Sacramento Proposal/Approval/Construction Thread - III - Page 280

Web · #**5581** Posted **Jun 7, 2015, 5:20 PM**

Quote:

Originally Posted by jbradway

I do know that some of the tenants like River City Brewing are closing by the end of this month. So more demo work on the west end of the plaza is coming soon. More of a remodel than complete tear down.

Part of the hotel construction is the other portion of the open plaza in front of the arena. I would think they want it to be far enough along that just the inside of hotel needs finish work. They can do that if the start pile drilling late this month or early next.

there was an article in the bee a bit ago....river city is being told to leave.

Bubb90 · #**5582** Posted **Jun 9, 2015, 3:17 PM**

Quote:

Originally Posted by sacamenna kid

And also, what about the Powerhouse Science Museum?

Any news on this?

Bubb90 · #**5583** Posted **Jun 9, 2015, 4:25 PM**

http://www.sacbee.com/news/business/biz-columns-blogs/bob-shallit/article23536111.html

Hope this happens!

creamcityleo79 · #**5584** Posted **Jun 9, 2015, 5:28 PM**

Quote:

Originally Posted by Bubb90

http://www.sacbee.com/news/business/biz-columns-blogs/bob-shallit/article23536111.html

Hope this happens!

He just keeps going!!! Love it!

Mr. Ozo · #**5585** Posted **Jun 9, 2015, 6:21 PM**

Quote:

Originally Posted by creamcityleo79

He just keeps going!!! Love it!

This is huge. A game changer for this "side" of Midtown. I've been walking past these empty lots always daily for coming on a decade. Can still remember the old house that used to be in the middle of the lot.

Glad someone has the vision to see the potential of the area.

creamcityleo79 · #**5586** Posted **Jun 11, 2015, 1:33 PM**

Controversial proposal for downtown high-rises goes to Sacramento planning commission

Quote:

A proposal to convert a downtown Sacramento development built in the 1960s from low-rise apartments to high-rise condos has reignited a debate over whether this leafy, four-block piece of real estate should be packed with housing or left alone.

The proposed Sacramento Commons is scheduled for a final hearing Thursday before the Planning and Design Commission, which will make a recommendation to the City Council. The meeting will begin at 5:30 p.m. in the City Hall Council Chamber, 915 I St. The council is set to take up the matter July 14.

The Sacramento Commons project calls for increased density, which supporters and opponents agree would change the character of the neighborhood.
The Sacramento Commons project calls for increased density, which supporters and opponents agree would change the character of the neighborhood. | RANDALL BENTON [email protected]
Beverly Hills-based real estate investment firm Kennedy Wilson purchased the property bounded by Fifth, Seventh, N and P streets in 2012. The 10-acre parcel is occupied by Capitol Towers, a 15-story tower with 203 apartment units, as well as 206 low-rise garden apartments, known as the Capitol Villas. Designed as a pedestrian-oriented community with streets closed to vehicle traffic and a lush canopy of trees, it is regarded by residents as an oasis in the city.

Various developers have proposed more intense uses for the prime real estate since the 1990s, but they’ve all faded in the face of opposition.

Read more here: http://www.sacbee.com/news/business/real-estate-news/article23668615.html#storylink=cpy

NickB1967 · #**5587** Posted **Jun 11, 2015, 2:58 PM**

Quote:

Originally Posted by creamcityleo79

Controversial proposal for downtown high-rises goes to Sacramento planning commission

And meanwhile, the block of 3rd / Capitol / 4th / L Street, where two high-rise condo towers were planned, remains two holes in the ground???

And they want to take out perfectly functional housing at Capitol Towers / Capitol Villas?

Majin · #**5588** Posted **Jun 11, 2015, 4:10 PM**

Quote:

Originally Posted by NickB1967

And meanwhile, the block of 3rd / Capitol / 4th / L Street, where two high-rise condo towers were planned, remains two holes in the ground???

And they want to take out perfectly functional housing at Capitol Towers / Capitol Villas?

It's not as if developers or property owners can just choose any random empty plot of land to develop. You actually have to own the land or able to purchase it for a reasonable price.

jbradway · #**5589** Posted **Jun 11, 2015, 6:08 PM**

Quote:

Originally Posted by Majin

It's not as if developers or property owners can just choose any random empty plot of land to develop. You actually have to own the land or able to purchase it for a reasonable price.

Doesn't CalPERS own that lot now?

Majin · #**5590** Posted **Jun 11, 2015, 6:18 PM**

Quote:

Originally Posted by jbradway

Doesn't CalPERS own that lot now?

Yes, but its probably just not CalPERS it's probably a group of investors that includes CalPERS.

Bubb90 · #**5591** Posted **Jun 11, 2015, 9:37 PM**

http://m.bizjournals.com/sacramento/news...-success-story-developer-buys-three.html

More news

BillSimmons · #**5592** Posted **Jun 11, 2015, 10:42 PM**

Quote:

Originally Posted by NickB1967

And meanwhile, the block of 3rd / Capitol / 4th / L Street, where two high-rise condo towers were planned, remains two holes in the ground???

And they want to take out perfectly functional housing at Capitol Towers / Capitol Villas?

It doesn't work that way, bruh. Need to have a word with CalPERS about that.

wburg · #**5593** Posted **Jun 12, 2015, 5:00 AM**

Wow, synergy! Guess who just bought up some more property on K Street?

http://www.bizjournals.com/sacramento/ne...-story-developer-buys-three.html?ana=twt

Quote:

Broker Ken Turton, whose Turton Commercial Real Estate oversaw the sale, said he couldn’t identify the buyer because of a non-disclosure agreement. But according to public records, the buyer's office address is that of developer Moe Mohanna. The buyer, listed as 10 Kay LLC, acquired 920, 924 and 930 K St. in recent weeks for a combined $5.3 million.

Web · #**5594** Posted **Jun 12, 2015, 5:09 AM**

Quote:

Originally Posted by wburg

Wow, synergy! Guess who just bought up some more property on K Street?

http://www.bizjournals.com/sacramento/ne...-story-developer-buys-three.html?ana=twt

does he just buy and sell land because his development ideas always crash and burn?

enigma99a · #**5595** Posted **Jun 12, 2015, 6:43 AM**

Quote:

Originally Posted by wburg

Wow, synergy! Guess who just bought up some more property on K Street?

http://www.bizjournals.com/sacramento/ne...-story-developer-buys-three.html?ana=twt

How about the 965ft Capitol Grand Tower? Let's get that done first

bradbeds · #**5596** Posted **Jun 12, 2015, 9:12 AM**

Quote:

Originally Posted by jbradway

Doesn't CalPERS own that lot now?

Hearing that they have BIG plans for that lot and are going to be announcing something soon. Keep your eyes open on this one.

Majin · #**5597** Posted **Jun 12, 2015, 2:51 PM**

Quote:

Originally Posted by bradbeds

Hearing that they have BIG plans for that lot and are going to be announcing something soon. Keep your eyes open on this one.

Someone said that last year (i forgot who) and nothing. I'll believe it when I see some real news articles.

Majin · #**5598** Posted **Jun 12, 2015, 2:59 PM**

I told you guys this would be rubber stamped

Good thing we are in the era of KJ pro development. If Fargo was still Mayor she would of fought this tooth and nail.

http://www.sacbee.com/news/business/real-estate-news/article23825752.html

bradbeds · #**5599** Posted **Jun 12, 2015, 7:21 PM**

Quote:

Originally Posted by Majin

Someone said that last year (i forgot who) and nothing. I'll believe it when I see some real news articles.

Tired of them just sitting on that lot, either sell it or build something there.

(I will accept nothing less than a decent highrise there)

enigma99a · #**5600** Posted **Jun 12, 2015, 7:40 PM**

Quote:

Originally Posted by bradbeds

Tired of them just sitting on that lot, either sell it or build something there.

(I will accept nothing less than a decent highrise there)

Maybe a minimum height requirement of 600' for starters