By: Leo Canale, Marketing – Sacramento
Urban core projects continue down the pipeline
Downtown Sacramento is currently undergoing a renaissance, with a level of investment activity not seen since the 1920s. An improved local economy and new entertainment and sports complex have jump-started this momentum. In alignment with Mayor Kevin Johnson’s ambitious plan of building 10,000 new units, multi-family developers are capitalizing on the renewed interest in the urban core with a number of Midtown and downtown projects underway.
Good for Sacramento’s growth
It’s amazing to see a reemergence of capital and community unfolding right here in our region. It’s worth noting that Kaiser Permanente plans to build a hospital in the Sacramento Railyards, anchoring development in an area described by city officials as key to the revitalization of downtown Sacramento. Kaiser has entered into a purchase and sale agreement for approximately 18 acres located north of Railyards Boulevard and west of 5th Street.
We think there is a high probability these projects will break ground within this timeframe: