Updated plan features two residential high-rises; will introduce 438 luxury rental residences to downtown Sacramento
Southern Land Company (SLC), a national real estate developer of award-winning mixed-use developments and master-planned communities, has revised its development plans for Lot X on Capitol Mall in downtown Sacramento. The enhanced site plan now features two high-rise residential buildings instead of one. The development will bring 438 rental residences to the downtown community.
“From the beginning of our work on Lot X, we’ve been driven by the vision of a vibrant downtown Sacramento,” said Tim Downey, SLC founder and CEO. “As we all know, our live-work habits have changed tremendously over the past few years and, after evaluating continued trends in workplace culture and the needs of Sacramento, we felt it was best to go all in on bringing spirited, refined living to downtown. We cannot wait to share more of this updated vision and get to work on creating an unrivaled living experience in Sacramento.”
SLC’s planned community at the corner of Capitol Mall and 3rd Street will feature the first high-rise rental residences in Sacramento. The development will now include a 26-story tower comprised of 263 luxury apartment homes and a second, 14-story mass-timber building encompassing 154 luxury apartment homes. Additionally, 21 units will front Crocker Park. The updated design will still bring 11,000 square feet of retail space spread across the two high-rises. An eight-story parking garage will serve the project.
Previous plans called for a 32-story high-rise with 248 rental residences along with an 80,000-square-foot office building. After evaluating the continued changes in workplace demands across the country, SLC revised the site plan to emphasize downtown living and draw more residents to enliven the surrounding community. There are no longer plans for the 80,000-square-foot office building; however, the newly planned 14-story building is expected to include office or flex space.
SLC plans to break ground on the project in the second half of 2023. More details on the development’s revised design and features will be available in the coming months.