After nearly three decades of slow action, it appears the first major development in Sacramento’s downtown railyard is on its way.
Developer LDK Ventures filed plans with the city of Sacramento late last month for a six-story apartment building in the railyard, the first housing project proposed for the massive area north of downtown.
The plans call for a 277-unit building near the corner of North Seventh Street and Railyards Boulevard. The project would be next to a planned light rail stop and close to the site of a planned 20,000-seat Major League Soccer stadium. In its application for the city’s design review, LDK wrote that the building would take up an entire city block south of Railyards Boulevard, between North Sixth and North Seventh streets.
The building would have a rooftop deck, outdoor kitchens, bicycle storage and a courtyard with a swimming pool. Drawings of the building show a design with a pitched roof, similar in style to the historic locomotive shops where the developer plans to open public markets and retail.
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LDK’s Denton Kelley said the building would also have up to 6,000 square feet of retail space, likely with services targeting neighborhood residents such as a cafe, coffee shop or tap room.
“(The building) is a very amenity rich, almost a resort-type feel,” Kelley said.
The apartments will likely be market rate, although Kelley said there “may be a mixed-income component.” Kelley said his firm could begin construction as early as August 2018 and no later than spring 2019. He said the company will arrange financing for the project after receiving the approvals from the city.
Downtown Railyard Venture LLC, owned by LDK’s Kelley family, purchased most of the 244-acre railyard in 2015. It has sat mostly vacant since Union Pacific ceased operations there in 1990, although a series of bridges and roads now crisscross the site.
A city-approved plan calls for thousands of homes, the soccer stadium and a massive hospital complex by Kaiser Permanente in the development. An estimated 20,000 people could one day call the neighborhood home.
Kelley said the firm would begin design work on the next residential project in the railyard next year.