The Next Big Thing is Happening
now
The Next Big Thing is Happening
now
1
A Distinctive Project An Ambitious Plan An Exceptional Location Unique Amenities The Next Big Thing
Table of Contents
Table of Contents
THE BRIDGE DISTRICT
3 The Bridge District offers unparalleled natural amenities amidst a vibrant urban setting just three short minutes from the State Capitol along the riverbank in West Sacramento. With its commanding views of the city skyline and walkable connections to a riverfront promenade, The Bridge District promises an unprecedented experience for businesses, residents, employees and visitors. The City Meets the River
The Bridge District is one of the most extraordinary and distinctive development opportunities in the history of Sacramento region ... are you ready to be a part of it?
The Riverfront Master Plan has designated The Bridge District as the principal location where the City meets the River. The Riverfront Master Plan and The Bridge District Specific Plan represent the community’s unified vision for the development of a truly modern urban waterfront. Planned bike paths, jogging trails, river kayaking and fishing will provide unmatched recreational opportunities in an urban, mixed-use office setting. Riverfront development in the Sacramento region has historically been vulnerable to flooding. However, The Bridge District is one of the highest locations along the river—higher even than the top of the levee on the Sacramento side of the river. The average ground elevation exceeds the height of most levees along the Sacramento River. Because of this, The Bridge District affords the opportunity to actively embrace one of the region’s greatest natural assets. The Bridge District site is bounded by Tower Bridge Gateway (formerly State Highway 275) to the north, US-50 to the south, the Sacramento River to the east, and the junction of Tower Bridge Gateway and US-50 to the west. This ideal site provides quick and convenient access to the State Capitol, downtown Sacramento, and the Sacramento Airport. The development is uniquely positioned along the highly desirable I-80 corridor, with direct access to the Interstate which connects to the entire Bay Area.
21st Century Values The Bridge District is a new and sustainable infill neighborhood that embodies the best of smart growth principles. Buildings within the District aim to achieve LEED Silver certification, a standard that ensures energy efficiency, indoor environmental air quality and sustainability. The planning of The Bridge District was organized around the relatively new Green Neighborhood Sustainability Standards Program, now under test implementation by the USGBC. The Bridge District development plan provides for moderate to high-density residential, office, retail, service, lodging, medical, governmental and institutional use that has been designed to respond to 21st century values. Many years of detailed, collaborative planning have created the foundation for the landmark projects that will emerge in the District. New roads, ramp improvements, sewer, water and riverfront park amenities totaling $50 million have already been completed. With completion of these improvements, The Bridge District can accommodate and is entitled for up to 12.5M SF of commercial office, hotel and retail use, including 4,500 housing units. Current zoning in The Bridge District also provides the unique opportunity for 2.3M SF of medical use, including a 143-bed hospital. Initial phases, including substantial housing development, are already underway. Now is the best time to secure prominent sites. The much-heralded arrival of Raley Field in 2000 has lead to a focused and coordinated effort to create the conditions for the next wave of the highest standard of development in the Sacramento region – The Next big thing is happening now!
A Distinctive Project
A Distinctive Project
Master Plan
USE
BLOCK
ACREAGE
01
1.34
02
2.09
03
1.61
04
1.86
05
9.24
06*
2.56
07*
1.86
08*
1.47
09
0.44
10
1.63
11
2.54
12
2.88
COMMERCIAL
13
2.64
TBD
14
0.48
15
3.36
16
3.57
RALEY F IE
RESIDENTIAL
To w
er B r id g
e >
LD
08
COMMERCIAL/ HOSPITAL
09 07
COMMERCIAL/ OFFICE/MIXED 06
K
01 AL
LE
10
EN
05
TO
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RETAIL
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LE
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Y
AL PA R
LE
Y
K
11 AL
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SA
04
CR
AL
RD
WATER FRONT/ MIXED
AM
02 GA
Y
03
12 16
COMMERCIAL/ HOSPITAL 13
Total Amount of Entitled Acreage:
15
50
N U
S
PA R
14
I-
80
/
39.75
*Joint Venture as “River Road Ventures” Note: The gray parcels are owned by other developers
5
City of West Sacramento adopts Specific Plan for The Bridge District
CEMEX begins operation out of West Sacramento cement terminal
1876 Sacramento Wood Company acquires West Sacramento Shipyards
1913 Interurban rail line links City of West Sacramento to the Bay Area
1950s
1957 Delta Lines Trucking finishes construction of West Sacramento trucking terminal south of the Tower Bridge
1993
CEMEX relocates facilities to port and city begins demolition of rail infrastructure
2000 Sacramento Rivercats throw out first pitch at Raley’s Triple A Field
2005
City Council approves The Bridge District Riverfront Development Agreement and Purchase & Sale Agreement
City receives $23.1M grant from Proposition IC Urban Infill Incentive Financial Award
2007
2008
City Council establishes force for development of The Bridge District
2009
2010
City executes removal of the Weyerhaeuser recycling facility and remaining rail spur
Construction begins on $50M worth of infrastructure and park improvements
Substantial completion of 2014 Bridge District Plan improvements
2012
City completes 3M gallon water retention facility to serve The Bridge District
2013 Ground breaks for construction of Rivermark, Park Meadow, and Habitat Housing Projects
An Ambitious Plan
An Ambitious Plan
WHY THE SACRAMENTO REGION? 1 of 6
US cities on both Ford’s and GE’s most electric vehicle ready cities
5th
Fastest private sector job growth rate among the top 25 US metro areas
3rd Fastest growing metro area in California with projected
in the next 30 years
4th
Sacramento is the home to 1 of the 10 best urban forests in the country
Ranks 4th amoung UCs in research funding with a
$750 Million
top 50 metros
Sacramento ranks of the on the Clean Edge 2012 US Metro Clean Tech Index with rankings in the top 10 in all indicator catergories
Ranks as one of America’s 50 most bike friendly cities
square foot
manufacturing jobs
in 2012
Cities adopting
smart grid technology
“Best Places for New College Grads”
LEED
building space certified in 2012 among the Top Ten states and ranks 8th per capita in the US
7th
Ranked fittest city out of 50 greatest metropolitan areas in the country by the American Fitness Index
Ranks 15th
In the Top 25
New Arena & US metro areas for Entertainment district “very high tech”
1 of top 10
DAVIS
record
±1.4m
California had the most
UC
growth of
55.4%
City of Trees
Sacramento is #1 city LEAST prone to natural disasters on new ranking measuring national climatic and geological data
Selected as America’s Most Diverse City by Time Magazine
Sacramento River Cats are the most valuable minor league baseball team in the US - FORBES
#1
3rd in TOP Metro areas for Concentration of
Green Jobs 2nd in the nation for
urban park funding & access
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The Bridge District and West Sacramento are ideally located along the Sacramento River - the center of our region. Years of concentrated development effort have provided the opportunity to create a new urban infill district that satisfies the needs of 21st century residents. Some highlights of key 2013 demographic and economic data for the area within 15 miles of West Sacramento:
The Bridge District provides an alternative to urban sprawl and the chance to be part of a cornerstone project in an emerging smart growth development.
Other notable statistics: •
There are 19 major public & private colleges and universities within 20 miles of West Sacramento
•
There are 3,182 restaurants within 15 miles of West Sacramento
•
Sacramento ranks #3 in the country on the Sustainability Index with an 8.1 score, according to the Center for Strategic Economic Research (CSER)
•
Population: 1.7 million
•
Forecast Population Growth for 2013-2018: 3.45%
•
Median Annual Household income: $50,926
•
Job Growth from 2000-2010 was 15.92%
•
2013 Estimated Median Age: 34.38
•
•
2013 Estimated Median Home Value: $195,036
There are a total of 38.7 miles of light rail system in the area
•
Estimated 231,711 white collar jobs in the 15-mile area
•
94,228 residents have at least a Bachelor’s Degree
•
I-80 W Traffic at the Capital City Bridge: 182,675 cars per day
An Exceptional Location
An Exceptional Location
KINGS & PLAZA RETAIL
STATE CAPITOL
OLD SACRAMENTO RIVERFRONT PARKWAY
SACRAMENTO RIVER MARRIOTT HOTEL RALEY FIELD
THE BRIDGE DISTRICT
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The Bridge District is the largest concentration of developable parcels for new construction close to the downtown core. Connected by the iconic Tower Bridge, the District is the logical expansion of the core area, linking amenities and businesses that can be reached by foot, bike or public transportation.
THE BRIDGE DISTRICT will be home to a new fullservice Marriott Hotel, riverfront recreational opportunities, and is in close proximity to year-round sports and concert venues, retail shopping and historic Old Sacramento.
This connectivity is unique to a major downtown submarket because it provides people with excellent access to the traditional, historic features of the city while also featuring smart growth aspects associated with 21st century development. Other amenities unique to The Bridge District include:
Riverfront Parkway The public promenade and open space along the Sacramento River’s edge is perhaps the most important part of the Master Plan. The objective is to create a continuous network of paths and walkways that tie into regional systems such as the American River Parkway and the West Capitol Avenue Bikeway to Davis. The strong “green backbone” on the banks of the river will provide many exciting recreational opportunities, including shaded walkways, seating areas, river overlooks, fishing and boating opportunities, picnic and play areas and places to learn about nature.
Raley Field In addition to being the home of the AAA Sacramento Rivercats, Raley Field hosts an impressive schedule of concerts and community events. In 2013, Raley Field will host 72 baseball games, the English Premier Soccer Club, football games and many other events. The Rivercats will also celebrate their 10,000,000th fan since opening in 2000.
Old Sacramento The Bridge District is located within walking distance of Old Sacramento. In addition to the California State Railroad Museum, Old Sacramento is home to over 30 different restaurants and cafes, ranging from fine dining to fast and casual offerings.
Hotels The Bridge District will be home to a new 343-room fullservice Marriott Hotel, the first full-service Marriott to be built near the Capitol. The Marriott development will also include a 20,000 SF conference center and 493-car parking structure. The project will be funded through a combination of public and private financing. The project is slated for completion in 2015. This is in addition to the number of rooms already existing within a two-mile radius of The Bridge District.
Crocker Art Museum Founded in 1885, the Crocker Art Museum is one of only 800 institutions across the United States and the only museum in the Sacramento region to be accredited by the American Alliance of Museums. In 2010, the museum completed construction on a 125,000 SF $100 million expansion, nearly tripling the size of the gallery. In the following year, the Crocker enjoyed record numbers in attendance, opening its doors to a quarter million visitors.
Sacramento Intermodal Transportation Facility Starting in the summer of 2013, the City of Sacramento will begin transforming the historical downtown train depot into a transportation hub for passenger trains, light rail, buses, taxis and rental cars. The renovation project will result in a modern station that improves connectivity across all current transportation platforms and accommodates future infrastructure growth.
Kings Arena and Entertainment District Planning is already underway with environmental and design review for an approximate 700,000 SF arena that will be surrounded with ±300,000 SF of new retail construction and additional new/remodeled office space.
Unique Amenities
Unique Amenities
The Bridge District envisions high quality public spaces on the river’s edge surrounded by vibrant neighborhoods. By developing new districts where people live and work in close proximity, the district supports the creation of cultural amenities while conserving natural resources.
The Next Big Thing
COMPLETION DATES The Bridge District Project Timeline
From new infrastructure improvements to multi-family housing, hotel and retail development projects, The Bridge District is bustling with activity.
3
Among the already completed projects are:
RALEY F IE
e > er B r id g 08
4
09
A 70 ft by 300 ft neighborhood park that has as its centerpiece a 16 ft granite table and benches under a canopy of olive trees
07
06
Over 200,000 SF of projects are underway, quickly transforming The Bridge District into Sacramento’s most sought-after location.
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01 AL
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10
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A nearly mile-long River Walk Trail, finished in 2011, which serves as a front door to the 188-acre development
TO
•
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RK
11
04
1
AL
LE
AC
$50 million worth of roads and infrastructure improvements
LD
•
Y
03
12 16
6
13
15
50
N S
U
14
COMPLETION DATES 2014 2015 TBA
<
I-
80
/
5
11
2015
Phase One Housing Development
MARRIOTT HOTEL Location surrounds Block 9
Includes portions of Blocks 1-4
1
•
Habitat Apartments: 4 3-story, 24-unit-each, market rate rental apartments
•
The Park Moderns: 32 for-sale townhomes
4
Construction Start: July 2013 (approximate) Construction Complete: Q3 2014
•
343-room, full-service Marriott Hotel, the first fullservice Marriott near the Capitol. 20,000 SF conference center. 493-car parking structure, which would also provide parking to Raley Field.
•
$101 million hotel to be built with private construction financing. Conference center would be built with $28 million in public financing, and an additional $2 million of city money would go toward the parking garage.
First model home delivered in November 2013
Construction Start: 2014 Estimated completion: 2015
RIVERMARK Located on a portion of Block 1 at corner of Bridge and Fifth streets
2
•
PHASE TWO APARTMENT DEVELOPMENT Located on Parcel 6, portion of Blocks 1 and 2
60 Affordable Housing Units
Construction Start: April 2013 Construction Complete: October 2014
THE CAPITOL YARDS
5
•
105 Rental Apartments for Lease
Construction Start: October 2014 Construction Complete: October 2015
PHASE TWO RESIDENTIAL DEVELOPMENT
Located north of Raley Field
3
•
270 Market-rate Apartments
Construction Start: April 2013 Estimated completion: October 2014
Located on Parcel 6, portion of Block 2
6
•
30 Single Family Residencies for Sale
Construction Start: October 2014 Construction Complete: October 2015
The Next Big Thing
2014
PROJECT TEAM OWNER Smart Growth Investors, Sacramento, CA
Developer Fulcrum, Sacramento, CA
LEASING CUSHMAN & WAKEFIELD OF CALIFORNIA, INC. 400 Capitol mall, suite 650, Sacramento, CA 95814 • (916)288-4800 CONTACT: RON THOMAS, SIOR, ExecUtive DirectoR KRIS KALMBACH, DIRECTOR MARK TABAK, SENIOR ASSOCIATE
Š2013
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