Lots of new opportunities
With the new entertainment and sports complex, i suspect we will see interest in this former site pick up (currentlyowned by Cal PERS and CIM i think). But there are also sites at 601 Capital Mall, 500 L street, 701 L street that are all directly adjacent to the arena site. 701 L street is owned by the Benvenutti family (also minority owners of the Kings).
Hopefully though any residential towers are scaled to work in this market. John Saca came close and they would have been nice. This time around though maybe aiming for something more realistic might work once the arena and new mall are up and running.
On the 701 L street site (the Old Greyhound Depot), it might be a perfect location for the proposed Sacramento Public Market which would also allow the art deco facade to be preserved.
We'll see.
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“The best friend on earth of man is the tree. When we use the tree respectfully and economically, we have one of the greatest resources on the earth.” – Frank Lloyd Wright
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