Sacramento Proposal/Approval/Construction Thread - III

[Pistola916]

Originally Posted by Web

um this render is a little larger than 7 stories.........

The Biz Journal listed it as 7 stories; The Bee has it at 8 stories; It appears to be 9 stories.

[LandofFrost]

Originally Posted by Pistola916

The Biz Journal listed it as 7 stories; The Bee has it at 8 stories; It appears to be 9 stories.

The top two floors look like lofts, maybe they consider that one floor even though it looks like two.

[ltsmotorsport]

That's what I think is going on here. Since the top two floors will be lofts, they'll have the profile of two stories, but only technically be one. So, with that scenario, I get 7 stories.

[innov8]

Originally Posted by creamcityleo79

Just checked the 301 thread. 500/833 units had soft deposits.

\\

neuhickman79,

I see you changed your name to creamcity?

Actually, only 383 condominiums had deposits down for the Towers and the
bank required 400 units before money from CalPERS and Deutsche Bank
would have continued to invest in the project.

[innov8]

Originally Posted by urban_encounter

25-story apartment towers proposed for downtown Sacramento would be the region’s tallest
By Tony Bizjak
tbizjak@sacbee.com
Published: Wednesday, Mar. 26, 2014 - 7:00 pm
Last Modified: Thursday, Mar. 27, 2014 - 12:09 am


A real estate investment firm from Beverly Hills said Wednesday it will build two 25-story apartment towers, the tallest residential buildings in the region, as well as midrise apartments, condominiums and perhaps a boutique hotel in a quiet residential area off Capitol Mall in downtown Sacramento.Read more here: http://www.sacbee.com/2014/03/26/627...#storylink=cpy

Let's hope the third times a charm




Capitol Towers
September 1988
$300 million development
Four 26-story Office/Residential/Retail/Hotel towers
7th & O Street
1.4 million square feet
200,000 sf office tower
70,000 sf retail
3,000 parking spaces
250 room hotel tower
200 unite apartment
Proposed by an east coast family: The Scheuer Family Trust
Construction was expected to start in 1990 with a new tower built every two years.

As part of the project, the trust would have given $100,000 to community
housing groups to spend as needed on city housing projects. The project
got the typical objections by current residents in the Capitol Towers as well
as City planners concerned with traffic problems with other developments
planned near by. The Proposed California Capitol Center on R Street was also
in the planning stages and also had plans for both office and hotel at a cost
of $250 million. The Capitol Towers proposal failed due to not landing a big
state office tenant which would have qualify the project for a loan to start construction.

As recent as March 2008, a Los Angeles based developer proposed five
residential towers ranging from 15 to 33 stories and 1,646 housing units.
Financing for the newest proposal was to come from the financial giant AIG Inc.

The complex is now 93 percent leased with rents from $875 for a studio to
$2,165 three bedroom unit.

[CAGeoNerd]

Does anyone have a running list of current/proposed projects going? I know there are a few new mid/highrises being proposed, but there are several mid rise projects that are going up/wrapping up right now. Off the top of my head, these include:

Legado de Ravel apartments/East End Gateway 2 & 3 (16th and O)


16 Powerhouse/East End Gateway 4 (16th and P)


Tapestri Square (21st and T) (not really a midrise but I'll include it because it's a neat little infill high density project)


Then there are the things going up in West Sac in the Bridge District:
The Rivermark


The Park Moderns:


The Capitol Yards:


Anything else worth noting? Please post/update!

[wburg]

2500 R Street is mostly built out, the "WAL" on R Street is under construction, a project called the "Creamery" with 100 or so skinny-house infill row homes (like 2500 R, but on 3 city blocks) is going up along 11th and D Street in Alkali Flat, the Ridgeway Hotel is being rehabbed (still low-income units, but studio apartments instead of SRO units with no bathroom or kitchen). 15 Powerhouse is adding another story every week or so and will top out soon. I think people have posted about i15, the 8-story, 80 unit building at I and 15th that is just coming up, but that is a ways out. The first residential building in Township 9 is still under construction but seems like it has topped out--has anyone heard if T9's other units will begin construction anytime soon?

There are also a lot of more modest infill projects filling in cracks here and there, on vacant 40x80 and 40x160 lots, and alley units behind existing buildings here and there, providing a lot of "hidden density" to the neighborhood and closing decades-old gaps in the neighborhoods.

Sutter Park is an infill neighborhood that will replace Sutter General in East Sacramento, a small infill unit is replacing an old motorcycle repair shop and vacant lot on Alhambra and I with a dozen or so townhouse condo units, and of course there's McKinley Village.

[creamcityleo79]

Originally Posted by innov8

\\

neuhickman79,

I see you changed your name to creamcity?

Actually, only 383 condominiums had deposits down for the Towers and the
bank required 400 units before money from CalPERS and Deutsche Bank
would have continued to invest in the project.

That's me...neuhickman was a combination of my last name and my ex's last name. I figured since we're divorced now and I'm going to be getting remarried soon, I better change it! Plus, I wanted to be more active here again and didn't want to be known by THAT! Milwaukee = the Cream City (as in cream city brick)

http://en.wikipedia.org/wiki/Cream_City_brick

[SacTownAndy]

Originally Posted by CAGeoNerd

Does anyone have a running list of current/proposed projects going? I know there are a few new mid/highrises being proposed, but there are several mid rise projects that are going up/wrapping up right now. Off the top of my head, these include:



The Park Moderns:

I was the last one to reserve one of the houses in the Park Moderns during their pre-sales. If all goes as planned, it should be completed and ready for move in at the end of the year! So excited to get out of North Natomas and back closer to the grid. And for selfish reasons, I'm really hoping the street car line actually comes to fruition.

[wburg]

And don't forget Northwest Land Park, an urban infill project for those who don't care for suburban stucco boxes in neighborhoods with limited transit access:

[creamcityleo79]

Originally Posted by wburg

And don't forget Northwest Land Park, an urban infill project for those who don't care for suburban stucco boxes in neighborhoods with limited transit access:

More info from the Biz Journal!

http://www.bizjournals.com/sacrament...k-project.html

[downtownserg89]

No love for The Broadway Triangle?





also, is it bad that I kinda liked the earlier rendering of i15 more? I think the random squares and color contrast made it more fun, but that's just my opinion. That blue really speaks to me.

[creamcityleo79]

I love the Broadway Triangle!

[Majin]

Need more updated pictures for Broadway Triangle. The project is much further along.

[downtownserg89]

Originally Posted by Majin

Need more updated pictures for Broadway Triangle. The project is much further along.

Yeah I checked their facebook and website but they haven't really updated in a while. I was thinking about just biking over to the site and taking some photos myself. If I do I'll post the pics here.

[wburg]

They already sold out the condo portion of the first building, but are still trying to find commercial tenants for the site. The second portion is underway, and a bunch of the nearby buildings have been fixed up--like the old Primo's Swiss Club dive bar, reborn as Arthur Henry's, which also fixed up the 4 apartments upstairs.

I kind of liked the more playful colors of the earlier rendering of i15, but like the new rendering too. We could use more whimsical architecture in the central city, but can see why they chose to go with something more businesslike but still very modern. And we really don't need anything else that is beige.

[CAGeoNerd]

Love it, thanks for posting. Had no idea about the Broadway project, I guess I don't pass through there very much

[urban_encounter]

I can't predict what's going to happen Michael and really if it makes economic sense it will happen. If not, it doesn't matter. One thing I can say is that 1988 is irrelevant.

[downtownserg89]

Went on a nice bike ride all over Sac this evening. Decided to hit up some construction sites to see some progress.

The Rivermark
The Bridge District







The Capitol Yards
The Bridge District







Township9
River District






There's this cool little mini river built in the median public space walkway thing. It's pretty cool.





Ridgeway Hotel
Downtown, Sac



The Broadway Triangle
Oak Park








Tapestry Square
Midtown





16 Powerhouse
Midtown







WAL
R Street District






California Family Fitness
The Kay District



Random infill housing
14th & G, Mansion Flats



BONUS
some pics of the building fire aftermath on 13th and E





Hope you enjoyed these photos. Sorry there's so many.

[Majin]

I think Township 9 is going to suffer from the prevalent though of "the city of trees" as being critical to every project, and is going to be a pedestrian deadzone of too much open space, where it's impractical to be a true street engagement urban project. Too much open space and you might as well build it in Natomas, as no one is going to walk anywhere or engage the street.

What exactly are they trying to accomplish with Township 9? I can't be urban living, because East Sac, which is mostly single family homes, is more pedestrian friendly that what Township 9 is turning out to be.