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. 

Completed projects

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.

Architectural image of The Academy on 65th Street

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

Aerial view of Hornet Commons

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.

65 East is a proposed project by Symphony Development. The developer submitted plans for a mixed-use student housing development near the southeast corner of Folsom Blvd and 65th Street. The project is proposing to construct 4 buildings of over 418,000 square feet, with 184 residential apartments, 45 dormitories and ground floor retail. The project would also require the modification and relocation of the Regional Transit Bus Terminal. Offsite work on the project is expected to begin this fall.

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. 

Architectural image of Q Street Commons

Q Street Commons

Learn about SMUD’s upcoming rate changes

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.

Learn more about the changes


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:

October

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

November

Induction Cooking Class
November‎ ‎16‎, ‎‎1 - 2 PM


Register for a class


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.