Quote:
Originally Posted by sugit
300 R Street – Located on the block bounded by 3rd, 4th, R, and S Streets. A request to develop a six (6) story, +/- 490,000 square foot residential mixed use building. The project will include 305 residential units along with 14,000 ground floor retail along R Street. A parking structure will be provided for on-site parking.
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I was able to attend a short presentation of this project by the developer Sares Regis. Great company known for Metro Square, Metro Place (W. Sac), Iron Works, SoCap Lofts I & II.
It was interesting that this project is basically a decked out parking garage - they needed parking for nearby offices, and we're able to combine that with this project, add 300 residential units and parking for them, and retail too.
They also added that the land has already been aquired - so they could start soon. In contrast, Sares Regis had sat on an option to buy the land for SoCap for three years before deciding to go for it.