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
Multifamily Housing | Aug 17, 2016
A new research platform launches for a data-deprived multifamily sector
The list of leading developers, owners, and property managers that are funding the NMHC Research Foundation speaks to the information gap it hopes to fill.
Multifamily Housing | Aug 12, 2016
Apartment completions in largest metros on pace to increase by 50% in 2016
Texas is leading this multifamily construction boom, according to latest RENTCafé estimates.
Regulations | Aug 9, 2016
New trend eases parking requirements for U.S. cities
Transit-oriented development and affordable housing are spurring the movement.
Multifamily Housing | Aug 9, 2016
Surge Homes brings the concept of micro condos to Houston
The sub-500-sf homes will be the first of their kind to be offered in the metro known as Space City
| Aug 4, 2016
MULTIFAMILY BUILDING GIANTS: Rental complexes focus on affordability, accessibility, and specialty amenities
To address the affordability problem and attract tenants, owners and developers are experimenting with smaller and smaller units, amenity-rich environments, and “co-living” concepts.
| Aug 4, 2016
Top 50 Multifamily Engineering Firms
Jacobs, AECOM, and Arup top Building Design+Construction’s annual ranking of the nation’s largest multifamily building sector engineering and E/A firms, as reported in the 2016 Giants 300 Report.
| Aug 4, 2016
Top 80 Multifamily Construction Firms
Lendlease, Suffolk Construction Co., and Clark Group top Building Design+Construction’s annual ranking of the nation’s largest multifamily building sector construction and construction management firms, as reported in the 2016 Giants 300 Report.
| Aug 4, 2016
Top 110 Multifamily Architecture Firms
Perkins Eastman, CallisonRTKL, and Solomon Cordwell Buenz top Building Design+Construction’s annual ranking of the nation’s largest multifamily building sector architecture and A/E firms, as reported in the 2016 Giants 300 Report.
Multifamily Housing | Jul 20, 2016
Colorful Boston Road building offers affordable housing in the Bronx
Designed by NYC’s Alexander Gorlin Architects, the 12-story building will have 154 studio apartments for low-income working adults.
Multifamily Housing | Jul 18, 2016
Four residential projects named winners of the 2016 AIA/HUD Secretary Awards
Affordable housing, specialized housing, and accessible housing projects were honored.
