Quote:
Originally Posted by urban_encounter
Sacramento's best example would be Pensione K...
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Pensione K is considered an SRO.
My big fear is that the other lots that Mohanna controls will end up the same as the southeast corner of 8th and K. That includes the quarter-block just south, which includes the Bel-Vue Apartments (forcibly vacated) and 815 L Street. That quarter-block includes some pretty great old buildings, just dying for adaptive reuse, that would be a great complement for the building slated for the corner of 10th and L. The Bel-Vue wasn't considered an SRO, and personally I'd consider it a heck of a spot for a "higher low-income" reuse project along the lines of Pensione K (with retail below and residences above) but utilizing a faded gem of a building instead of new construction, aimed at the LI and VLI income levels.
As for the higher incomes, I'm still thinking there are going to be a couple of residential towers on Capitol Mall pretty soon that will fill that need.