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We Are Farm-to-Fork
America’s Farm-to-Fork Capital encourages the use of local food to make a positive impact on health, economy, the environment, and our community. Farm-to-Fork isn’t a passing fad or a marketing slogan in the Sacramento region – it’s the way we live. Our region has been an agricultural powerhouse for centuries, boasting a year-round growing season, ideal climate and a mouth-watering bounty of crops. Chances are, if you’re enjoying a meal in the Sacramento region, it came from a local farm.
Downtown Sacramento is experiencing a surge of development with more than $1.1 billion in public and private investment that has been made over the past decade. Some of the projects that are expected to be “game changers” for the city include:
Downtown Commons (DOCO):
This mixed-use project is taking shape on the site of the former Downtown Plaza shopping center. When it is fully complete, it will include about 1.5 million sf of office, retail, hotel and residential space. Phase one of DOCO, which included a 250-room Kimpton hotel and 45 residential units, was completed in 2017. A second phase with 630,000 sf of retail space and 250,000 sf of office space is under construction with tenants that are already open or set to open later this year.
DOCO is adjacent to the Golden 1 Center, a sports and event center that was built in 2016 to host the Sacramento Kings NBA team. The entire four-block area, including the event center and surrounding DOCO, is emerging as a vibrant entertainment destination.
The Railyards:
Located just north of downtown and south of the River District, the Union Pacific Railyardsrepresents another major mixed-use redevelopment for the city. Plans for the 244-acre project include a mass transit hub, 5 million sf of office, 1 million sf of retail, up to 6,000 units of housing, hotels, a Kaiser Permanente medical center and a proposed Major League Soccer stadium along with park and green space. Developers are currently working on putting infrastructure in place.
These and other projects are piquing investor interest and fueling property sale transactions across the board. We looked at Reonomy data, and total property sales including agricultural land surged 73% last year from $9 billion in 2016 to $15.6 billion in 2017. Transaction volume is more subdued this year with $2.5 billion in transactions recorded during the first half of the year.
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