Reduced plans have been filed for the corner lot at 2031 K Street in Midtown, Sacramento. The updated proposal, dubbed 21K Apartments, looks to produce just a few dozen units, a significant reduction from the nearly three-hundred-unit application filed a few years ago. The property is currently for sale, represented by Turton Commercial Real Estate.
Further information remains limited about the latest application, which describes the proposal as featuring 45 dwelling units within the city’s general Commercial Zone and Central City Special Planning District. It’s unclear whether the new owners will seek to merge the three parcels as in the previous iteration, the future floor count, or the potential commercial use.
D&S Development was responsible for the previous application. The project, designed by HRGA, would have included 296 apartments with ground-floor retail, private balconies, and a rooftop deck. The property, spanning 2031 K Street, 2025 K Street, and 2015 K Street, was listed by Turton for $5.6 million. Turton Commercial Real Estate, which represented the listing, has yet to reply to a request for comment.
2015 K Street, 2025 K Street, and 2031 K Street, image via Google Satellite, outlined approximately by YIMBY
The property is currently serving as the temporary location for the Sacramento LGBT Community Center, while the Lavender Heights headquarters nearby on 20th Street is undergoing renovations. The community center opened at 2031 K Street in mid-March this year, and expects to vacate the site before the end of the year.
Further residents would find themselves in a retail-rich neighborhood, though about ten minutes away from the closest grocery store. The city’s central State Capitol Park in Downtown Sacramento is just half a mile away.
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So lame!
There is a huge demand for housing in Sacramento. Investor/developer apprehension about building in the downtown/midtown core is puzzling.
It’s a shame this lot won’t be developed with more density. The same switch of higher density to lower happened at the old Sacramento Bee headquarters.
Hopefully, the 45 units will go on just one parcel. However, if the developer merges all three parcels and only builds 45 units, this is a major disappointment. Frankly, I would rather see a moratorium on construction projects until construction prices and interest rates come down. In the meantime, we need develop the labor pool with skilled construction workers, because labor costs are a major reason for high construction prices.
So the takeaway is that in the very heart of the downtown of the capitol of the fifth-largest economy in the world, a developer is proposing to build a suburban complex that is low-density even for most suburbs.
That’s what I’m getting, anyway.
Why even bother at all pretending Sacramento is a city when stuff like this is being proposed?