Here's the official words on
The Bond Companies' proposal (Capitol Villas)
Address: 1500 7TH ST, SACRAMENTO, CA 95814
Parcel Number: 00603000020000
File Date: 3/28/2008
Status: PLN_GENERAL - In Progress
Status Date : 4/7/2008
Fees: $46,172.00
Payments: $46,172.00
Description:
A request for the approval of a Tentative Map, PUD Guidelines and Schematic Plan to allow for the future development of
approximately 1,646 dwelling units and 55,000 square feet of retail/commercial uses on approximately 9.46 net acres in the proposed Multi-Family Planned Unit Development (R-5-PUD) and General Commercial Planned Unit Development (C-2-PUD) zones.
Alternative schemes for approximately 500,000 square feet of office space or approximately 200,000 square feet of hotel space on Parcel A will also be considered.
The project requires a General Plan Amendment to re-designate Parcel A from High-Density Residential to Community/Neighborhood Commercial & Office; a Community Plan Amendment to re-designate Parcel A from Multi-Family Residential to Multi-Use; a rezone of Parcel A from R-5 to C-2-PUD and Parcels B, C and D from R-5 to R-5 PUD; PUD Guidelines and Schematic Plan to establish a PUD and a Tentative Map to subdivide the parcels. PUD Guidelines will be submitted at a later date for review.