Historic Maydestone building opens after renovation
A 100-year-old building on the border of downtown and Midtown Sacramento officially reopened Wednesday after about a year of renovation work in what proponents said is an example of redevelopment at its best.
More than 100 businesspeople, developers, city staff and government officials were present at the opening of the Maydestone building as Mayor Kevin Johnson cut a chain with bolt cutters in a twist on the traditional ribbon-cutting ceremony.
“This is something that we’re very proud of in Sacramento,” Johnson said. “(In 1912, the building) had people that lived upstairs who were architects, it had small businesses, there were waiters and waitresses – it was affordable. You fast-forward 100 years, and it’s doing the exact same thing.”
Sacramento-based D&S Development, Inc., handled the $7 million affordable housing project that includes 32 apartments on four floors as well as a basement common room with recreational and relaxation facilities.
Sacramento Housing and Redevelopment Agency Executive Director La Shelle Dozier said the Maydestone’s redevelopment helps Sacramento give off a positive image.
“(Sacramento) shouldn’t be known for coming out of the Memorial Auditorium and seeing vacant and boarded buildings,” she said. “It should be known for projects like the Maydestone.”
Speaking as a board member for the Sacramento Municipal Utilities District, Rob Kerth said the building is a model for redevelopment with a green focus, as LED lighting is prevalent, solar panels were installed on the roof, heating and air-conditioning systems are energy-efficient, and even the elevator generates power as it descends.
Bay Miry of D&S Development said it was the Maydestone building that brought the downtown developers into redevelopment work in partnership with CFY Development, Inc. The two businesses are currently working on the massive project on the 700 block of K Street.
Johnson spoke in favor of redevelopment – a controversial funding mechanism whose future is currently being determined in the California Supreme Court.
“When you have double-digit unemployment figures, anything we can do to create jobs, and this project produced 200 jobs,” he said. “This is a win, win, win on all accounts.”
The 32 apartments in the building on the corner of 15th and J streets range in size from 300 to 700 square feet, and Miry said they are currently being rented out, with more than 30 applications already received.
Sixteen units are available at $729 per month, 13 in a range from $800 – $1,300 per month and three at about $1,500 per month.
Where possible, Miry previously told The Sacramento Press, original built-in storage, furniture and flooring was retained, keeping the building true to its historical character.
Brandon Darnell is a staff reporter for The Sacramento Press. Follow him on Twitter @Brandon_Darnell.