Anthem Properties submits plan for site near R Street Corridor
By Ben van der Meer – Staff Writer, Sacramento Business Journal
April 27, 2020
https://www.bizjournals.com/sacramen..._news_headline
Quote:
Canadian homebuilder and developer Anthem Properties is taking a swing at developing a spot near the R Street Corridor in Sacramento, one where previous attempts went nowhere.
The builder submitted plans this month for an eight-story, 137-unit project at 1500 S St., the southeast corner of 15th and S streets...
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Project Drawing:
Current Site:
BASIC INFORMATION:- Developer: Anthem Properties
- Location: 1500 S Street (southeast corner of 15th and S streets).
- Housing units: 137 apartments ranging from 500 square foot studio to 1000 square foot 2-bedroom units.
- Commercial/retail space: Approximately 8000 square feet total of retail/commercial space located on the ground floor. It would be divided into smaller spaces: between 1000 and 1500 square feet.
- COVID-19: VP of Development for Anthem, Riaan De Beer, seems to be hopeful.
- Timeline: Anthem is seeking approvals from the city by the end of 2020. They are looking to start construction by next spring. That very optimistic timeline would have the project completed by summer 2023.
- Project cost: Anthem won't share the cost estimate.
- Current site: Empty office building and a couple of homes that are not occupied.
Anthem is currently working on a project at the old Cathedral Square site. Called "Anthem Cathedral," it would be a 7-story building, with 153 units, at 1030 J Street. That project is scheduled for review next month, with demolition to begin this summer and construction to start this fall. Of course, this is probably a very tentative timeline.
Anthem, a Canadian company, seems to like Sacramento's central city. They are looking at doing projects along Sacramento's K and R street corridors.