Southern Land Company (SLC) and the Sacramento Kings have announced plans for a new mixed-use, luxury high-rise project located at Capitol Mall and 3rd Street in Sacramento. The project will represent the first high-rise rental residences in Sacramento.
The mixed-use project will feature approximately 28 floors comprising 225 luxury apartment homes and an 80,000-sf mass timber office building in a prime location just 0.2 miles from Golden 1 Center, home of the Sacramento Kings. The development will offer a unique live-work-play lifestyle to its residents.
Future residents will live close to myriad shopping and dining options as well as three million sf of office space. Residents will also enjoy direct access to Crocker Park located just across the street as well as Crocker Art Museum, one of the largest art museums in North America.
After acquiring the land, known as Lot X, from the City of Sacramento, the Kings began looking for a partner to bring the new project to life, finding that partner in SLC. SLC then bought the 2.56-acre site from the Sacramento Kings. The lot has long been used as a surface parking lot for people working in nearby offices.
Renderings of the project and more details about the project’s design and features will be available at a later date.
Related Stories
Mixed-Use | Oct 7, 2024
New mixed-use tower by Studio Gang completes first phase of San Francisco waterfront redevelopment
Construction was recently completed on Verde, a new mixed-use tower along the San Francisco waterfront, marking the end of the first phase of the Mission Rock development. Verde is the fourth and final building of phase one of the 28-acre project that will be constructed in several phases guided by design principles developed by a design cohort led by Studio Gang.
MFPRO+ News | Sep 24, 2024
Major Massachusetts housing law aims to build or save 65,000 multifamily and single-family homes
Massachusetts Gov. Maura Healey recently signed far-reaching legislation to boost housing production and address the high cost of housing in the Bay State. The Affordable Homes Act aims to build or save 65,000 homes through $5.1 billion in spending and 49 policy initiatives.
MFPRO+ News | Sep 23, 2024
Minnesota bans cannabis smoking and vaping in multifamily housing units
Minnesota recently enacted a first-in-the-nation statewide ban on smoking and vaping cannabis in multifamily properties including in individual living units. The law has an exemption for those using marijuana for medical purposes.
The Changing Built Environment | Sep 23, 2024
Half-century real estate data shows top cities for multifamily housing, self-storage, and more
Research platform StorageCafe has conducted an analysis of U.S. real estate activity from 1980 to 2023, focusing on six major sectors: single-family, multifamily, industrial, office, retail, and self-storage.
Mixed-Use | Sep 19, 2024
A Toronto development will transform a 32-acre shopping center site into a mixed-use urban neighborhood
Toronto developers Mattamy Homes and QuadReal Property Group have launched The Clove, the first phase in the Cloverdale, a $6 billion multi-tower development. The project will transform Cloverdale Mall, a 32-acre shopping center in Toronto, into a mixed-use urban neighborhood.
Codes and Standards | Sep 17, 2024
New California building code encourages, but does not mandate heat pumps
New California homes are more likely to have all-electric appliances starting in 2026 after the state’s energy regulators approved new state building standards. The new building code will encourage installation of heat pumps without actually banning gas heating.
Adaptive Reuse | Sep 12, 2024
White paper on office-to-residential conversions released by IAPMO
IAPMO has published a new white paper titled “Adaptive Reuse: Converting Offices to Multi-Residential Family,” a comprehensive analysis of addressing housing shortages through the conversion of office spaces into residential units.
MFPRO+ Research | Sep 11, 2024
Multifamily rents fall for first time in 6 months
Ending its six-month streak of growth, the average advertised multifamily rent fell by $1 in August 2024 to $1,741.
Legislation | Sep 9, 2024
Efforts to encourage more housing projects on California coast stall
A movement to encourage more housing projects along the California coast has stalled out in the California legislature. Earlier this year, lawmakers, with the backing of some housing activists, introduced a series of bills aimed at making it easier to build apartments and accessory dwelling units along California’s highly regulated coast.
MFPRO+ New Projects | Sep 5, 2024
Chicago's Coppia luxury multifamily high-rise features geometric figures on the façade
Coppia, a new high-rise luxury multifamily property in Chicago, features a distinctive façade with geometric features and resort-style amenities. The 19-story, 315,000-sf building has more than 24,000 sf of amenity space designed to extend resident’s living spaces. These areas offer places to work, socialize, exercise, and unwind.
