CONSTRUCTION & DEVELOPMENT
The Telegrapher , LDK Ventures ’ companion project to mixed-use residential development The A . J . at the Railyards , is slated to break ground next year . RENDERING COURTESY OF LDK VENTURES
past and will marry well with midtown Sacramento ’ s diversity , he adds . Leasing begins in early 2024 .
Anthem , a Canadian company that has chosen the Capital Region as its entry point into the U . S . market , will open a second project called The Envoy early next year . The six-level apartment building is filling a site on J Street between 10th and 11th streets that has been largely unused since a fire at the Copenhagen furniture store nearly 30 years ago . The Envoy , which will include ground-floor retail , is targeted at young , working professionals looking for a downtown lifestyle .
“ Historically , this has been a blighted area of Sacramento ,” de Beer says . “ By bringing not only residents but retail to this block , we expect to see a 180-degree change to the look and feel of this historic block of J Street .” A third Anthem project , a seven-story multi-use complex with 225 residential units on the 900 block of S Street , is in the early stages of planning .
Affordable Housing Abounds The S Street corridor will also be the home to new affordable housing at ARY Place , which will have 159 units . Todd Leon , development director at the Capitol Area Development Authority , says the project was named in honor of Ali R . Youssefi , the project ’ s late co-developer who died in 2018 at age 35 . ARY Place will be limited to residents who earn between 50 and 80 percent of the area ’ s median income and include 11,200 square feet of commercial space that will complement the nearby Ice Blocks project .
Another CADA project is turning excess state land into affordable housing at Sonrisa , which will offer 58 “ microunits ” at 1322
O St . for those earning less than $ 42,600 in annual gross income . CADA ’ s Renée Funston says Sonrisa — Spanish for smile — is the Sacramento area ’ s first project built from the ground up using cross-laminated timber , a product that sequesters carbon in solid form and keeps it from entering the atmosphere while also offering superior seismic resilience , energy savings and fire prevention qualities . Units will feature floorto-ceiling windows and built-in wall beds . Leasing at Sonrisa will begin in September .
Around that same time , construction is scheduled to begin on the Cypress , an eight-story , mixed-use development across from Capitol Park that will feature 98 rental and condominium units . Even though the Cypress will be a higher-end project , CADA ’ s mission is to help create a neighborhood for all , including all household types and incomes . CADA will continue to
76 comstocksmag . com | August 2022