A Sacramento company is proposing construction of nine homes along Broadway, near the Land Park neighborhood, in another sign of increasing development interest in that area.
Plans filed with the city by Indie Capital call for a community of homes on an L-shaped, half-acre parcel on the north side of Broadway, just east of 10th Street.
It is one block from where developers are planning a retail project that will house the new location for The Kitchen, one of Sacramento’s best and most expensive restaurants, and a few blocks from The Mill at Broadway, a housing complex now under construction where up to 1,000 homes will ultimately be built.
Erica Cunningham, who runs Indie Capital with her husband, Nate, said Friday the company is eager to participate in the “revitalization of lower Broadway.”
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“We really saw a unique opportunity there, with so much vacant land and undeveloped space and the proximity to other neighborhood attractions like the farmers market,” she said.
Indie Capital has completed more than 30 residential projects, most in the central city and East Sacramento, she said.
The company’s plans – for a project dubbed Broadway Redux – call for three houses facing Broadway, across from the Historic City Cemetery. Those homes will be three stories high, with stucco podiums supporting wood-clad second and third floors that are cantilevered toward the street.
The main main living areas will be on the upper floors “to increase privacy and provide separation from the vehicular traffic,” according to a narrative from the project’s architect, Johnsen Schmaling of Milwaukee.
The remaining six houses will be two stories high, face Yale Street and also have stucco and wood exteriors, according to the filing.
Cunningham said the houses on Broadway will be compact, measuring about 1,260 square feet with two bedrooms, and will sell for about $450,000.
“They’re more of a dense, commercially driven product,” suitable for live-work space, she said.
The back units, though only two stories, will have three bedrooms, include about 1,860 square feet and will probably be priced just under $500,000.
“They’re more residential, more traditional and family-oriented,” she said.
Cunningham said she hopes to have the project under construction by the middle of next year and completed in late 2016 or early 2017.