Brooks
Brooks, CA · Business
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CBS Sacramento
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The Sacramento Bee
The Sacramento Bee
Sacramento's Railyards is building momentum. New housing may have to wait until 2028
Even though a hospital, concert venue and soccer stadium are coming to Sacramento’s Railyards, the district may not see new residential construction for several years. There are two apartment complexes there now — Wong Center and The A.J. Apartments — but one of the district’s lead developers said recently that he believes the Railyards and other parts of Sacramento’s core may not see home building speed up again until around 2028. “We’re just not in a place where rents and the market are supportive of new development,” said Denton Kelley, CEO of LDK Ventures, the master developer of the Railyards district. “...It will probably take until about ’28 before we start seeing new residential projects in the Railyards and, probably, within midtown and downtown.” The suburbs have seen more solid job growth, especially along the Highway 50 corridor where Folsom and Rancho Cordova are located. Kelley said cited recent investments in those areas by firms like Solidigm and Micron . That area will probably outperform the rest of the market for the next three to five years, Kelley said. The Railyards will compete with those cities’ “lifestyle centers” like the Palladio shopping center in Folsom or the Fountains in Roseville.
myfamilytravels.com
Weebly Co-Founder Revived a 103-Year-Old California Roadside Stand After a Yearlong Restoration
Weebly co-founder Chris Fanini saw something worth saving in a California roadside stand with more than a century of history. After the business changed hands, his hospitality group spent about a year restoring the property and preparing it for a new chapter. The location first welcomed travelers as a root...