More housing is being built in various parts of Sacramento by the UC Davis Medical Center which already has a property near completion. The trend is only looking to continue according to Sacramento Business Journal’s Scott Rodd. He believes it’s really the up-and-coming “hot spot for new home construction,” pointing out that:
“It’s where the proposed Aggie Square project is going to be, which is a partnership between UC Davis and the City of Sacramento to create a kind of technology hub. And usually, when you see projects like this, you’ll also see interest from developers in developing land around it.”
Sacramento Commons Project – if it goes ahead – is a multi-phase housing project in downtown Sacramento that will be around 218 units with ground floor retail. The current high rise apartments there will have to be torn down for the project and it is expected that construction will begin very soon, maybe even before 2019.
Fairgrounds Drive also has major construction, including the last phase of a 44 unit project as well as plans by Western American Properties to build up to 70 single family homes.
And SKK Developments is planning to build 737 units (which will be in two stand alone complexes) next to the Arden Fair Mall. The idea behind this is to create more affordable housing for young professionals.