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Business Journal: Downtown Development Projects Move Forward Including Sacramento Commons, WeWork And Calling All Dreamers

Bob Moffitt / Capital Public Radio
 

Bob Moffitt / Capital Public Radio

Work On Sacramento Commons To Start Soon

Work on Downtown Sacramento’s largest housing project in decades, Sacramento Commons, is expected to start soon. Some preliminary work is already underway at the downtown site surrounded by Fifth, Seventh, N and P streets.

There are already 86 existing apartments at the site, but demolition of these is expected to begin around Aug. 1. Those apartments have been empty since last year, and the demolition will allow construction of Sacramento Commons to begin. Construction on the new seven-story structure with 218 units could begin in the middle of September.

Construction is expected to take about two and a half years once it begins, and it’s still unknown how much it will cost to live at this new project. Sacramento-based Deacon Construction will be the general contractor for the project, and the project developer is Weidner Apartment Homes. A project cost wasn’t available this week.

The original entitlements for this project called for as many as four mid-rise buildings on this site, as well as three taller residential buildings. It’s unclear how those other phases of the project will proceed.

Coworking Firm WeWork Signs Lease In Downtown Sacramento

WeWork, a New York-based coworking firm, will occupy more than 96,000 square feet in downtown Sacramento that could open in 2021. It’s the single biggest office lease in the Sacramento region this year.

The company will be in the top three floors of 660 J Street. The building is owned by the Sacramento Kings and JMA Ventures.

Work is expected to begin by the end of the year for an exterior refresh of the building. The First floor is expected to remain retail space, including a branch of Golden 1 Credit Union. Other retailers are expected to be added.

This is the second site WeWork has announced for downtown Sacramento. The company said earlier this year that it will lease two floors at 400 Capitol Mall as well.

The two downtown sites will complement each other, according to WeWork. The upcoming site on J Street will have workspaces, conference rooms and a common area for collaborations.

The addition is consistent with the work-live-play model sketched out for Downtown Commons, the downtown redevelopment area that includes the site at 660 J Street, according to representatives from the Sacramento Kings.

Five Finalists Remain In Calling All Dreamers Contest

Five finalists are left in the Calling All Dreamers contest, which helps a winner open a storefront in Downtown Sacramento. 

Two of the concepts are food businesses, including one that would focus on cereal for breakfast, lunch and dinner. The other would feature hot chicken.There’s also a business that would sell dog accessories and two businesses aimed at crafters.

The contest is put on by the Downtown Sacramento Partnership. The winner will get a startup package worth nearly $100,000. The winner is expected to be announced in September, and public voting will play a role in the final decision.

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