Are you ready for the transformation being considered for Sacramento Commons (Currently Capital Towers)?
A developer has outlined his vision of what they’d like to see at the site – a high density, residential and mixed use live/work community. It would include mid-rise and high rise buildings bordered by 5th, 7th, N and P streets, a transit priority area, and the developer’s goal is to retain the existing park like setting with recreational facilities on top of the buildings.
They envision a 300 room hotel plus a condominium combination on the N and 7th street side of the property but if a hotel is not feasible then that area would have all owner occupied condominiums.
The developer has plans for more than 1400 units altogether if a hotel is built or closer to 1520 without the hotel. There would be perhaps as many as 450 condos/work spaces in midrise buildings with the balance of the housing built as market rate apartments contained in two 23 story towers.
The idea is for this development to be a transit focused property and this location would be ideal for that – right on two light rail lines in the heart of downtown, bordered by 7th and 5th streets on the east and west, and N and P streets on the north and south. They plan to retain the tree lined park-like feel of the current development and they believe they can retain the majority of the 32 heritage trees currently on the site and mitigate for those that would need to be relocated or moved. Parking is planned with a ratio of 1 parking space for each unit.
The project is currently working its way through the city’s Design and Review process which is expected to take until he end of 2015, with public hearings expected to be scheduled in the late summer or fall
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