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Developer Sets Downtown Stakes

SACRAMENTO-San Diego based commercial and industrial developer The Allen Group will establish a Northern California presence with the development of an office and hotel complex.

By Michelle Savage | Updated on December 19, 2002

SACRAMENTO-The Allen Group, a commercial and industrial real estate developer, is building a new office project and hotel in Downtown Sacramento.

The first phase of the master-planned office and hotel campus has broken ground and is expected to open next summer at the corner of 14th and L streets. This phase consists of about 180,000-sf of office space, rising 12 stories. It will cost an estimated $30 million.

Phase II will include a 14-story hotel on the opposite side of the property, located at 15th and K streets, adjacent to the convention center. The 255-suite hotel, which was just approved by the city, will break ground next spring and will cost an estimated $37 million. The developer had originally planned to build additional office space but recently incorporated a hotel into the plans instead. A hotel management group has not been selected yet though both Marriott and Hilton have expressed interest.

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