The Warehouse Artist Lofts (WAL)

The Warehouse Artist Lofts or the WAL (formally the Capitol Lofts) is the proposed rehabilitation of the existing six story historic CADA warehouse building, into a residential mixed-use apartment complex. Located in the heart of the R Street Historic District between 11th and 12th Streets, this exciting project includes new residential housing construction east of the historic warehouse building, a below grade parking garage, and ground floor retail along R Street.  The 116 housing units and 13,000 square feet of commercial spaces will be marketed to the Sacramento artist community with the goal to make the R Street Historic District also an art and culture district.  The WAL is being undertaken jointly by the Capitol Lofts-Sacramento, LLC (a partnership of CFY Development and Holliday Development) and the Capitol Area Development Authority (CADA).

Project Status

Construction is underway.  The WAL Project is currently under construction and is anticipated to be completed in late 2014.  If you want construction, leasing, and/or other project related updates please visit the following links:

WAL Facebook Page

WAL Website

R Street Facebook Page

Interested in living here?  Contact CFY Development at 916-446-4040 or CADA at 916-322-2114 to be put on an interest list and receive updates about the project with its progress.

Design

Garage Level

1st Floor

2nd Floor

3rd Floor

4th Floor

5th Floor

6th Floor

*Note:  Slight modifications have been made to certain units in the above plans since June 2012.

Program Summary

The Warehouse Art Lofts development will celebrate the historical character of the warehouse building and industrial aesthetic of the R Street Corridor.  The project includes construction of a new building that will connect to the historic warehouse,  a podium parking structure, and 116 housing units designed with artists in mind.  Additionally, the development plans include a rooftop deck, multiple housing tenant amenities, and ground floor retail facing R Street.

CADA views the WAL project as a prime redevelopment opportunity to enrich the R Street Corridor and fulfilling the community’s vision of a vibrant mixed-use neighborhood with historic character.  The WAL is also CFY and Holliday Development’s response to the vision and goals of CADA and the City of Sacramento to provide innovative housing, preserve historical character, and provide new jobs and economic growth for the R Street Corridor.  This project has the potential to be a true economic catalyst for the R Street.

Fast Facts

Location:        South side of R Street between 11th & 12th Streets

Unit Count:    116 units

Commercial Space:  Approximately 13,000 square feet

Acres:  .88 Acres

Dwelling Units per Acre:  131.5 DUA

Developers:   R Street Investors, LP, a partnership of CFY Development (Ali and Cyrus Youssefi) and John Cicerone.

Architect:  Applied Architecture, www.appliedarchitecture.net

Funding Provided by:  RBC Capital Partners, California Housing and Community Development (HCD), California Tax Credit Allocation Committee, US Department of Parks and Recreation (Historic Tax Credits), Capitol Area Development Authority (CADA), JP Morgan Chase Bank, California Community Reinvestment Corporation (CCRC).

Site Cleanup Partnership with the US EPA

CADA received a loan from a U.S. Environmental Protection Agency’s Brownfields grant program to help pay for the cleanup. Under DTSC’s oversight, CADA prepared a removal action plan and excavated and removed approximately 5,000 cubic yards of contaminated soil to a depth of eight feet. Soils were transported to a permitted facility and the cleanup was completed by the summer of 2004. In September 2004, DTSC issued a certificate of completion that all environmental cleanup activities were completed and that the site was suitable for unrestricted land use. Recently, CADA begain the required repayment of its EPA cleanup loans.  To learn more, please view the US EPA’s project summary at:

http://www.dtsc.ca.gov/Success/upload/CADA.pdf