. Atleast the option is moving them, I would go ahead and bull doze them if it was up to me... When I lived in Tokyo it was really cool how they logically developed the city, most everything new and clean. Progress.... we need it in Sacramento.

[downtownserg89]

i'm sorry, but what the HELL is a nimby??

[SLO]

Originally Posted by downtownserg89

i'm sorry, but what the HELL is a nimby??

Not
In
My
Back
Yard

[downtownserg89]

Originally Posted by SLO

Not
In
My
Back
Yard

OOHHHHHH! hhahahahaha! thats so funny. i had no idea. thanks, SLO.

[TowerDistrict]

Originally Posted by from SacBee

reilleyfam at 1:52 PM PST Wednesday, April 4, 2007 wrote:

GOOD FOR MY NEIGHBORHOOD!

If you don't live in the Med-Center area, you don't have the knowledge or the residency to be criticizing this project - I dont tell Roseville how to develop. I own a home a few blocks away & this is a great thing for our area. That spot is directly against Hwy 50 & no one would buy them before & it was blighted. He did a fantastic job on the fix ups & the area including other surrounding streets is already much better. To get these homes for the cost of just moving them is a steal. It benefits him but not as much as the recipient of the homes. New ones are bigger/nicer than buying a condo with no yard 4 the same price!

We have been trying & succeeding at improving that area - this is part of that. We want nice owner-occupied dwellings. UCD has also helped, all the normal people who work & visit UCD keep the scum away from our part of the area. UCD is moving the med school to Sac too. W/O UCD we would just be another bad part of Oak Park. We aren't.

Med Center Area On The Rise!!

Originally Posted by also from SacBee

littlecatnub at 11:08 AM PST Wednesday, April 4, 2007 wrote:

Thank you Trio Development

Maurice and his colleagues are outstanding people. We met with them last year in a community forum to discuss the development. Many of us are very pleased by the incoming development, 30 detached, for sale homes, a wonderful addition to an already nice neighborhood adjacent to the Alhambra Triangle. I appreciate that they're trying to save these buildings. While not considered historic, they are older homes with some really nice features, and I applaude their efforts to save them if they can.

I guess I'll shut up now. Though, I still think it's very important to keep old neighborhoods in tact for sake of history and character - that is after all, why i originally moved to Sacramento. I also love the prospect of an increasingly dense urban population - it's always going to be about a healthy balance of the new and the old. And if these developers can minimize negative impact and bring 30 units to 1.6 acres, then i'm all for it.

maybe i need to call Mr. Mohanna to come take care of my poor old house. Then i can snag one of these freebies!

[Phillip]

I'm curious logistically how he was he able to purchase ten adjacent homes. Were they all owned by the same party?

[innov8]

Originally Posted by BrianSac

Bob Shallit: Seven homes free - if they go bye-bye
By Bob Shallit - Bee Columnist
Published 12:00 am PDT Wednesday, April 4, 2007
Story appeared in BUSINESS section, Page D1

Three years ago, when the doc-turned-developer bought the property -- on 34th Street, between T Street and Truckee Way, just south of Highway 50 -- there were 10 buildings. He fixed them up, rented them out. Now, with construction ready to begin on his residential infill project, Herbelin and his Trio Development partner and wife, Kelly, are looking to have seven of the buildings moved.

The article says he bought the property with 10 buildings on it.
I agree TD, totally gutting a block of functional homes takes a
neighborhoods charters away.
.

[TowerDistrict]

Originally Posted by innov8

The article says he bought the property with 10 buildings on it.

but the homes would be on individual lots - so that's kinda confusing. hmmm..

[innov8]

I did not read anything about individual lots in the article. Anyway, if they
are now getting ready to build the new homes, the owner of should have
advertised the free homes long ago so people could make plans to buy up
an open lot in the area and have one of the homes moved there. Maybe they
did say something about it long ago, but the Bee makes it sound like they
just decided to do it like this.