Library/ Links - Temp holding 10/30/06
RETAIL MARKET ANALYSIS
Regional
Retail Demand Attraction & Development by the City of Sacramento
Retail
Market Demand & Attraction in North Natomas
Regional
Retail Market Demand & Attraction to Downtown Sacramento
CALIFORNIA MAIN STREET
PROGRAM
Main Street Training
Documents
SACRAMENTO INTERMODAL STUDIES
Sacramento Intermodal
Economic Analysis
Sacramento Intermodal
Transit Analysis
Sacramento Intermodal
Historic Analysis
Sacramento Intermodal
Principles of Agreement
ECONOMIC DEVELOPMENT AWARDS
Richards Boulevard Redevelopment Project Area
2005 Richards Boulevard Redevelopment Strategy
In 2006, the Redevelopment Agency approved the 2005 Richards Boulevard Redevelopment Strategy, which defines contemporary strategic opportunities and a set of actions that will guide City and Redevelopment reinvestment strategies for the Richards Boulevard area over the next five years.
Sacramento is currently experiencing low unemployment, high job growth, increased market interest in Central City housing, and demand for new Class-A office development. The 2005 Redevelopment Strategy assumes the City and Redevelopment Agency will act proactively to capture these economic opportunities to realize revitalization objectives and policies. Specifically, the Agency and the City will partner to help implement the following strategies:
Strategy #1: Pursue key infrastructure improvements
The five-year strategy focuses heavily on the development of new traffic circulation, public transportation, bikeway and pedestrian improvements, and public utility infrastructure. The financing of these improvements will come from the City's capital improvement budget, development impact fees, tax increment, and other funding sources. The infrastructure program is intended to "prime the pump" by creating capacity for the higher density urban scale development outlined in the approved land use plans.
Strategy #2: Support major office development projects
Within the next five years approximately 2 million square feet of new office use is anticipated to be developed in the Richards Boulevard planning area, and approximately 1 million square feet of new office on the Railyards site. This building program includes entitled projects and/or development cover by development agreements between the City and private property owners. These projects will help establish the Richards Boulevard office sub-market, and contribute both fee and tax revenues to finance the infrastructure program.
Strategy #3: Support "pioneering" residential development initiatives
The Agency will assist in the development of new "master-planned" residential neighborhoods within the next five years. This development is anticipated to occur along the American River within the Richards Boulevard Area, and within the southern Railyards planning area. This residential development will be pioneering in nature, and require significant public involvement in order to create the residential-supporting amenities necessary to market urban housing. The Capitol Station 65 site, the largest parcel under single ownership, will be the focal point for the initial market rate housing development.
Strategy #4: Continue to support service and retail commercial development
The Richards Boulevard commercial corridor and the Gateway District provide opportunities for attracting new service and retail commercial businesses. Proximity to downtown and easy access to the freeway system are key factors in attracting new businesses to the area. The established industrial sub-market of available warehouse and flex space will continue to be a strong focus for economic development efforts.
Strategy #5: Pursue development of the riverfront to create both a sense of place and a regional recreation resource
The area is bounded by both the Sacramento and American Rivers, offering miles of both natural and urban riverfront. The five-year plan calls for creation of a continuous urban recreation trail system, Two River's Parkway, that will connect from Old Sacramento to the Sutter's Landing Parkway. Initial efforts will focus on creating public access to the park-like setting of the American River. Along the Sacramento River, public access improvements will also include commercial development in the Jibboom Street area. Riverfront development is a key strategy for both establishing a sense of place for the district, and creating a recreation asset for the entire Sacramento region.
|
