4 Proposals for K Street
On Monday, March 22, the city of Sacramento will host presentations by the four development groups interested in building a project on the 700 and 800 blocks of K Street. This meeting will be held at Old City Hall, 915 I Street, in the 2nd floor hearing room, at 5:30 PM.
The four groups who responded to the Request for Qualifications (RFQ) include:
* Bridge Housing, Saca Development and Bagatelos Development
They propose 360 units of housing, a renovated Bel-Vue, 48,000 square feet of office not on Agency property, and 33,000 square feet of retail.
* David Taylor, CIM Development, Domus, and Zeiden Properties
They propose 110 housing units, including a renovated Bel-Vue, 60,000 square feet of retail and 57,000 square feet of office.
* CFY Development and D&S Development
Their project for the 700 blocks includes retaining the facades on the 700 block, building new units to the alley including 136 residential units and 37,000 feet of retail space.
* Rubicon Partners, St. Anton Partners, and Preferred Capitol Advisors (Sacramento Alliance Team)
This proposal requires the entirety of the 700 and 800 blocks, including properties not under Agency control, to create 400 residential units, a 2000 seat entertainment venue, 175,000 square feet of retail including a grocery and farmer’s market, 150 high-end luxury condos, and a 375 room four-star hotel.
This presentation will allow the public to learn more about the development groups and the proposals. More information about the proposals can be found here:
This meeting will be followed by interviews between the developers and a city-appointed selection committee (at this time, the makeup of the selection committee is unknown to this writer, but the city created the committee on March 15) on March 25. The City Council is expected to decide on a development proposal in April or May of this year.
To learn more, come to the meeting and meet the developers and city staff, who will present the four project proposals.
Monday March 22, 5:30 PM-7:00 PM
Old City Hall (915 I Street)
2nd Floor Hearing Room
Disclosure: William Burg is a board member of the Sacramento Old City Association (SOCA)