Downtown development heating up
The temperature isn’t the only thing rising this month. Downtown development is issues heating up locally.
Emerging Project: Marshall Hotel/Hyatt Boutique Hotel
Developers plan to convert the now-vacant Marshall Hotel located at the northwestern intersection corner of 7th Street and L Street into an 11-story Hyatt Hotel with 159 rooms, meeting space and ground floor retail. The project is scheduled to be completed by next year when the new downtown arena opens less than a block away.
This is a significant development for downtown Sacramento. Plans for the Hyatt Hotel support the vision for our Central Business District: evolving into a vibrant downtown core.
The Marshall Hotel had been in disrepair for many years, negatively impacting the area surrounding it. Today plans for the rectangular-shaped two-parcel site will preserve the site’s historic brick and terra cotta facades, but will reconfigure the building’s floor plans to accommodate current hotel standards, including renovation of its current non-functional interior and addition of a new tower.
This month concluded the comment period for the project’s Draft EIR. On July 15, the Sacramento Preservation Commission will consider the project in context of the EIR findings.
Take Action: Join Downtown Partnership to voice support during Preservation Commission meeting. For more information, email Emilie Cameron at [email protected].
UPDATE: Mixed Income Housing Ordinance
On June 25, Sacramento Planning & Design Commission unanimously approved moving forward a new Mixed Income Housing Ordinance for the City of Sacramento. Supported by Downtown Partnership’s Board of Directors, the Ordinance plays a critical role in the development of the mixed-use, multi-story projects to we envision in downtown.
The updated policies in this Ordinance are critical to establish clear guidelines for residential projects in Sacramento. For more than two years, Downtown Partnership participated in discussions with stakeholders and staff to advocate for a thoughtful compromise that is balanced, market sensitive and responsive to the challenges of development in our core. The result is an Ordinance that will create greater consistency and, most importantly, foster the development of more housing in Sacramento – of all types for all incomes.
Earlier this year, our board declared incentivizing downtown housing development as a top objective in 2015. Downtown Partnership will continue to advocate for the passage of the Mixed Income Housing Ordinance as it reaches City Council in the coming weeks.
Take Action: Join Downtown Partnership to voice support during City Council’s Law & Legislation Committee hearing on Aug. 11. For more information, email Emilie Cameron at [email protected].