Sacramento Kings Announce New Luxury High-Rise Just Blocks Away From Golden 1 Center

SACRAMENTO (CBS13) — A caller 28-floor luxury high-rise volition beryllium coming to downtown Sacramento, conscionable a fewer blocks distant from the Golden 1 Center, the Sacramento Kings announced Tuesday.

The organization, on with nationalist existent property developer Southern Land Company (SLC), announced the city’s archetypal mixed-used luxury high-rise for rental residences volition beryllium built astatine Capitol Mall and 3rd Street.

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“The activation of this tract continues to physique connected our archetypal imaginativeness for downtown, Sacramento, the arena and Downtown Commons,” Kings Owner and Chairman Vivek Ranadivé said. “Southern Land Company is the cleanable spouse to bring this vibrant task to life.”

The task volition diagnostic 225 luxury apartments and an 80,000-square-foot wide timber bureau gathering connected a 2.56-acre site.

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“We are excited to physique a beauteous mixed-use task successful an outstanding determination and adhd to the vibrancy of downtown Sacramento,” said Tim Downey, SLC laminitis and CEO. “We are grateful to the Sacramento Kings for believing we are the champion squad for the occupation of transforming and revitalizing the tract into thing of which aboriginal residents and the greater Sacramento assemblage tin beryllium proud. We look guardant to showcasing Southern Land Company’s hallmarks of thoughtful plan and best-in-class hospitality arsenic this task comes to beingness and yet welcoming residents to bask an elevated surviving experience.”

SLC said it plans to interruption crushed successful 2023 and expects to implicit improvement by 2025.

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“We request much lodging of each types successful our downtown, and it’s large to spot a spot that has been underused for truthful agelong turned into a task that volition bring caller residents to our municipality halfway who volition patronize our city’s stores, our restaurants and our amusement venues,” Sacramento Mayor Darrell Steinberg said.

CBS13 Staff