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
Sponsored | Multifamily Housing | Dec 5, 2018
Apartment community connects friends and neighbors through indoor-outdoor amenities
Hubbard Place is a 44-story, 450-unit apartment community in Chicago’s River North neighborhood, an established tech hub in the downtown area. The building has an entire floor dedicated to communal and entertainment amenities.
Reconstruction Awards | Nov 26, 2018
Yarn works: Neverending yarn
111-year-old mill becomes a mixed-income multifamily community.
Multifamily Housing | Nov 20, 2018
Designs unveiled for new residential tower in Honolulu
Studio Gang pays homage to sugarcane plants that were once prevalent in this area.
Multifamily Housing | Nov 14, 2018
BIG’s ‘wooden hillside’ residential building in Stockholm officially opens
The building spans 270,000 sf.
Market Data | Nov 14, 2018
A new Joint Center report finds aging Americans less prepared to afford housing
The study foresees a significant segment of seniors struggling to buy or rent on their own or with other people.
Multifamily Housing | Oct 26, 2018
Future proofing multifamily housing amenities for Generation Z
How does a multifamily property developer or operator make a smart investment in amenities that will give the project long-term value?
Multifamily Housing | Oct 23, 2018
A threesome of transit-oriented projects
Developers and their project teams are recognizing the value of walkability, convenient neighborhood services, and transit access, as these three TODs demonstrate.
Wood | Oct 19, 2018
Design revealed for mass-timber residential tower in Milwaukee
The developer is confident that the city will approve construction, which is scheduled to start next year.
Mixed-Use | Oct 15, 2018
35-story mixed-use tower will be tallest residential building in Long Beach
Studio One Eleven designed the tower.
Multifamily Housing | Oct 10, 2018
Affordable treasures
This year’s prestigious Gold Nugget Awards honor four projects that provide affordably priced housing for homeless families, seniors, and veterans.
