CADA Site 21

Development Description:
The proposed project is located at the southwest corner of 14th and N Streets overlooking Capitol Park.  It is a nine-story mixed-use development that includes 87 market-rate one, two and three bedroom condominium units, 2,800 square feet of ground floor retail and 67 parking spaces on the first floor and in the basement. The residential entrance/lobby and retail space are oriented along N Street.  The public right of way, the second floor terrace and eighth floor terrace are landscaped.

Status:
The CADA Board of Directors approved the schematic design and approved a Disposition and Development Agreement with Cresleigh Homes Corporation on July 19, 2018.  Cresleigh is scheduled to obtain a building permit and close on the building site in April 2019.  They are to start construction in April 2019 and complete it in April 2021.  To be placed on the waiting list, please notify https://cresleigh.com/contact-us

CADA’s Affordable Housing Mandate:
CADA’s mission is to help create a neighborhood for all, meaning all household types and incomes.  We are mandated to preserve 25% of our housing stock (meaning those we manage or build) as affordable units.  Since Site 21 will have 87 units CADA will be providing 22 units of additional affordable housing to meet our mandate, so we are increasing BOTH market-rate and affordable housing in the neighborhood.

Transfer Program for Residents of 1320 N (the building to be demolished to make way for Site 21):
All 1320 N building residents signed a lease addendum acknowledging the potential need to vacate the building due to plans for future development of the property and were notified on June 25, 2018 that they would need to vacate by early 2019.  To read the June 25, 2018 notice, click here.  While we can’t guarantee we will have 30 units become available before construction begins for residents to transfer into, we have always been able to accommodate displaced residents in past similar situations.  Available apartments will first be offered to residents in CADA’s low income housing programs followed by residents who have resided at 1320 N Street the longest. The eight months notice given to residents in the June 25 letter exceeds the State requirement of 60 days notice.  This should be adequate time for CADA to identify an apartment for residents to transfer to in one of our buildings or if CADA is unsuccessful, for residents to search for new housing and move.

Location:                       Southwest corner of 14th and N Streets

Developer:
The Developer is Vanguard Residences, LLC, comprised of Cresleigh Homes Corporation and Birmingham Capital II, LLC.

Architect:
HKS Architects  (San Francisco)

General Contractor:
To be determined

Landscape Architect
Atlas Lab Inc.

Structural, Civil and Mechanical Engineers
To be determined

Building Design:
The proposed design draws inspiration from the site and the city.  The overall building massing is broken down into smaller discreet elements to match the existing street wall along N Street.  The corner of the building at 14th and N takes advantage of its northeast solar orientation and views to the park by employing “punched” windows in solid wall articulated with a layer of finely detailed powder-coated aluminum extrusions.  This recalls the fine-grain detail and intricate light/shadow play found on the fenestration of historic buildings in Old Sacramento, the State Capitol, and other structures built during the city’s halcyon days.  The remainder of the design is clad in fiber-cement panels reminiscent of the white and gray granite found on the Capitol Building (‘Ambassador Black’ and ‘Sierra White’, quarried locally from Rocklin and Folsom), with the entry of the building highlighted in wood.  Windows recall sizes and proportions of the neighboring historic residential building and the Senator Hotel across from the park.  The landscape elements of the Project draw from the rich context of the Capitol Mall, using compatible tree species and drawing from lessons offered by the Native Plant garden, while the two landscaped roof decks provide a shaded perch for residents to take in views of the site and city-at-large.

Massing/Height:
2 floors of parking below-grade and at-grade

8 floors of residential

Unit Count:  87

Unit Type                          Units

1 BR                                           32

2 BR                                           53

3BR                                              2

Total                                      87


Estimated Sales Prices:

1 Bedroom $608K

2 Bedroom $964K

3 Bedroom $1.875M

Construction Type:
Steel reinforced concrete frame (Type I) building

Acres:  .44 acres (19,334 sq. ft.)

Dwelling Units per Acre:  196 DUA

Retail Space:
Approximately 2,800 sq. ft. oriented along N Street

Parking:
67 spaces below-grade and on the ground floor which will exit and enter onto Neighbors Alley.

Estimated Total Development Costs:
$68,800,000

Projected Construction Period: April 2019 to April 2021

CADA Contact:

Tom Kigar

916-322-2114

tkigar@cadanet.org