Real Estate Developer Revives Mixed-Use, Self-Storage Project in Sacramento, CA

Real estate developer Bryant Properties has revived plans for a mixed-use project that includes self-storage, apartments and retail in an area of Sacramento, Calif., that has become a “redevelopment corridor” in recent months. The project, named for its address at 401 Broadway, will be built in two phases on a 1.36-acre lot that has been occasionally used for boat storage. It was put on hold during the recession but could break ground this fall, according to the source.

Real estate developer Bryant Properties has revived plans for a mixed-use project that includes self-storage, apartments and retail in an area of Sacramento, Calif., that has become a “redevelopment corridor” in recent months. The project, named for its address at 401 Broadway, will be built in two phases on a 1.36-acre lot that has been occasionally used for boat storage. It was put on hold during the recession but could break ground this fall, according to the source.

“We were bullish back in '07, and we’re even more so now,” said Eric Bryant, owner. “We just think the timing is great.”

Phase one will include a 120,000-square-foot, four-story building that will be constructed on the southeast corner of X and 3rd Streets. The ground floor will include a drive-through, with self-storage on one side and 5,000 square feet of retail space on the other. The upper floors will also be reserved for self-storage, the source reported.

Phase two will include a five-story, 53,000-square-foot mixed-use building that will be dedicated primarily to apartments. The original project called for 36 condominiums, but the revised plan will likely include 48 apartment units, depending on zoning requirements, Bryant told the source. This portion of the project will also include 5,300 square feet of first-floor retail space and 2,300 square feet of retail space reserved for the self-storage business. It’s not likely to break ground until the spring or summer of 2016, Bryant said.

Sources:

TAGS: Zoning News
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