A decade after his audacious high-rise project on Capitol Mall came to a halt, developer John Saca has resurrected plans for a similar project at 10th and J streets in downtown Sacramento.
An application filed this week calls for a high-rise at 921 10th St. called The Metropolitan. Though the exact height is not specified on the city’s website, the description of the project calls for either 320 residential condominium units or 190 condominiums and 190 hotel rooms.
The plan also calls for space to create tandem parking. It does not specify creation of ground-floor retail space or call for demolition of existing but vacant buildings on the site.
The project title, “The Metropolitan,” calls back to Saca’s original proposal on the site, approved by the city in 2008. That had the same number of either condos or condos and hotel rooms, with a height of either 39 or 40 stories. Either would make the building the tallest in the region in at least number of stories.
No messages could be left at Saca Development Co.’s office Friday.
The Metropolitan didn’t move forward because of the economy, and the new application requests only a zoning variance to reduce the amount of allowable area required for maneuvering during parking.
Two years ago, Saca tore down the remains of the former Biltmore Hotel on J Street after a fire damaged the building. The footprint of The Metropolitan, just under an acre, would’ve encroached on the Biltmore site. In 2014, Saca acquired 921 10th St. from the city, in what many believed was a prelude to re-introducing the project.
Though Saca Development Co. has developed a number of strip retail projects around the region, Saca became known — infamously — as the driver behind The Towers, two planned 52-story buildings at 301 Capitol Mall consisting of hotels, condominiums and retail space.
Initial site work got underway for that project, but as the real estate economy declined, funding ran dry and work stopped in 2007. That site is now being eyed for a high-rise project of office, retail and residential space by CIM Group.