Developer Connections Third Quarter 2019
Major Development around Sacramento State
For close to 20 years, the area around 65th Street and Folsom Boulevard has been planned for a vibrant mixed-use student village, with close access to California State University, Sacramento (CSUS). With the initial development of the mixed-use project, F65, the theme for the village began to take shape in 2005. As the economy turned, many proposed projects around the 65th Street area were put on hold. And, when the State of California decided to eliminate Redevelopment Funds, a major funding source to assist developers in project feasibility was taken away. In the last couple of years, developers have once again started to revive plans to build housing near CSUS. Here’s a highlight of some of the development activity proposed around the CSUS campus.
The Academy 1325 65th Street completed construction and final occupancy just in time for the Fall 2019 semester. GMH Capital Partners LP developed this 6-story, 90-unit, 305-bed student housing development to primarily serve students attending the CSUS. GMH University Housing will manage operations, opened in September 2019. SMUD worked closely with the developer’s project team early on to successfully move electrical from overhead to underground in preparation for permanent power.
The Academy on 65th Street
Projects under construction
Mass grading started at Hornet Commons earlier this summer for a new upper-division student housing development located adjacent to CSUS property. What was once the McAuliffe baseball fields, will soon house more than 1,000 students for the Fall 2021 semester. The $164 million project will include 284 apartments and 1,100 beds in six 4-story buildings on the 11.5-acre site. Greystar will ultimately be the operator for the 360,000 square foot complex. CSUS and the City of Sacramento worked closely with officials at Depot Park to rebuild the baseball fields on Depot Park property. See more information from the architect
An aerial view of Hornet Commons
Jackson Properties has commenced grading for on-site work improvements for their Home 2 Suites project. The 4-story hotel will house 103 rooms adjacent to the Hampton Inn near SMUD’s campus off of highway 50’s 65th Street exit. The project is expected to be completed in the first quarter of 2021.
Projects with applications
The Retreat at Sacramento is a proposed new student housing residential redevelopment project located at 2601 Redding Avenue. The proposed development will replace the existing Dorris Lumber and Moulding Company site. Landmark Properties will be breaking ground soon with plans to construct a 224-unit, 736-bed, student housing facility with 525 parking spaces on a 13.3-acre property. SMUD is in active discussions with the project design team to make this an all-electric development.
Sacramento Q Street LLC has submitted plans for Q Street Commons. This mixed-use development is proposed at the corner of Q Street and Redding Avenue, which is also near CSUS and the Light Rail Station. The project proposes demolishing the existing structures and building six stories of student housing to provide 125 units with ground-floor retail.
Q Street Commons
On June 24, the SMUD Board of Directors approved rate increases of 3.75% on Jan. 1, 2020, 3% on Oct. 1, 2020, 2.5% on Jan. 1, 2021 and 2% on Oct. 1, 2021 for all customers. Beginning in 2020, the increases will apply to energy charges, the System Infrastructure Fixed Charge, Site Infrastructure Charge, Summer Peak Demand Charge and other rate charges.
In addition, the Board approved a restructure of commercial customer rates and other minor changes.
While we work hard to control costs and operate as efficiently as possible, the rate increases are mostly driven by external factors including:
- Wildfire mitigation, including the increased cost of wildfire insurance and additional vegetation management.
- Additional capacity to provide electricity to ensure we can reliably serve customers’ energy needs during times of peak demand.
- New and enhanced technology solutions to support cyber security, customer experience, improved reliability and distributed energy resources.
- Investments to meet carbon reduction goals through transportation and building electrification, investment in renewable energy and increased energy efficiency.
Free classes and workshops this fall
Our free classes keep you up to date on the latest technologies and relevant industry updates. Following is a preview of some upcoming classes:
Title 24 CA Building Code Accessibility Seminar Series- Session 4: Accessible Means of Egress Part 2
October 03, 6 - 8 PM
Lighting Education Series- Session 6: Lighting Controls & Retrofit Opportunities
October 09, 9 - 11 AM
DPR Construction’s Net Zero Office Building Tour
October 09, 3 - 4:30 PM
Commercial Battery Energy Storage
October 10, 9 - 11 AM
The Biggest Energy Mistakes Builders Make
October 18, 9 AM - noon
2019 Title 24 Lighting & Electrical
October 24, 8:30 AM - noon
2019 California Energy Code Overview (electrification and decarbonization)
October 29, 1 - 4 PM
Induction Cooking Class
November 16, 1 - 2 PM
The dedicated advisors on the Commercial Development team are ready to assist you in navigating all phases of your project. From planning and construction to meter-set and account activation, the team will coordinate all of the touch points within SMUD. Learn more.