Search
 

Council Approves Downtown Rail Yard Redevelopment

SACRAMENTO, CA-The 240-acre birthplace of the transcontinental railroad is one of the largest urban infill opportunities in the nation.

By Brian K. Miller | Updated on December 14, 2007

SACRAMENTO, CA-The Sacramento City Council this week approved a plan for one of the largest urban infill opportunities in the nation, Union Pacific’s 240-acre railroad yard. The multi-billion, multi-phase project would transform the dormant land adjacent to Downtown into a dense mixed-use village that includes no less than 7,400 housing units, 1.2 million sf of office, 570,000 sf of retail and 42 acres of open space.

The master developer is Atlanta-based Thomas Enterprises, whose other projects include 1,500-acre mixed-use development in Orlando called the Boulevard. The company filed its development plan for the Sacramento project in June 2005 and acquired the land from Union Pacific shortly thereafter. If it ultimately happens, the redevelopment would generate approximately 19,000 jobs and push $2.7 billion into the local economy, according to a study commissioned by the city.

The plan calls for a redeveloped rail yard anchored by an intermodal transportation terminal, the historic Central Shop buildings and a Railroad Technology Museum. The Central Shop buildings, once the largest railroad maintenance facility west of the Mississippi, would become a public marketplace. The development would be linked to the Downtown via an extension of 5th and 6th streets over the relocated railroad tracks.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.