Quote:
Originally Posted by snfenoc
A portion of the Ice Blocks development is going vertical? I didn't think anything was happening there quite yet. Someone should post photos; cause I think many of us are curious to see how far along this property (or properties) has progressed. It has been in the works for 10 years; it's nice to know a resolution is actually happening.
|
I'll snap some next time I go past, took some while going by on light rail but they're all blurry. They're doing the concrete podium of the apartment building right now, and the Orchard Supply building has been demolished except for the southern wall, which will remain as part of the new buildings, they're excavating for the foundation of that portion right now. This isn't the plan that has been in the works for 10 years, which looked very different and only incorporated the Crystal Ice building, but a different plan that incorporates three half-blocks, submitted last year. Obviously the featured portion of the plan, the Crystal Ice building itself, was set back enormously by the fire--they were just getting ready to start building and had tenants signed up for the entire building.
Quote:
There may be a wealth of interesting plans, especially for 16th, J, Q, R, S Streets, and Broadway, but this is Sacramento...plans aren't enough. At this point, I'll believe it when I see it.
|
If you haven't seen it, you might not believe it.
Quote:
In regard to the 1300 units you mentioned. That is an achievement. However, it's an achievement that took 6 years to reach. While I am glad that Sacramento has added housing units (especially in the central city) during a construction boom, I guess I'm not particularly impressed with the rate. Isn't Sacramento looking to add like 10-15 thousand units to central city? At the current rate, it would take 45-70 years to add that many. I'm hoping for a tipping point, where central city growth becomes accelerated...a boom. So far, it doesn't look like Sacramento has reached that point. Sometimes, I doubt it ever will.
|
5 years--2010 to 2014 (the 2016 numbers aren't out yet.) And considering that this number represents 75% of ALL RESIDENTIAL CONSTRUCTION, about one-twentieth of the city's surface area, it stands out. And a lot of the work going on goes far beyond just "plans" like the infrastructure and remediation work in the Railyards. All of that work was necessary before anything could be built, but it's basically done, and the planning has been done concurrently. Now that things are ready to open, I think we'll definitely see an acceleration (market permitting of course) of those numbers in the Railyards. The overall plan is 10,000 units in 10 years, which means bringing up the numbers from the 400 or so units built in 2013-2014 to 1000 units a year. There's more housing than that currently in the pipeline for the central city, plus more going up just outside the central city (Mill at Broadway, Curtis Park Village, McKinley Village, and a baker's dozen little infill projects.) And of course it's not all residential, the new Co-Op is taking shape and Midtown commercial vacancy rates are approaching zilch.
It's the little infill projects that really make the difference--small buildings that use up those vacant lots in between buildings in downtown and midtown. They don't make for sexy high-rise renderings but the numbers matter, and the 1300 or so new housing units translates to 2000+ new residents, which makes up for the 20 years of slow draining of population from the central city since its last peak in 1990.