Sacramento Proposal/Approval/Construction Thread - III

[rampant_jwalker]

Originally Posted by BOYCOTT 90210

Can anyone find a picture of the project being built here? I can't find it. This is great for the area. I went to Christian Brothers HS and this corner is just a big paved lot. http://www.bizjournals.com/sacrament...-sacramen.html

Thanks for sharing, this is great news! That area of Oak Park is really coming back to life. I did a little searching and found a small picture on the developer's "on the boards" website here: http://www.relatedcalifornia.com/our...On-the-Boards/ ...It's the third image with the orange clouds

[wburg]

Lots of interesting stuff going on in Oak Park these days--the Triangle is still technically on the books, and apparently the folks from Naked Lounge coffeehouse are going to open a restaurant and bakery in the old Primo's Swiss Club/Arata Bros. building next to the bank on 34th/35th and Broadway.

[kamehameha]

Two New Hotels Costing $100 Million Planned for Sacramento Airport
Posted on April 13, 2012 by CVadmin
http://www.bloomberg.com/news/2012-0...r-airport.html
Sonnenblick Development LLC, which helped develop Loews Santa Monica Beach Hotel, will spend $100 million on two hotels at California’s Sacramento International Airport, the site’s first new lodging properties in 30 years.

The Los Angeles-based company won the contract to build the hotels, to be attached to the airport’s new Terminal B, according to Robert Sonnenblick, the company’s principal. Construction of a 225-room full-service hotel and a 150-room limited-service property will start in mid-2013, with an opening planned for the first quarter of 2015, he said.

Hotel development has been stagnant in California and across the U.S. because construction financing has been difficult to obtain, according to Sonnenblick. The Sacramento airport’s only hotel, a 150-room property from the mid-1970s, was demolished to make room for the new terminal, he said.

[kamehameha]

http://www.sonndev.com/2012/04/hotel...mento-airport/

[wburg]

Remember way back a long time ago when Sacramento was a place where trains and railroad equipment were built? Guess what--we never stopped!

Siemens lands $73 million sale of light-rail cars
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By Mark Glover
mglover@sacbee.com
Published: Thursday, May. 24, 2012 - 12:00 am | Page 6B

Sacramento's Siemens manufacturing plant will build 18 of its S70 light-rail vehicles for TriMet in Portland, Ore., under a $73 million contract being announced today.

All manufacturing will be done at Siemens' facility on French Road in south Sacramento. That plant is powered in part by 2 megawatts of solar energy.

The first new rail cars are expected to be delivered in August 2014. The 18 vehicles were ordered as a part of the Portland-Milwaukie light-rail transit project, an extension of light rail over 7.3 miles, connecting key points in the Portland area. When it opens in September 2015, it will boost the overall light-rail system to 60 miles and 97 stations.

Michael Cahill, president of Siemens' Rail Systems Division, said the new contract will not prompt new hires locally. He said the existing workforce of about 800 will handle the work.

"It's a tough economy, and we're thankful for what we can get," he said. "We've been fortunate in getting a couple of contracts."

Almost exactly one year ago, Siemens announced that the Sacramento plant would build four new streetcars for the Metropolitan Atlanta Rapid Transit Authority, part of a $17.2 million contract. The first car under that contract is expected to be delivered in September this year.

In April 2011, Siemens announced it would make 19 light-rail cars as part of an $83 million contract awarded by Houston METRO.

In October 2010, the local plant announced the addition of 200 jobs as part of a $466 million contract to build electric locomotives for Amtrak's East Coast rail fleet.

On Wednesday, Cahill noted that sections of Portland already have benefited from rail transportation, and he's hopeful other U.S. cities will follow that lead.

"The renaissance of rail, as we like to call it, is happening in the United States," he said. "It's not happening quickly enough for us … It can rejuvenate a (downtown) area."

Portland's latest light-rail project is considered a key to development, with about 22,000 households and 85,000 employees within walking distance of the stations. A projected 25,000 trips will be taken on the new line each weekday by 2030.

"This fifth generation of MAX light-rail vehicles will include many improvements for riders and operators," said Dan Blocher, TriMet's executive director of capital projects. "We're excited to be working with Siemens on the MAX vehicles TriMet needs to operate the region's light-rail system …"

Siemens' S70 Type 5 vehicle for the Portland project has a maximum speed of 55 mph. Its low-floor design lets passengers board at street level.

Read more here: http://www.sacbee.com/2012/05/24/451...#storylink=cpy

We're building light-rail trains, streetcars, and electric passenger locomotives, at a solar-powered facility. That's pretty cool.

[Web]

hmmmm where are the California Jobs keep leaving due to bad business climate people . Nevada doesnt seem to be growing as fast anymore is it.

[kamehameha]

This is our chance to build blocks after blocks of affordable high rise apartments a la Singapore or Manila. A golden opportunity for Sacramento to alter its skyline. Some reports says as many as 35,000 thousand units are needed for affordable housing.


Higher apartment demand makes good opportunity for developers, investors
Sacramento Business Journal Date: Tuesday, May 29, 2012, 6:46am PDT - Last Modified: Tuesday, May 29, 2012, 7:19am PDT

Related:Commercial Real Estate, Residential Real Estate, Sacramento, Four-county Sacramento region, Economic Snapshot, Davis, Elk Grove, Folsom, Orangevale Enlarge Image Increased demand for apartments in the Sacramento region has pushed vacancy rates down to 4.4 percent, the tightest market since 2002. Rates range from a low of 0.4 percent in Davis to 4.5 percent in Elk Grove.

Rising demand and restricted supply makes multifamily housing in the Sacramento region a good bet for investors and developers, says a new research report from commercial brokerage Marcus & Millichap Marcus & Millichap Latest from The Business Journals Happy days are here again for downtown apartment ownersDevelopers, investors eye higher apartment demandApartment demand creates investor competition Follow this company .

Rising employment levels means more families will be looking for homes, and many still cannot afford to purchase. But over the past four years, just 600 apartments have been added to the market — well below pre-recession averages, the report concluded. Though developers have begun planning multifamily projects, none are expected to open this year.


http://www.bizjournals.com/sacrament...tor-oppor.html

[Pistola916]

High-rise residential not going to happen. More like four-five story apartment buildings.

[ozone]

kamehameha it seems likely that it will put pressure on the Railyards and certain other areas in around the central city but will do not have the economic pressures nor the culture to have skyline altering high-rise living ala Singapore in Sacramento. Too much urbanophobia here.

[wburg]

What is the average square footage of those units in Singapore or Manila?

[kamehameha]

I'll say about 60sq meters or roughly 570-575 sq feet.

[wburg]

The question is, are population densities like those found in Singapore found anywhere in the United States? If you're expecting Sacramento to turn into a hyper-dense Singapore-style megalopolis overnight, it seems like you're just setting yourself up for disappointment...those are densities that would make San Franciscans blanch!

[v.o.r.t.e.x]

Originally Posted by Pistola916

High-rise residential not going to happen. More like four-five story apartment buildings.

four five is okay, i saw today project for 26/r street appts - 2 stories suburb style

[wburg]

I was at that groundbreaking. Calling them "suburb style" is a bit of a stretch--they're 2-3 story single-family homes, but separated by only a couple of feet, with no backyard to speak of, no driveway and only one parking garage space. There will be 36 of them in a little more than an acre, which is a density you don't find in suburban neighborhoods, but it's a common infill density in central city neighborhoods like Newton Booth.

The 4-5 story apartments are happening farther west--the CADA projects on 16th that are under construction, CFY's project for the CADA warehouse on 11th and R, etcetera. There's a ton of localized infill which are small projects individually but add up to a lot--and as we run out of infill projects, those bigger vacant areas close to the river will start drawing investor interest. In the Docks area off Front Street, the lot that used to be an old gas manufacturing plant and powerplant is being dug up right now--hopefully toxic remediation to be done in advance of riverfront development. The obstacle these days is financing, and there just isn't the private finance market for high-rise residential around these parts yet. They're still looking eastward at all that unsold suburban housing stock.

[ozone]

Originally Posted by v.o.r.t.e.x

four five is okay, i saw today project for 26/r street appts - 2 stories suburb style

I agree with Mr. Burg. They're not single-family detached ranch houses. Even in much denser cities you can find new in-fill like this in neighborhoods away from their downtown core.

I have lived in a couple of high-rises before and enjoyed the experience, but I'm OK with having a variety of urban housing types to match different people's tastes and needs. But If I lived in a high-rise here in Sacramento I would probably not be awaken by loud drunks stumbling past my window at 2:00AM.

Obviously, they are not appropriate everywhere but I personally would rather see a few high-rises (12 floors or more) with a smaller footprint than whole a lot of bulky 4-7 story mid-rises.

High-rise apartments have advantages in urban areas because they can accommodate more inhabitants per unit of an area and they therefore decrease the cost of city infrastructure.

The difference between places like Singapore and here is that there the land prices are so high that almost the entire population lives in high-rise apartments. As Mr. Burg pointed out correctly we do not have the same situation here.

[kamehameha]

This huge apartment complex in West Sacramento's bridge district will break ground late summer 2012. The building is midrise with a total of 6 stories including two levels of parking.

http://www.dbarchitect.com/project_d...acramento.html

[v.o.r.t.e.x]

Is 700 K street project dead? I dont hear much about this project about a year. Maybe this demand on rent appts can turn some developers money on k street

[ozone]

Originally Posted by kamehameha

This huge apartment complex in West Sacramento's bridge district will break ground late summer 2012. The building is midrise with a total of 6 stories including two levels of parking.

http://www.dbarchitect.com/project_d...acramento.html

Awesome to see the progress. Way to go WeSac! Isn't this the first housing project in the Bridge District? Even though it's across the river in West Sacramento I pretty much consider the Bridge District to be a part of Sacramento's central city. It's certainly more so than much of the City of Sacramento. It will be fun to watch the progress.

[CAGeoNerd]

Ah, I know exactly where that's going, it's across the street to your right when you take the So. River Road exit from Business 80 heading west. They're already putting in a park in the area directly southeast of where this housing will go. Looks like some prime homeless camping spots, but great to see that area getting developed. Now if they can manage to fill the rest of that area up with mid and high rises it will be a new destination!

[wburg]

Originally Posted by v.o.r.t.e.x

Is 700 K street project dead? I dont hear much about this project about a year. Maybe this demand on rent appts can turn some developers money on k street

No, it's still alive. Because it was caught up in all the redevelopment hoopla there were complications, but it is still happening. The 800 block, on the other hand, that's another story.