Sacramento Proposal/Approval/Construction Thread - III - Page 379

Majin · #**7561** Posted **Nov 25, 2019, 10:35 PM**

Quote:

Originally Posted by CAGeoNerd

How couldn't they get the Nugget or Trader Joes or a similar grocer to take the place for that building? People on the grid are begging for another/better grocery store. It's awful that nothing has happened with that lot, especially since they built the parking structure at 21st and Capitol to replace it's use.

I highly doubt there is a demand problem.

sactivity · #**7562** Posted **Dec 1, 2019, 4:15 PM**

Just thought I'd break the almost full-week silence to let everyone know there are no new skyscrapers proposed for Sacramento at this time. Now, go back to sleep!!!

sactivity · #**7563** Posted **Dec 1, 2019, 4:32 PM**

Just thought I'd break the almost full-week silence to let everyone know there are no new skyscrapers proposed for Sacramento at this time. Now, go back to sleep!!!

Clinton Robinson · #**7564** Posted **Dec 19, 2019, 7:22 PM**

Haven't seen ANY activity here in while does anyone have any photos of the Natural resources building and any progress photos of any of the current projects around Sac??? I highly appreciate any photos and everyone who looks forward to seeing Sac get some highrises and density a big thank you and Merry Christmas!

sactivity · #**7565** Posted **Dec 20, 2019, 2:44 PM**

Quote:

Originally Posted by Clinton Robinson

Haven't seen ANY activity here in while does anyone have any photos of the Natural resources building and any progress photos of any of the current projects around Sac??? I highly appreciate any photos and everyone who looks forward to seeing Sac get some highrises and density a big thank you and Merry Christmas!

I will be down there sometime in the middle of January for about a week. I plan to shoot as much as I can. See you soon.

Clinton Robinson · #**7566** Posted **Dec 20, 2019, 3:26 PM**

Saaaactivity coming through!!!!! THAAATS RIGHT!!! Highly appreciated and quite honestly looking forward to catching up on what's going up in the town!!! I have not been there since August when they were about 3/4 of the way to topping out the Natural resources building. I actually like the rendering aside from believing that it should be 100 ft taller and have been interested in seeing the actual building itself once it gets its skin. Anyway I will definitely be looking forward to seeing some new photos of Downtown Sactown so thank you VERY much in advance!!!!!! I'm kind of bummed out we are not getting more highrises in Sac! Nevertheless I have hope we will get some righteous increase in the Skyline in the near future!!!!!

downtownserg89 · #**7567** Posted **Dec 20, 2019, 7:20 PM**

Quote:

Originally Posted by Clinton Robinson

Haven't seen ANY activity here in while does anyone have any photos of the Natural resources building and any progress photos of any of the current projects around Sac??? I highly appreciate any photos and everyone who looks forward to seeing Sac get some highrises and density a big thank you and Merry Christmas!

I suppose I can hop on the rusty ol' bike and go on a ride around town with the camera. So many updates to post. Lots of activity taking place all over the grid.

Clinton Robinson · #**7568** Posted **Dec 20, 2019, 11:30 PM**

Hahaha.... That's right DTSerg!!! You already know it is highly appreciated! Looking forward to seeing the progress made DT!!!!

sactivity · #**7569** Posted **Dec 21, 2019, 12:55 AM**

Quote:

Originally Posted by Clinton Robinson

Hahaha.... That's right DTSerg!!! You already know it is highly appreciated! Looking forward to seeing the progress made DT!!!!

You might be interested in this link...
https://app.oxblue.com/open/turner/nnrhproject

enigma99a · #**7570** Posted **Dec 23, 2019, 10:53 PM**

New 14-story hotel planned in downtown Sacramento

Canopy by hilton

https://www.bizjournals.com/sacramento/n...WURjaFRmbHgrUk5UVnlHTHhvK0JBPT0ifQ%3D%3D

Majin · #**7571** Posted **Dec 24, 2019, 7:08 PM**

Quote:

Originally Posted by enigma99a

New 14-story hotel planned in downtown Sacramento

Canopy by hilton

https://www.bizjournals.com/sacramento/n...WURjaFRmbHgrUk5UVnlHTHhvK0JBPT0ifQ%3D%3D

Thats great we need more hotels downtown.

But I really wish we would get more 20+ floor apartments built.

snfenoc · #**7572** Posted **Dec 25, 2019, 8:46 PM**

Quote:

Originally Posted by enigma99a

New 14-story hotel planned in downtown Sacramento

Canopy by hilton

https://www.bizjournals.com/sacramento/n...WURjaFRmbHgrUk5UVnlHTHhvK0JBPT0ifQ%3D%3D

Thank you for the heads up, enigma99a. I read the article.

Here is some additional information about the project:

Eva Hill of Venture Oaks Real Estate is the developer.
It would be a 275 room, 14 story hotel.
It would have 50 luxury apartments on the top floors.
It would have ground floor retail and a rooftop bar.
The existing building will be demolished. It has not been occupied in over a decade.
The developer would like to start construction in 2020 and open the hotel in 2022.
Due to its location, the project can qualify for favorable tax treatment as an Opportunity Zone investment.
In October the top Sacramento hotels had an occupancy rate of 85.2%. This is up from the prior year, when the Convention Center was still open, and the occupancy rate was 82.1%.

I was in San Francisco this past weekend, and I saw a lot of buildings under construction. Most, if not all, were in the 7-15 story range. Yes, SF got the Salesforce Tower and a few other tall buildings, but the trend for residential and hotel buildings seems to be mid-rise. I live in Southern California, and just about every new, "urban-living" apartment or condo building is 8 floors or shorter.

urban_encounter · #**7573** Posted **Dec 25, 2019, 11:35 PM**

Quote:

Originally Posted by snfenoc

Thank you for the heads up, enigma99a. I read the article.

I was in San Francisco this past weekend, and I saw a lot of buildings under construction. Most, if not all, were in the 7-15 story range. Yes, SF got the Salesforce Tower and a few other tall buildings, but the trend for residential and hotel buildings seems to be mid-rise. I live in Southern California, and just about every new, "urban-living" apartment or condo building is 8 floors or shorter.

Your observation backs up that SF Chronicle article I mentioned about developers in San Francisco saying they are having a hard time making projects pencil out now because of costs. They would have to rent a 1 bedroom apartment for $5k a month. Now some tech worker might pay that without blinking an eye in the city, but SF has been on a building spree since the end of the Great Recession. The market that can afford high rise condos with astronomical prices are probably finally drying up somewhat. The same for rental properties going for $5k a month.

Sacramento’s central city residential boom is still in its infancy but I suspect we’ll see plenty of low and mid rise projects as long as the local economy remains on a growth curve.

Pistola916 · #**7574** Posted **Dec 26, 2019, 12:53 AM**

Quote:

Originally Posted by enigma99a

New 14-story hotel planned in downtown Sacramento

Canopy by hilton

https://www.bizjournals.com/sacramento/n...WURjaFRmbHgrUk5UVnlHTHhvK0JBPT0ifQ%3D%3D

With Mohanna’s 10 K hotel and residential project and this, that part of downtown is going to look great.

snfenoc · #**7575** Posted **Dec 26, 2019, 8:03 PM**

Quote:

Originally Posted by Pistola916

With Mohanna’s 10 K hotel and residential project and this, that part of downtown is going to look great.

Absolutely! I was thinking that area really needs some additional development to fill in the blanks and blight.

Now, if we can just get the old bus terminal going with a good project, and if the Kings will get their act together for 8th & K/L (among other things), that dead, dark and dank area will have new life.

enigma99a · #**7576** Posted **Dec 26, 2019, 8:47 PM**

Quote:

Originally Posted by Pistola916

With Mohanna’s 10 K hotel and residential project and this, that part of downtown is going to look great.

Yep, and I work one one block away on K so I am glad to see all the changes happening.

Clinton Robinson · #**7577** Posted **Dec 27, 2019, 3:23 PM**

Sactivity... THANK YOU for taking your time to shoot that link! I REALLY LIKE the Natural resources building!!!! Looking good and I think on the street level it fills the block REALLY well! I believe it is a nice addition to the Skyline and the skin is looking good! Just wish they would put a few more taller towers in the capital city! Anyway thank you guys also for the Hilton info too! Hopefully we get some good infill soon and some game changing highrises!!!!!

sactivity · #**7578** Posted **Dec 28, 2019, 12:14 AM**

Quote:

Originally Posted by Clinton Robinson

Sactivity... THANK YOU for taking your time to shoot that link! I REALLY LIKE the Natural resources building!!!! Looking good and I think on the street level it fills the block REALLY well! I believe it is a nice addition to the Skyline and the skin is looking good! Just wish they would put a few more taller towers in the capital city! Anyway thank you guys also for the Hilton info too! Hopefully we get some good infill soon and some game changing highrises!!!!!

You're quite welcome for the first part... and for the rest... well, you're preaching to the choir around here!!!

urbanadvocate · #**7579** Posted **Jan 8, 2020, 7:42 PM**

Any updates on the new Courthouse timeline?

urban_encounter · #**7580** Posted **Jan 11, 2020, 4:05 AM**

Quote:

Originally Posted by urbanadvocate

Any updates on the new Courthouse timeline?

Since it’s a government project, construction should start by 2027 and be completed by 2038.