Sacramento Area Council of Governments Mixed-Use Infill ... · Title: Sacramento Area Council of...
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Sacramento Area Council of Governments
Mixed-Use Infill Development Presentation
Sacramento Housing & Redevelopment Agency March 2005
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Mixed-Use Infill Development – SHRA & RDAs
Redevelopment Agency and Housing Authority 13 redevelopment areasMany RDAs are older, struggling commercial corridorsAuto-oriented with obsolete uses and many are over-retailed Plans call for more housing and mixed-use projects
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Infill Opportunity
•115 acres Agency owned/controlled land for development
•30 acres actively being acquired
•21 Agency-owned infill acres being developed
500 proposed new units
120,000+ square feet proposed office/retail
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Mixed Use on Commercial Corridors
9th Avenue & Stockton Blvd (75,000 square feet)Broadway and Martin Luther King (10,000 square feet)Marysville and Grand (15,000 square feet)Del Paso Blvd (10,000 square feet)
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Mixed-Use Infill Development – 40 Acres Project
CRA Award-winning mixed-use project
10,000 Sq Ft Retail, 12 Apartments, 200 seat theater
Challenges
Substantial public assistance
Retail attraction
Parking
Offsite Improvements
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Mixed-Use Infill Development – Stockton/9th Ave.
Agency assembled 11 properties for nonprofit office building andcleared site
Private Developer to build mixed-use project and town homes
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Mixed-Use Infill Development – Stockton/9th Ave.
Challenges
Contamination; Parking/Traffic; Fire flows; Community resistance;
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Mixed-Use Infill Development – Broadway/MLK
Agency-owned site (2+/- Acres x parcels) AF Evans Development CompanyMixed-use, mixed income development – 10,000 SqFt of retail, 50 affordable apartments, 27 market rate town homes
Challenges Irregular-shaped property – alleys, etc. Community resistance to density Competitiveness of site/area
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Mixed-Use Infill Development – Challenges to Infill Development
Site Challenges-Shallow lots, contamination, community issues, traffic/parking, relationship to existing neighborhoods
Financing Challenges-Income demographics, prevailing wages,need public assistance
Competitiveness Challenges-Time spent vs. return generated, risk
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Mixed-Use Infill Development – Making our sites more competitive – Site Assembly
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Construct off site improvementsStreetscape improvements, utility upgrades
Mixed-Use Infill Development – Making our sites more competitive
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Mixed-Use Infill Development – Making our sites more competitive
Assist with contamination issues
– Polanco Act - compel owners to pay for cleanup
– Brownsfields $$
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Mixed-Use Infill Development – Making our sites more competitive
Speed-up the development approval process
Adjust underwriting for the market– assume retail will follow housing
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Mixed-Use Infill Development – Making our sites more competitive
Continue community education process on Blue Print goals with real projects