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Thursday, May 23, 2013
4 Proposals for K Street
by William Burg, published on March 21, 2010 at 12:25 PM
Storyline: Central City Neighborhoods
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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:
www.cityofsacramento.org/econdev/news/documents/700800LK_RFQ_Update.pdf
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)
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Its called campaign finace money laundering - or legalized rackateering. Developers buy off the votes of the council, and in retrurn, they are GIVEN hundreds of millions of dollars in the name of "redevelopment."
But no one in the City cares - go back to watching Family Guy and smoke your bowl.
The only way to really have success with Urban renewal is through people actually living there and owning property. Shops alone can't do it. Shop close and employees go home. Residents are always there, they watch what's going on in the area and they care.
I'm supporting whatever plan provides for the most housing. And not this "high end" garbage. Real housing for people with real middle class income.
But, also know, there isn't that much difference between 'high end' developments and 'affordable' ones, except for a few square feet -- the rest is just smoke, mirrors, gauze, and finishing materials... Perhaps if these 'high end' units could be appointed with regular old white refrigerators instead of stainless steel ones, they could end up being 'affordable'....
I am stunned at the utter lack of creativity in the David Taylor proposal however... This type of build would perpetuate the 8 to 10 hour use of K Street rather than a project that would use up more of the clock. But then again, he's known for his 'kleenex box' developments, with the Sheraton as a prime example... I think we have enough kleenex in midtown, thank you very much....
Other than that the other two proposals seem like wishful thinking -- with happy smiling pretty people decorating the retail and hospitality streetscape -- too bad there isn't a smellovision card to go along with these pretty pictures for the effect of ... let's call it 'reality'... on these optimistic optics...
People who work Downtown, actually living Downtown, has so many positives. Reduces crime, stops urban sprawl, removes a few more cars from the already commuter clogged roads, and increases the use of mass transit.
I just hope they keep Residents at the primary focus and not business. Business goes where the people are, not the otherway around.