Millennials are the cusp of their prime spending years. But will they spend those dollars on home ownership?
“What makes these revitalization projects so exciting is the creative new ways we are bringing these historic buildings back to life; it makes it great to get up each day,” says Bay Miry, vice president of development for D&S Development and a well-known Sacramento developer whose project at 700 K Street is just one example of a number of regenesis efforts springing up in the Capital Region.
The Jade apartments are empty. The demolition crews are ready. But before the low-rent apartment building is razed to make way for a downtown Hyatt Place hotel, this 95-year-old will have one last chance to shake off a little rust. The Art Hotel is coming.
For the past four years, Star Academy in Natomas didn’t look like a regular school. Due to overcrowding, elementary kids went to class in a commercial building that faced a major street and had warehouse space in the back. Last year, when the moratorium was lifted, the district considered building the new charter school through a lease-leaseback deal. But the method, once a popular way for struggling districts to acquire new facilities, has come under legal fire in recent years.
For decades, single women played an important role in the U.S. housing market, buying more homes than single men. But after the housing crisis, lenders made it harder to qualify for mortgages, and the percentage of single female buyers dropped from 21 percent of purchasers in 2009 to 15 percent this year. Now, they may be poised to make a comeback.
A new business park is coming to Davis — but maybe don’t call it a “business park” if you’re talking to project manager Dan Ramos.
The internet does not paint a pretty picture of Del Paso Heights. When a national team tasked with proposing revitalization measures Googled the North Sacramento neighborhood, crime stories filled the screen. But that’s not the whole story, and local leaders say it is high time the community changed the narrative.
American-made products are in greater demand internationally, opening up another revenue stream for businesses that want to export. PASCO Scientific, an American manufacturer of lab equipment for hands-on STEM education, has expanded its business through export opportunities.
In a few years, a brand new criminal courthouse is expected to open on the edge of the Sacramento railyards. Located on the corner of H and 6th streets, this second Sacramento County court building will be 405,500 square feet with 44 courtrooms. And it’s not the only new courthouse on the horizon. Right now, there are about 100 courthouses identified for development in California.
Eighteen months. That’s how long it took to design and build the 1.2 million-square-foot California Health Care Facility near Stockton. Sound impossible? It was an aggressive effort involving numerous parties. The facility, completed in 2013 to house chronically ill inmates, was lauded for its sustainable design. But the speed of the process was the big deal.
This strip between 14th and 15th street not long ago was a dead zone. Now it’s filled with bars and restaurants. Still, many worry that Sacramento could be roaring into a restaurant glut that could put pressure on current restaurants and those arriving soon.
The construction of downtown Sacramento’s Golden 1 Center, the revitalization of The Kay District, development at the railyards and across the river on the banks of West Sacramento … there’s a lot growing in the area, but one of the most interesting projects is actually in sleepy Carmichael.
Energy: That’s the word that gets repeated often around the Warehouse Artist Lofts on R Street between 11th and 12th streets, and for good reason: The mixed-use loft project is teeming with artists, creative retailers and enterprising restaurants whose diversity is matched only by the eclectic mix of business owners who have bought into developer Ali Youssefi’s plan for the building.
The tiny-house movement is growing fast. According to those who espouse the tiny-house lifestyle, stripping down to the essentials can lead to quite a bit of clarity. Here is a look at how Chris Silva built his.
In the past five years, 57-year-old Elaine Walker has lived in four cities: Washington D.C., two in Northern California and now Orlando, Fla. And in all four, she lived in the same house.That’s because it’s a farmhouse on wheels.
Around the Sacramento region, the Mulvaney’s attitude is rare. So many other chefs and owners are taking up those offers or have their own plans to expand. 2015 is proving to be a banner year for restaurant expansions, and as Sacramento’s new Golden 1 Arena rises, 2016 will surely continue the trend. Here’s just a partial lineup of what’s shaking down around the region:
McMansion, meet tiny house. The symbol of the bubbling 2000s hasn’t exactly been displaced by the sub-400-square-foot home. But for many homebuyers in insecure times, shrinking their square footage has also downsized their worries.