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Downtown Sacramento Plaza Project to Begin Construction

Kings Arena Update

The C-III Asset Management Group, the group who purchased the Downtown Plaza area, has taken the city of Sacramento to court. Their argument pertains to the market value of the former Macy’s property. Each of the parties is allegedly millions of dollars apart.

Despite this legal trouble, construction will begin. The tower itself will be up before the city planning commission for former approval on Feb 26. Groundbreaking will occur in March. Hotel flag and specific stores and restaurants will be announced as the project gets underway.

Swinerton Builders has been named the Commercial Construction and Construction Management Company chose for the project. An estimated 220 concrete trunks will begin descending on Downtown in early February to pour the foundation for the $477 million sports and entertainment facility being built between L and K and Fifth and Sixth Streets. The concrete pouring will last through March 4 so that it can strengthen and cure properly.

The project will include shopping and restaurants along the plaza as well as a 16-story tower with retail and office space as well as 250 hotel rooms and 69 condominiums. 550 housing units may also go into development around the new arena. The whole area would require a new traffic pattern with drivers going to the hotel coming off J Street and into an overhang. Parking would positioned so that valets wouldn’t have to go back onto city streets at all.

This blog post is compliments of the General Store and Deli 500 Capitol Mall Suite #130 Sacramento, CA 95814.