Sacramento Proposal/Approval/Construction Thread - III

[innov8]

Originally Posted by TowerDistrict

Maybe the same people now renting at 1801 L or 800J? There isn't a
product available right now that gets you into a brand new building in
a downtown location for that little.

Eveyone's going to have to put something down in this market. And I can
imagine that if this product cropped up three years ago, I might have taken
a serious look at it. I think it seems absurd because it's unprecendented.
But it's also a unique product.

My question is whether we'll see the same trend of the high-end units
going first? Because the way I see this product, is that the low-end units
are the most valuable.

Yeah, I guess that's true about 1801 L or 800J people being interested.

532sf is small though... I live in a 900sf home and that's comfortable for two.
Something this size could be just a crash pad for those on the go.

[sugit]

Originally Posted by wburg

one neat tidbit I took away was that the Kress Building is going to be restored, and done to LEED certification standards.

It's being done by the same people that did the Ross Atkins building...

Originally Posted by innov8

Damn, that's crazy. Those prices work out to $532 per sf. and a monthly payment with no money down would be $1,800.00 which doe's not include possible HOA fees.

Who would pay that much for a 582sf pad that's not on the river?

LOL...you almost sound like one of those people on Sacbee!!!!

Not everyone is interested in a being on the river though. If you want to be walkable to nightlife, restaurants, galleries, ect..you don't want to be on the river. Different values for everyone.

For example, if you wanted the nightlife, restaurants, galleries The Towers would be the last place I would have wanted to live.

If you are someone who likes to be out a lot, you don't need much space at all. The small units aren't meant for married couples, and esp people with kids, which is fine..I want to see housing of all sizes that fit different peoples life styles.

Originally Posted by towerdistrict

Because the way I see this product, is that the low-end units are the most valuable.

I agree. I bet those are the first to go. My brother called about the smallest units (395 sf) already.

[TowerDistrict]

532sf is small though... I live in a 900sf home and that's comfortable for two.
Something this size could be just a crash pad for those on the go.

Maybe that too. The reason I site 1801 and 800J is that it's been published
that people are often asking the building owner/management if they could
possibly purchase their unit.

[wburg]

td: She mentioned that she hoped to have a development agreement but was cheery about the whole thing. No real word on what might be replacing the station.

[sugit]

Originally Posted by wburg

td: She mentioned that she hoped to have a development agreement but was cheery about the whole thing. No real word on what might be replacing the station.

It's not much, but she says hopefully in 2009
___________________________________________________________________

Fargo has a green mission for city
By Terri Hardy - [email protected]
Published 11:21 am PST Thursday, January 10, 2008

Mayor Heather Fargo doesn't think "being green" is just hip or trendy. And, certainly, she said, it's not a fad or a buzz word.

In fact, she told a group of 600 downtown leaders Thursday that slowing emissions and dealing with climate change needs to be Sacramento's top priority.

"I want to ask you to help make this the agenda for Sacramento," Fargo said as part of her annual State of the Downtown address at Memorial Auditorium. "Every household, every person, even every business needs to join us in our efforts."

Fargo said in December the City Council passed two of her long-term goals for Sacramento, a Sustainability Master Plan and a green building program.

On another topic, Fargo said the city was close to sealing a deal that would move the downtown Greyhound bus station, a magnet for crime and the homeless, to a city-owned location on Richards Boulevard. A letter of intent between the city and the owner of the Greyhound site, Danny Benvenuti, needs to be signed.

"I'd hoped to hold it up and tell you it had been finalized, but we're not quite there yet," Fargo said.

The mayor added she hoped the interim station on Richards could be opened in 2009.

Conspicuously absent from the mayor's speech was any substantive mention of the economic problems that have slowed or killed several key projects downtown, including high-rise condos.

[innov8]

Originally Posted by sugit

LOL...you almost sound like one of those people on Sacbee!!!!

Not everyone is interested in a being on the river though. If you want to be walkable to nightlife, restaurants, galleries, ect..you don't want to be on the river. Different values for everyone.

HA, I guess I did sound like one of those people. If it were located on L Street
or some place in that area it could perk my interest for that price. 16th and H
is IMO a place where I would not consider dropping that kind of money... I guess
this is for those who like to invest in adventure and risk That corner will look
much improved when the projects finished though.

[wburg]

16th and H isn't without its beautiful views, though: the western side faces the historic Governor's Mansion, the northern side probably has a nice view of the industrial buildings along C Street, and the eastern side faces New Era Park's tree canopy. To the south you've got a nice overlook of the action on J Street and the Memorial Auditorium.

Personally I think those first for-sale prices will drop a bit before they start moving: as we've seen with other condo projects that actually get to market, the asking price and the selling price are not generally the same. If I wasn't a lover of old houses, and was single, I'd give those small spaces some serious thought if the price was around $160-180K. It's not much, but it's a start, and more importantly it's equity to later leverage into a larger place (maybe one with a river view) later on.

[TowerDistrict]

I've been hollering about this on the SacBee website, but I used to live at 13th
and H, and it was great. I would loved to stay in the area, because I saw how
much was moving in. The restaurants, clubs, theaters and more have all happened
in the last five years there, and it's not going to slow down much.

Unfortunately, there wasn't ANYTHING under $500,000 when I was looking to buy,
because all the was available was big victorians and larger renovated bungalows
in Boulevard Park.

It's funny, but I almost never went north for anything. So, yeah there's dodgy areas
north of G, but that's kind of the border. I can honestly say that I was never personally
endangered or hassled in the slightest. Though I must say the crowd at 16th Street
Donut made the Greyhound station look like the lobby of Trump Tower.

I also think 16th between G and D will make a huge turnaround very soon.

[TowerDistrict]

Originally Posted by Majin

Also, where can I find more information about these new improvement district and what the plans/timeslines are for them? I would like to know if these are just fluff or if they are actually going to do something.

Majin, check this out... it's the Downtown Partnership's 2007-2011 Strategic
Action Plan. It lists all of their objectives annd gives a time frame in which
they're looking to achieve those goals.

[goldcntry]

BREAKING NEWS: Mo is suing the city.

http://www.sacbee.com/101/story/625047.html

:gasp:

Anyone surprised?

Anyone?

Bueler?

Bueler?

[Majin]

Hey Guys-

Does anybody know of a high quality map of yolo co, sac co, and placer co that includes all of the current city/districts borders? Something like this but on a much larger scale:



I need it so I can start my city consolidation plan.

[Majin]

Originally Posted by TowerDistrict

Majin, check this out... it's the Downtown Partnership's 2007-2011 Strategic
Action Plan. It lists all of their objectives annd gives a time frame in which
they're looking to achieve those goals.

Thanks, I'll check this out.

[Majin]

Originally Posted by goldcntry

BREAKING NEWS: Mo is suing the city.

http://www.sacbee.com/101/story/625047.html

:gasp:

Anyone surprised?

Anyone?

Bueler?

Bueler?

Doesn't matter, it's not like the city voted to use ED without knowing already that he was going to sue over it.

My problem is with people who defend him. What exactly are they defending? It's especially funny when people bring up the railyards as a reason to defend him. If he actually cared about competition, instead of trying to derail other people's development he's be fixing up his properties. Same with Westfield.

[TowerDistrict]

Originally Posted by Majin

Does anybody know of a high quality map of yolo co, sac co, and placer co that includes all of the current city/districts borders?

Take a look through here. If you don't see anything, you should contact the
City and they would proabably help you out.

[innov8]

This looks like a good project for the area. 108 residential, 96 hotel rooms,
51,575sf office, 604 parking spots, and the highest point is 90' with 7 floors.

http://www.lucasenterprises.net/featured.htm

[Majin]

Originally Posted by innov8

This looks like a good project for the area. 108 residential, 96 hotel rooms,
51,575sf office, 604 parking spots, and the highest point is 90' with 7 floors.[/URL]

Even though the parking is excessive, from what i can tell in the rendering, it will be a parking garage and not surface? If so, looks good.

THIS is the kind of infill we need at 65th and folsom (and everywhere else for that matter), not that garbage that was built before.

They really need to get rid of that planter strip along folsom blvd and replace it with street parking. Maybe turn that current parking lot into green space to compensate.

You know what? Thats going to be one of the items in my general plan along with city consolidation. In a lot of areas (like folsom blvd) we have huge planter strips where street parking could be. We need to open up street parking in a lot more areas than we currently have.

[wburg]

Originally Posted by innov8

This looks like a good project for the area. 108 residential, 96 hotel rooms,
51,575sf office, 604 parking spots, and the highest point is 90' with 7 floors.

Right on...it's nice to see some of the new growth going into neighborhoods outside the central city, creating just this sort of transit-oriented node. It should also make that light rail station a more comfortable place in the evenings, not to mention the walk to Sac State.

City planners showing how TODs work often show a Powerpoint slideshow that illustrates the corner of 65th and Folsom transforming from a one-story car-oriented corner to a dense mixed-use corner.

New vehicluar entrance to Sac State? That's news to me...interesting.

[goldcntry]

Can I just present a one-man Standing Ovation for this project???

This will add sooooo much to that corner. My family and I are there quite often (Dos Coyotes, Jamba, game store). Once apon a time, they promised a Borders Books there... hopefully there'll be a book store there as well!

Build it!

[wburg]

I kinda hope they offer a spot to the burger place on the corner right now in one of the buildings: they do a mean cheeseburger. Plus it might be nice to have some local business in with the corporate chains.

I assume part of the reason for the parking structure is to maintain the park & ride aspect of the light rail station, as most of the project's current space is occupied by a parking lot.

I'm trying to think of places on Folsom Blvd. with "huge planter strips." Are you talking about landscaped strips in the middle of the street?

[Majin]

Originally Posted by wburg

I kinda hope they offer a spot to the burger place on the corner right now in one of the buildings: they do a mean cheeseburger. Plus it might be nice to have some local business in with the corporate chains.

I assume part of the reason for the parking structure is to maintain the park & ride aspect of the light rail station, as most of the project's current space is occupied by a parking lot.

I'm trying to think of places on Folsom Blvd. with "huge planter strips." Are you talking about landscaped strips in the middle of the street?

No, Im talking about the landscaped strips on the sidewalk along Folsom Blvd. For example, the huge landscraped strips in front of the office max building at F65. All of that can be taken away and street parking be added.