Although some demolition and abatement has been underway for some time, the 700 Block of K Street project is officially underway as of Thursday, March 5. A large crowd gathered in St. Rose of Lima Park Thursday to help celebrate the public-private partnership that is the revitalization of this long blighted section of K Street. The project will bring housing, retail and jobs to downtown, and comes as another ancillary development alongside the Entertainment & Sports Center project.
“This project represents a new day for K Street with the return of housing to our historic Main Street,” said Council Member Steve Hansen.
With 137 units of mixed incoming housing, on top of 63,000 square feet of commercial space, the project is sure to spruce up the long derelict store fronts along K Street.
The $52 million project represents a public-private partnership between the D & S Development, CFY Development, the City’s Economic Development Department, SHRA and the Downtown Sacramento Revitalization Corporation. Through the restaurants, entertainment venues and retail envisioned for the site over 500 jobs will be added to Downtown.
The event saw a collaborative excitement with comments from group principals Bay Miry and Ali Youssefi, Mayor Kevin Johnson, Council Member Steve Hansen, City Manager John Shirey, and SHRA Executive Director La Shelle Dozier.