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  #121  
Old Posted Feb 10, 2006, 4:38 AM
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Originally Posted by fflint
I love that building, and would absolutely stay there on my regular trips to Sacramento.

I love the Vance Hotel in Seattle. (Though i think it's now called the Max or something to that effect).


This would be a wonderful addition for Sacramento. $15 million is a large chunk, but as far as redevelopment dollars, the city just renewed the redevelopment zone (which this falls in) and has close to a Billion dollars to sprinkle around DT.
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  #122  
Old Posted Feb 10, 2006, 5:39 AM
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Whoa, I didn't think they had that much money. Where's that from?
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  #123  
Old Posted Feb 10, 2006, 6:42 AM
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Whoa, I didn't think they had that much money. Where's that from?

I Found the story and it is $800 million dollars, due to renewing the redevelopment zone.


From the November 11, 2005 print edition
City to get fresh funds for downtown
To sell first wave of $800M bond capacity
Mike McCarthy Staff Writer

Sacramento's redevelopment officials plan to sell $120 million worth of new bonds next week, including $100 million for new housing, entertainment and retail projects in the central city.

The financing is the first wave of about $800 million in bond capacity that the downtown redevelopment area gained this spring, and comes after various developers have proposed several new housing and retail projects downtown. This first wave, if spent well, could create a big boost for the city's redevelopment goals.

The city hasn't assigned the money to any particular project yet, but some ongoing ventures will probably benefit, said Leslie Fritzsche, the city's downtown redevelopment manager.

One prime candidate is the planned overhaul of the south side of the 700 and 800 blocks of K Street. Retailer Joe Zeiden, owner of more than 70 Z Gallerie upscale home furnishings stores, plans to develop the 700 block with stores, restaurants and housing. Developer John Saca would build multi-story condos and retail on the other block.

Downtown interests are watching.

"It's really a great opportunity for us," said Michael Ault, executive director of the Downtown Sacramento Partnership, a coalition of landlords. "There are more projects than money, so they need to be strategic in how they utilize the fund. A lot of people would say $100 million is a ton of money. But that money can go quickly."

J, K and L come first
The city has set criteria for spending the money. The City Council, meeting as the redevelopment agency board, decided last month to spend 40 percent to 50 percent of the funds on projects that have retail, entertainment or related uses.

According to the criteria, such projects should build street life by attracting new shoppers and visitors downtown. Projects proposed on J, K and L streets between 4th and 15th streets get extra points, as do public improvements that support such development.

Another 40 percent to 50 percent of the money would help develop housing. State redevelopment law requires 30 percent of the money to be spent building homes for people with moderate to low incomes. And, again, the city would give the JKL corridor extra consideration.

The final 10 percent to 20 percent would be spent on such public improvements as landscaping barren areas, and on improving pedestrian safety and views. Projects that upgrade transportation and open space along the Sacramento River are a high priority too.



http://sacramento.bizjournals.com/sa...14/story1.html
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  #124  
Old Posted Feb 10, 2006, 7:26 AM
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The first $100 million dollars in bonds have already been sold. Now they're just preparing to spend the cash.

BTW do not consfuse this with the $114 million city wide bond that was announced the other day. That is a separate bond for smaller neighborhood projects around the city. The intermodel station and the Crocker benefitted from that Bond Sale.
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  #125  
Old Posted Feb 10, 2006, 5:13 PM
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Intel's campus to grow

(While not downtown, Intel is a major employer in metropolitan Sacramento)

$100 million building sprouts from tech strength
By Dale Kasler -- SacBee Staff Writer
Published 2:15 am PST Friday, February 10, 2006
Story appeared in Business section, Page D1


Intel Corp., growing again after years of cutbacks, said Thursday it will add a major new building to its research and development complex in Folsom.
The $100 million building, to be completed late next year, will symbolize the resurgence of the tech economy in general and Intel in particular. The semiconductor giant quietly hired 500 workers in Folsom last year and expects to hire as many as 280 workers this year, spokeswoman Teri Munger said.

"This is what we've been kind of expecting," said David Lyons, labor market consultant at the state Employment Development Department. "We knew that the industry would turn around; it has taken longer than many of us expected."

By historical standards, the payroll expansion is a modest one.

In one year alone during the technology boom, Intel hired 1,000 workers in the area. The company's area employment peaked at around 8,000 workers in early 2001, rivaling the Intel work force at headquarters in Santa Clara.

Then came the dot-com bust, the tech slump and several years of downsizing, mostly through attrition. With last year's hiring, Intel today employs 7,000 workers in the area, all in Folsom.

The company is greater Sacramento's largest private employer.


The semiconductor industry has been "climbing out of that hole for a long time," said Nathan Brookwood, principal analyst at Saratoga consultant Insight 64. "Everyone from Intel on down felt that pain."

The new building will accommodate 1,500 workers, many of whom will spill over from cramped quarters elsewhere on the Folsom campus. The site is so crowded that Intel soon will move 300 workers to a former Intel complex near Rancho Cordova, Munger said.

"We're maxed out," she said.

Among other things, employees in the new building will work on products for Intel's flash memory business, which includes chips used in cell phones, and its digital health business, which includes chips for diagnostic equipment and the personal health care field.

The new four-story building will be a reconfigured version of a structure Intel was going to build in 2001.

The company halted the project as part of a cost-cutting move as the tech economy began its slump.

This time, Intel is scrapping the parking garage planned five years ago but will build additional surface parking space instead, Munger said.

Although business has brightened in the past couple of years, Intel continues to battle a volatile marketplace.

In January, it said fourth-quarter profits rose 16 percent but fell short of Wall Street analysts' expectations.

The company further rattled investors by issuing a disappointing revenue forecast for the first quarter.

The company continues to wrestle with a challenge from the No. 2 microprocessor maker, Advanced Micro Devices Inc., which has been chipping away at Intel's market share the past few years.

Still, Intel controls an estimated 80 percent of the market for microprocessors embedded in desktops, notebooks and servers, Brookwood said.

"They're holding their own," he said.


http://www.sacbee.com/content/business/index.html
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  #126  
Old Posted Feb 10, 2006, 5:40 PM
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Sacramento aims to reclaim part of its riverfront

In their bid to transform the 'docks,' officials choose a team of developers affiliated with San Francisco's Treasure Island and Ferry Building projects

By Mary Lynne Vellinga -- Bee Staff Writer
Published 2:15 am PST Friday, February 10, 2006
Story appeared in Metro section, Page B1







The riverfront south of Old Sacramento's tourist district is quiet and largely forgotten, except for the bikers and joggers who brave a soaring freeway overpass, oil storage tanks and a city sewage reservoir en route to Discovery Park.
Now the city of Sacramento is seeking to reclaim this 43-acre stretch of the Sacramento River - called the "docks" - as a new neighborhood that could have more than 1,000 units of tightly packed high-rise and midrise housing.

The city recently picked the same group that is redeveloping San Francisco's Treasure Island to carry out this transformation.


As part of the project, the city is planning a broad pedestrian promenade that would hug the riverfront all the way from Old Sacramento to Miller Park, an underused park and marina at the end of Broadway.
"We're really trying to gain access to our riverfront and enhance public enjoyment of it," said Sacramento economic development director Wendy Saunders.

If the effort succeeds, it would give new identity to a section of the riverfront that has languished since its heyday in the Gold Rush, when ships moored at docks along the shoreline and unloaded goods that were then sent by rail up the R Street industrial corridor.

Highways eventually superseded the river as a mover of industrial goods, and the construction of Interstate 5 cut the Sacramento River off from downtown. The rail bridge that once carried goods to R Street is being converted into a pedestrian and bike crossway.

In January, the City Council voted to negotiate with KSWM Docks Partners of San Francisco to refine a plan for the site, a nearly teardrop-shaped piece of land that stretches south to Miller Park and is bounded by the river on the west and the freeway on the east.

The blueprint that emerges from this process will have to go back to the council for final approval.

One reason the city chose KSWM from among eight competing teams was because it included the developers who renovated the San Francisco Ferry Building into a much-admired culinary marketplace of Bay Area restaurants and food vendors.

"Of course, we're all terribly impressed with the Ferry Building, but we were also really impressed that even their funding partner was very committed to quality and talked about instances where they had been willing to sacrifice (financial) returns for quality," Saunders said.

"And they're doing Treasure Island, so they've obviously had some experience with environmentally challenged sites."

Jay Wallace, a partner in Kenwood Investments, the "K" in KSWM Docks Partners, called both Treasure Island and the docks area "great waterfront sites that deserve great attention."

Kenwood is manager of the 400-acre Treasure Island redevelopment area.

The city's drive to redevelop the docks area is part of a larger effort by both West Sacramento and Sacramento to rejuvenate both sides of the river - an effort that has produced big plans but little in the way of actual construction to date.

The docks isn't the only neglected, challenging site on the Sacramento side of the river.

City leaders have long hoped to see an extension of downtown into the former Southern Pacific railyard.

A group backed by Georgia developer Stanley Thomas is proposing to build a neighborhood of 20,000 people on the 240-acre railyard property.

Negotiations to buy the heavily contaminated railyard from Union Pacific have dragged on for three years, but some of those involved with the docks said it has the potential to develop faster.

For one thing, it is much smaller, and only one piece of it - a former Pacific Gas and Electric power plant - has a problem with toxic contamination.

The PG&E site can't be used for housing, so the city is considering moving its Pioneer Reservoir, an enclosed sewage storage tank, to the property and covering it with a park.

The Towe Auto Museum would likely be moved to another site, said city staff members. The animal shelter probably could stay in the new neighborhood.

Saunders said the city would focus first on developing the 23 acres north of the Pioneer Bridge.

The southern portion, which stretches from the freeway overpass to Miller Park, is dotted with oil storage tanks and held mostly by private owners.

As the docks effort moves forward, the longtime private owners of another large piece of industrial property adjacent to Miller Park - the end of the docks area - are also pursuing possible housing and retail development.

The Setzer family, which has operated its forest products company at the foot of Broadway since 1927, is weighing proposals from developers that responded to a solicitation for ideas for its 31 acres.

"We know the city is doing exciting things, and we think it's a real opportunity," said Mark Kable, the company's chief executive officer.




http://www.sacbee.com/content/news/s...14999274c.html
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  #127  
Old Posted Feb 11, 2006, 12:19 AM
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Wow, two great stories in one day. Let's hope that what they said about the docks being faster to develope than the railyards holds true.
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  #128  
Old Posted Feb 11, 2006, 8:42 AM
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Originally Posted by ltsmotorsport
Wow, two great stories in one day. Let's hope that what they said about the docks being faster to develope than the railyards holds true.


Well according to predictions by Bob Shallit (SacBee) and Construction Guy, we should be hearing about the railyards deal closing soon.....


Let's hope they're correct....


As far as the riverfront "Docks" project, I couldn't agree more. The faster the better. The city will have $35 million dollars to spend on riverfront improvements from the surplus land sale at the Port which will help (a lot).

Intel's exapansion......
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  #129  
Old Posted Feb 11, 2006, 9:49 PM
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wow I didn't know that Sacaramento has a proposal or is under consruction a tower with 53 stories
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  #130  
Old Posted Feb 12, 2006, 2:48 AM
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wow I didn't know that Sacaramento has a proposal or is under consruction a tower with 53 stories
Twin 53 story towers (test driving piles). The towers are possibly going to be raised to 55 stories as far as we can tell. So approximately 635' each.

Two other 50+ story towers in the planning stages as well as another 14 towers planned/approved or under construction. For a total of 18 towers. That's not including two towers proposed for K street. Obviously not all will get built (unless we're very lucky..). (Wishful thinking)
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  #131  
Old Posted Feb 12, 2006, 5:34 AM
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WOW thats cool man.
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  #132  
Old Posted Feb 12, 2006, 5:55 AM
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Originally Posted by urban_encounter
Twin 53 story towers (test driving piles). The towers are possibly going to be raised to 55 stories as far as we can tell. So approximately 635' each.

Two other 50+ story towers in the planning stages as well as another 14 towers planned/approved or under construction. For a total of 18 towers. That's not including two towers proposed for K street. Obviously not all will get built (unless we're very lucky..). (Wishful thinking)
I'm guessing that 18 tower count doesn't include anything from the docks, asian trade centers or railyards right? (which would push it over 30 towers probably)
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  #133  
Old Posted Feb 12, 2006, 9:27 PM
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I'm guessing that 18 tower count doesn't include anything from the docks, asian trade centers or railyards right? (which would push it over 30 towers probably)

Correct, the 18 towers are proposals that are planned or under construction and doesn't include Saca's K street towers, Sacramento Gateway (the Railyards) or "Docks". I didn't inlcude those because there are no concrete renderings, number of buildings or height estimations etc.... Also who knows if we will ever actually see an Asian trade center.

Lets keep our fingers crossed.
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  #134  
Old Posted Feb 14, 2006, 4:34 AM
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Does that number include the West End Project?
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  #135  
Old Posted Feb 16, 2006, 3:26 AM
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Build condos on the riverfront, council says

By Mary Lynne Vellinga -- Bee Staff Writer
Published 3:55 pm PST Wednesday, February 15, 2006



A year ago, the city of Sacramento asked for proposals from groups interested in rehabilitating the old PG&E electric plant on the waterfront just north of Old Sacramento.
But what the city embraced this week is far different than originally envisioned.
The city council unanimously endorsed Tuesday a proposal by homebuilding giant D.R. Horton to erect high-rise condominiums next to the power plant and use some of the profits to help restore the crumbling Beaux Arts power station to some as-yet-undetermined use.
Council members said they didn't expect someone to propose putting a 15-story condo tower along the bike trail in the middle of a planned public park, but they nonetheless thought it was a good idea.

"When I'm done with elected life, I may want to come and live there," said Councilwoman Lauren Hammond.

The council directed city staff members to spend the next 180 days negotiating exclusively with a team including D.R. Horton, local developer Ken Fahn and architect David Mogavero.

The city bought the old power plant for $1 from the state of California, which at one time planned to turn it into a water museum. That idea was abandoned in 1993 amid budget concerns and state fears that a planned freeway onramp could aesthetically mar the site. The onramp never materialized.

A spate of new museum proposals for the old building were rejected by a city selection committee as too dependent on uncertain fundraising efforts that could take years to materialize. A museum wasn't ruled out as part of the larger residential development, however.

"There were some admirable applications submitted, but one of the things the committee wrestled with was the question of reality: Could these things be funded?" said selection committee head Bob Chase.


Evangaline Higginbotham, executive director of the Discovery Museum in Old Sacramento, said her organization still hoped to build a planetarium and science museum in the old power plant. Discovery Museum representatives plan to meet with the development team next week.

"What the downtown Sacramento district lacks is a high-tech, state of the art, science and space museum," Higginbotham said.

For more details, see Thursday's Bee.



(Here is an image of the property directly North of Old Sacramento that involves this new proposal).



http://www.sacbee.com/content/breaki...15018350c.html


To Recap another proposal:

To the South of Old Sacramento, the City Council voted (In January) to negotiate with KSWM Docks Partners of San Francisco for development of high density residential for 35 acres along the waterfront known as the Docks.




Here is a google image of the 35 acre Docks project site to the South of Old Sacramento.


The Waterfront looks to be coming together (even better than I had anticipated)........
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  #136  
Old Posted Feb 16, 2006, 3:37 AM
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To Recap.....

Edit (duplicate)
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  #137  
Old Posted Feb 16, 2006, 6:17 PM
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Condo plan's a surprise

Last year, the city requested proposals for rehabilitating the old PG&E electric plant on the waterfront. This week the City Council accepted one.
By Mary Lynne Vellinga -- Bee Staff Writer
Thursday, February 16, 2006
Story appeared in Metro section, Page B1



Artist's rendering of the Jibboom Street project.

A year ago, the city of Sacramento asked for proposals from groups interested in rehabilitating the old PG&E electric plant on the waterfront just north of Old Sacramento.
But what the city embraced this week is far different than originally envisioned.

The City Council unanimously endorsed Tuesday a proposal by home-building giant D.R. Horton to erect high-rise condominiums next to the power plant and use some of the profits to help restore the crumbling Beaux Arts-style power station to some as-yet-undetermined use.

Council members said they didn't expect someone to propose putting a 15-story condo tower along the bike trail in the middle of a planned public park, but they nonetheless thought it was a good idea.

"When I'm done with elected life, I may want to come and live there," said Councilwoman Lauren Hammond.

The council directed city staff members to spend the next 180 days negotiating exclusively with a team including D.R. Horton, local developer Ken Fahn and architect David Mogavero.

The city bought the old power plant for $1 from the state of California, which at one time planned to turn it into a water museum. That idea was abandoned in 1993 amid budget concerns and state fears that a planned freeway onramp could aesthetically mar the site. The onramp never materialized.

A spate of new museum proposals for the old building were rejected by a city selection committee as too dependent on uncertain fundraising efforts that could take years to materialize. A museum wasn't ruled out as part of the larger residential development, however.

"There were some admirable applications submitted, but one of the things the committee wrestled with with was the question of reality: Could these things be funded?" said selection committee head Bob Chase.

Evangeline Higginbotham, executive director of the Discovery Museum in Old Sacramento, said her organization still hoped to build a planetarium and science museum in the old power plant. Discovery Museum representatives plan to meet with the development team next week.

"What the downtown Sacramento district lacks is a high-tech, state of the art, science and space museum," Higginbotham said.

While they expressed enthusiasm for the idea of waterfront housing - and the tax revenues it would produce - City Council members said they wanted to make sure the bike trail and riverfront remained unobstructed, the old power plant was open to the public, and the site retained a substantial amount of park acreage.

To the south, the planned park opens up onto the city's new, architecturally acclaimed water intake facility.

Mogavero assured the council that the housing would occupy acreage formerly designated for parking, not parkland, and that the project would provide public parking in a garage and along Jibboom Street.

An early concept for the condominium tower and power plant includes a public amphitheater south of the historic building that could be used for concerts.

Councilman Ray Tretheway said that even if a museum were to be located in the power plant itself, he would like to see the building opened up at night for public events and private receptions.

"I'm a little hestitant to have a museum that opens at 10 o'clock and closes at 5 or 6 o'clock," Tretheway said. "I'd hate to see that building go dark."

The former power plant has, in fact, been dark for nearly half of its 93-year existence. It has stood silent sentry along the bike trail, plainly visible from Interstate 5, too solid to tear down and too expensive to fix up.

Pacific Gas and Electric Co. built the Jibboom Street power plant in 1912. The building was designed by prominent San Francisco architect Willis Polk.

The building's oil-fired turbines ran until 1954, when the facility was closed. Shortly thereafter, it reopened as a junkyard. The state closed the yard in 1965 after it acquired the site as part of the construction of I-5.

The cost of renovating the power plant was estimated in 2000 at $6.5 million, a price tag that has surely risen. But it would have been much higher if the state and federal governments hadn't already spent $5.2 million to clean up the former Superfund site.

Much of the money was recouped from former customers of the junkyard, which caused the contamination with lead, copper, zinc and low levels of polychlorinated biphenyls.

ON THE DRAWING BOARD
• 15-story condominium tower along the bike trail in the middle of a planned public park

• Parking garage open to the public

• Amphitheater south of the old power plant that could be used for concerts


The old PG&E electric plant on the waterfront.




A Sacramento public works machinist illuminates the ghostly interior of the former PG&E power plant. The building's oil-fired turbines ran until 1954, when the facility was closed. The plant later reopened as a junkyard, but it was closed in 1965.

(Posted by GrowinUp in the Sacramento Construction Forum)
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  #138  
Old Posted Feb 16, 2006, 6:19 PM
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And across the river ........

By Ed Fletcher -- Bee Staff Writer
Published 2:15 am PST Thursday, February 16, 2006
Story appeared in Metro section, Page B3


Under a plan given final approval Wednesday by West Sacramento's City Council, the ziggurat-shaped former Money Store may soon have high-rise company.
The tallest building planned for the Raley's Landing project - which consists of high-, mid-and low-rise buildings with office, residential and retail space across the river from Old Sacramento - will be 19 stories.

The development agreement gives Sacramento's Panattoni Development Co. three years to begin construction of the project under the city's current fee structure.

Amendments to the agreement, reached at an earlier meeting, helped council members overcame their concerns about traffic to and from the project.
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  #139  
Old Posted Feb 16, 2006, 6:28 PM
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Originally Posted by ltsmotorsport
Does that number include the West End Project?

Yes....
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  #140  
Old Posted Feb 16, 2006, 6:30 PM
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Good news for W. Sac and that rendering for the PG&E building and condos looks really good.
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