It’s hard to believe how much has not changed at the former Towers site… it's been six years today since the job to construct two 53-story residential towers at Third Street and Capitol Mall was halted. Even if the two 600-foot towers estimated to cost $750 million project had been built, with the regions record home foreclosure rate over the last 4 years, today I imagine it would sit more than half empty like the L Street Lofts which only sold 22 of the 92-units. My contact at CalPERS says there are no plans to develop the site in the near future.  Just think, if 17 more condominiums would have sold to reach the bank requirement of 400 units, money from CalPERS and Deutsche Bank would ha

For the next two weeks at Site 2, the contractor will be laying out and beginning to install plumbing, laying out the mechanical system, laying out and framing the third floor walls, floor joists, and laying out and framing fourth floor walls. At Site3, the contractor will be laying out walls on the newly-poured concrete deck above the first floor, removing the shoring that supported this floor during concrete pouring, begin framing the second floor, and install the plywood decking for the third floor. Work to lay out the building’s mechanical, plumbing and electrical systems will begin. Work began on this project at both the SW and NW corners of 16th and O Streets January 12th and i

With just a few more bricks to lay, “Seventh & H” looks pretty sharp for an affordable housing project. The eight-story, $47.4 million, 150-unit building by Mercy Housing is the first new structure going up in the railyards redevelopment project area. The project expected to be compleated in the Fall of this year. This project below at 626 I Steet will consist of 108 units for occupancy by extremely low income elderly persons in September 2012. This rehabilitation project project cost $19.4 million and was funded by grants to modernize the vacate building. Most of the funding came from the Federal Government, as part of the American Recovery and Reinvestment Act of 2009 (ARRA). See before

The final touches are being taken care of at the new La Valentine apartments and judging by their Facebook page, they have a steady flow of new tenants moving in too.  This $27 million project has 81 units of affordable housing adjacent to the Alkali Flat/La Valentina light rail station. La Valentina Apartments - 429 12th Street, Sacramento, California 95814

Wells Fargo Center 20th Anniversary Today is the 20th anniversary of the Grand Opening for the Wells Fargo Center on Capitol Mall. As Sacramento’s tallest building at 423 ft, it has a distinctive curved copper roof caps the building, with a cleft in its middle as a postmodern architectural style. Inside the building there is a five-story clear glass atrium with granite and marble walls with a Wells Fargo history museum is located in the lobby and Il Fornaio Restaurant. The architect Hellmuth, Obata and Kassenbaum (HOK) designed the tower which also won the BOMA Building of the Year Award for 1994. This 502,000 sf. building occupies an entire 2.3 acre city block with a masonry & granite