Southern Land Co. has announced its entry into the Sacramento, California, market with a mixed-use luxury high-rise project at Capitol Mall and 3rd Street, to be developed in cooperation with the NBA's Sacramento Kings. The project will offer approximately 225 luxury apartment units across 28 floors, plus an 80,000-square-foot mass timber office building, in a walkable downtown location.
SLC purchased the 2.56-acre development site from the Sacramento Kings, currently known as Sacramento Kings Lot X. Previously owned by the city of Sacramento, the site had long been used as surface parking for nearby office buildings. Future residents will live in proximity to shopping, dining, and more than 3 million square feet of office space, as well as Crocker Park and the Crocker Art Museum, located across the street.
“We are excited to build a beautiful mixed-use project in an outstanding location and add to the vibrancy of downtown Sacramento,” says Tim Downey, SLC founder and CEO. “We are grateful to the Sacramento Kings for believing we are the best team for the job of transforming and revitalizing the site into something of which future residents and the greater Sacramento community can be proud. We look forward to showcasing Southern Land Co.’s hallmarks of thoughtful design and best-in-class hospitality as this project comes to life and eventually welcoming residents to enjoy an elevated living experience.”
SLC intends to break ground on the mixed-use project in 2023, with completion slated for 2025. More details about the community’s design and features are set to be available before the groundbreaking.
“The activation of this site continues to build on our original vision for downtown, Sacramento, the arena, and Downtown Commons,” says Sacramento Kings owner and chairman Vivek Ranadivé. “Southern Land Co. is the perfect partner to bring this vibrant project to life.”
