Curtis Park Safeway To Open March 6th — Without Gas Station
A new Safeway is scheduled to open in Sacramento's Curtis Park neighborhood on March 6 without an accompanying gas station. Some residents are opposed to a gas station, and the city denied a conditional use permit for a Safeway-branded gas station at the site. Developer Paul Petrovich is in litigation with the city over that denial. Meanwhile, the Sacramento Business Journal's Sonya Sorich says the grocery store is just one part of the 400 million dollar retail center called Crocker Village.
"The center will have six anchor tenants and more than 45 tenants overall at buildout," says Sorich. "We know it will also include a Peet's Coffee shop and a Pet Supplies Plus store that's moving from a center that Petrovich owns nearby."
Crocker Village will also include 500 residential units. The project is on a former railyard of about 70-acres between the Curtis Park neighborhood and Sacramento City College.
Burkle Agrees To Buy Proposed Railyards Soccer Stadium Site
It was also a significant week for the planned Downtown Railyards development just north of downtown Sacramento. A billionaire investor has agreed to purchase the proposed soccer stadium site in the Railyards.
Ron Burkle, the co-founder and managing partner of a Los Angeles-based private equity firm, has agreed to buy a majority ownership in the Sacramento Republic soccer club, as well as the proposed soccer stadium site and an additional 14 acres for an entertainment district in the Railyards. Burkle's agreement to purchase the team and the stadium site is predicated on Major League Soccer choosing Sacramento for an expansion team.
"MLS officials previously indicated that the Republic needed a billionaire lead investor for Sacramento's franchise bid to succeed," says Sorich. "This looks like a step in the right direction. Burkle is also a part-owner of the Pittsburgh Penguins professional hockey team, and his net worth is estimated at $2 billion, according to Forbes."
Kaiser Purchases Railyards Parcel
And the other big piece of Railyards news: Kaiser has completed a land purchase for a planned medical center in the development. Kaiser Foundation Hospitals paid $33 million for an 18-acre property in the Railyards. Kaiser is expected to be a major tenant for the Railyards, and this land purchase has been in the works for a while.
"We don't know for sure when Kaiser will break ground on the project, though the health system has previously said it hopes to break ground this year," says Sorich. "The Railyards hospital is expected to eventually include 420 beds in a 14-story building, and it will replace Kaiser's Morse Avenue hospital."
The entire Railyards project is expected to span 200 acres. Other planned elements include a county courthouse and a six-story mixed-use project with apartments.