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The Downtown Railyards Team
McMartin Realty
2031 K Street, Suite 100
Sacramento, California 95811-4253

(916) 444-7577 office
(866) 720-CITY (2489) toll free
(916) 444-7977 fax


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Making the River District and Richards Blvd livable

Too Much, Too Late

A terrible thing happened just as Sacramento was "growing up" and becoming a vibrant city: the real estate market reversed course after several years of phenomenal gains. Projects like The Towers that John Saca was working on Craig Nassi's Aura Condos—both beautiful highrise residential projects—stalled as the market began changing, leaving Sacramentans still wanting for signature new residential projects.

Sacramento's Second Chance(s) at a First Impression

Despite changes in the regional real estate market, Downtown Sacramento stands as a sign of the city's hopefulness. New, more patient and thoughtfully designed projects have begun to take the place of the more brash, no-such-thing-as-a-bubble developments we thought were the Next Big Thing to hit Downtown. Real estate developer Thomas Enterprises has continued to
plod along methodically with the 240-acre Railyards redevelopment adjacent to Sacramento's existing Downtown area.

Thomas Enterprises' 240-acre Railyards development site adjacent to Downtown SacramentoBut lost in the discussion over the much larger Railyards site is a smaller but very significant redevelopment area just north of Downtown along the American River: the River District.

A River (and Light Rail!) Runs Through It

Comprised of mostly warehouse, semi-industrial, and newer office-use businesses, the Richards Blvd corridor was rebranded as the River District as the city pushed for more infill housing. The largest project in the proposed area is currently Township 9, which is set to add roughly 3,000 housing units (in mostly mid- and highrise developments) between Richards Blvd at 7th St and the American River. Also proposed are a winding road along the river that would run alongside a park and outdoor amphitheater.

Township9's 65-acre residential redevelopment in the River District just north of Downtown Sacramento and the Railyards development siteThe site, anchored at 7th & Richards, is a transit-oriented development (TOD) that will have a light rail station connecting it to Downtown and south by 2010, and eventually continuing north to Natomas and on to the airport as part of the Downtown-Natomas-Airport (DNA) alignment.

The Other "7th & Richards" Site

Also at 7th & Richards in the River District is a key development opportunity that we have listed, 750 Richards Blvd. The site, located at the anchor gateway for Township 9, consist of five parcels and primed for high-density mixed-use (and potentially highrise) transit-oriented development.

Prime Downtown Sacramento transit-oriented development (TOD) site for sale - Call Rob McQuade, McMartin Realty - (916) 444-7577For more information about this major development opportunity, you can reach Rob McQuade at (916) 444-7577.

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posted by Rob McQuade @ 4:14 PM, , links to this post



A local plan for sustainability

In December the City of Sacramento adopted its first Sustainability Master Plan, but the real step toward making Sacramento a truly sustainable city came this week with the adoption of the 2008 Sustainability Implementation Plan. You can view it as a PDF here.

The City of Sacramento's Sustainability website

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posted by Rob McQuade @ 11:41 PM, , links to this post



Downtown vs. The Railyards?

It was Thoreau who said that "the mass of men lead lives of quiet desperation." Downtown property owner Moe Mohanna's desperation, however, is a bit louder. The Sacramento Business Journal's Michael Shaw reported that Mohanna has--through partners and interested parties—sued the City of Sacramento and Railyards developer Thomas Enterprises, "objecting to the entitlement approvals for The Railyards and claiming the project will hurt downtown businesses."

The suit, filed Wednesday in Sacramento County Superior Court, makes broad claims that the project's environmental impact report doesn't address the effect on existing retail locations like K Street, where Mohanna owns properties. The landlord and the city are locked in a battle over those properties.

Although entitlements granted to The Railyards include housing, office buildings and entertainment venues, the suit claims the project is "nothing but a huge, new 1.1 million-square-foot regional shopping mall."


That's one way to make friends and influence people, but Mohanna begins to look less like he's standing up for the rights of the little guy and more like a toddler throwing a temper-tantrum.

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posted by Rob McQuade @ 11:23 AM, , links to this post



One step closer to moving Greyhound to Richards Blvd

Terry Hardy reports in today's Sacramento Bee that talks between the City of Sacramento, Greyhound, and property owner Danny Benvenuti are closer to bearing fruit and that a formal announcement may be made this week. The station would be moved to 300 Richards Boulevard in the River District until a permanent home is completed as part of an intermodal transit hub in the Railyards.

Benvenuti, owner of the current Greyhound building at 7th and L Streets downtown, is exploring the possibility of a hotel and apartments for the site, just blocks from the Capitol, Downtown Plaza, and convenient to much of downtown's shopping, dining, and entertainment.

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posted by Rob McQuade @ 9:55 PM, , links to this post