12E Apartment is submitted for the entitlement
Empty land at 12th and E streets in Sacramento's Alkali Flats neighborhood would become a five-story, 94-unit project called Gateway at Alkali, with a new application submitted to the city.
HRGA
Across 12th Street from a light-rail stop near Downtown Sacramento, a Davis-based development team is planning its second central city urban housing project. Gateway at Alkali, on the northwest corner of 12th and E streets, is proposed as a five-story, 94-unit project on what's now an empty lot.
"We're glad to be the first to take on a market-rate multifamily project in Alkali Flats, it will help contribute to a key arterial corridor," said Taylor Greer of Carlile Lending and Investments, one of three firms joining forces on the project, in an email.
Development team Carlile Gateway is a combined group of Carlile, Gateway Development Co. and DBRE Consulting.
Carlile Gateway submitted plans for the project to the city late last week, after closing escrow on one of the principal land parcels, 424 12th St., for $700,000.
Total project square footage would be 81,140 square feet, with 38 studio apartments, 48 one-bedroom apartments and eight two-bedroom apartments. Respectively, they would be 495, 735 and 1,110 square feet each. On the E Street side of the ground floor and wrapping around to 12th Street, plans show six live-work units, which are increasingly becoming popular for urban projects in Sacramento rather than retail space.
The building would have 15 parking spaces on the ground floor behind the live-work units and amenity spaces such as a fitness center and bike storage. Other building features include a lounge/study room on the first floor and a 2,155-square-foot rooftop patio. HRGA is the project architect.
According to a community benefit list supplied by Carlile Gateway, the project would be entirely electric, and the developers hope to have five electric-vehicle charging stations in the parking. Development would also repair and modernize electrical distribution facilities in Democracy Alley, to the north of the project.
Also, the site has a lead contamination issue the developers plan to address, with an estimated cost of $250,000.
"This is the second deal we have taken on with fairly extensive environmental concerns, as we grow our portfolio we continue to look for projects that have some hair on them," said Daniel Parrella, Gateway Development's CEO, in an email.
Ben van der Meer- Senior Reporter, Sacramento Business Journal
August 1, 2022
Comments