As of November 2015, Sacramento’s urban core has seen an infusion of nearly $4 billion in public and private investment. Downtown is home to the Sacramento Railyards—the country’s largest urban infill project, as well as the new Golden 1 Center that brings the city’s NBA team and countless entertainment opportunities to the heart of the city. Several residential construction projects are currently underway with many more in the planning stages. Many factors are driving this demand for downtown Sacramento development:
A number of amenities attract people to live, work and play in downtown Sacramento.
There are more than 71,000 jobs within the target area. Residents can access downtown employment through Regional Transit (RT) Light Rail lines (3), and numerous bus routes.
Downtown is within close proximity to California State University Sacramento, UC Davis, the Los Rios Community College District campuses, and University of the Pacific. Additionally, there are 10 schools and educational institutions located within the target area.
Downtown boasts more than 190 restaurants, coffee shops, bakeries and brewpubs.
Target area features 20 Community and Neighborhood Parks in addition to waterfront access along the Sacramento and American River parkways and the Sacramento Marina.
Downtown is home to hundreds of events, shows, concerts, festivals and events annually.
There are 31 galleries and art-related venues in the target area.
There are 11 cultural and civic venues, including: Old Sacramento, the Crocker Museum, Railroad Museum, the State Capital, the Women’s History Museum, Sutter’s Fort, Leland Stanford Mansion, Governor’s Mansion, Wells Fargo Pavilion, Community Center Theater, Convention Center, and the Entertainment and Sports Complex. There are 9 private theaters, including the Crest Theatre, Esquire IMAX Theatre, and the Sacramento Community Theatre.
The target area hosts 9 existing supermarkets including Safeway Supermarket, Grocery Outlet, and future Natural Foods Coop and Whole Foods, as well as numerous farmers markets. Additionally, there are 12 pharmacies in the target area.
There are 10 hotels in the target area including major brands like Hyatt Regency, Sheraton Hotel, and Embassy Suites.