The Zigguart Hits The Market
West Sacramento’s distinctive pyramid-shaped office building, The Ziggurat, is for sale for the first time in more than two decades. The Sacramento Business Journal's Sonya Sorich says the 11-story building is being listed without a price.
"Brokers from Cushman & Wakefield have confirmed the listing, but declined to comment further,” says Sorich. “The Ziggurat was built in 1998 and is a defining waterfront feature for West Sacramento. It appears the current owner of the building is an entity based in New York City."
Right now, the building is occupied by the state Department of General Services. Ultimately, DGS plans to move to a state-owned building in downtown Sacramento. But it'll be at the Ziggurat for several more years. Meanwhile, several other projects are planned near the Ziggurat. To the north, the California State Teachers' Retirement System is planning a second building next to its headquarters. And to the south, a development company has filed plans to build condominiums, retail space and hotel rooms.
New Hotel – 14i – Planned In Downtown Sacramento
Developers are planning to build an unconventional hotel in downtown Sacramento. They're calling it 14i and it would be on property that's currently empty at 14th and I streets, about a block north of the Sacramento Convention Center. Sorich says the six-story hotel isn't expected to have onsite management. Instead, guests will arrange rentals either through Airbnb or direct contact with the owner.
"There also won't be a conventional check-in process,” says Sorich. “Guests will use an access code to open a lockbox for their room."
Among other things, the setup helps hotels cut down on overhead costs. But the new hotel would still have a management office on the ground floor, and amenities like a washer-dryer, a meeting area and bike storage space.
Redevelopment Project Planned At Roseville Galleria
Changes could be coming soon to the Sacramento area’s largest shopping center – the Roseville Galleria. Plans are in the works to redevelop the west wing of the mall. Sorich says leasing materials online cite 27,000 square-feet of available retail and restaurant space on level one of the Galleria
"The redevelopment plans seem to focus on an outdoor area of the mall, which is known as the Promenade," says Sorich.
No tenants have been confirmed yet. But leasing materials suggest the Galleria could add more restaurants, a gym, and a co-working space. Business analysts say it's more evidence of how malls are responding to changes in standard brick-and-mortar retail.
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