Southern Land Company has revealed plans to build Sacramento’s first luxury high-rise mixed-use residences. The mixed-use project, which will be located at Capitol Mall and 3rd Street in Sacramento, will include about 28 stories, 225 luxury apartment units, and an 80,000-square-foot mass wood office structure in a prominent position just 0.2 miles from Golden 1 Center, home of the Sacramento Kings. Residents of the property will enjoy a one-of-a-kind live-work-play lifestyle. Future inhabitants will be near a plethora of shopping and eating options, as well as three million square feet of business space.
Residents will also have direct access to Crocker Park, which is immediate across the street, as well as the Crocker Art Museum, which is one of North America’s major art museums. The Sacramento Kings began seeking a partner to help bring the new project to reality, and they found that partner in Salt Lake City. The SLC Jazz then purchased the 2.56-acre land from the Sacramento Kings. The lot has long been utilized as a surface parking lot for employees of local businesses. Renderings of the project, as well as further information about its design and features, will be made available at a later date. The developer expects to begin construction in 2023. Developers are anticipated to disclose blueprints and drawings as the project nears completion.
“This site’s activation builds on our initial concept for downtown, Sacramento, the arena, and Downtown Commons.” In a statement, Sacramento Kings Owner and Chairman Vivek Ranadivé remarked, “Southern Land Company is the ideal partner to bring this exciting project to life.” “We are delighted to construct a stunning mixed-use project in an excellent location that will add to the energy of downtown Sacramento.” “We are appreciative to the Sacramento Kings for thinking that we are the ideal team for the job of changing and rejuvenating the property into something that future inhabitants and the wider Sacramento community can be proud of,” stated Tim Downey, SLC Founder, and CEO.