A developer is planning to build three apartment buildings in Sacramento’s Mansion Flats neighborhood with the idea of emulating the Victorian-style homes built there more than a century ago.
Developer Steven Karp, head of Quantitative Financial Solutions, said Friday he hopes to start work this year on the first two of the buildings, which will line the south side of F street between 15th and 16th streets.
“They’ll fit in perfectly with the houses on the street,” Karp said of the three-story buildings that will each have nine apartments, ranging from studios to two-bedroom units.
Karp said his company has done three previous projects in the region, all replications of historic homes. This will be its first multifamily project and first in the downtown area, he said.
“I really like historic properties, but they require so much maintenance,” he said. “We want to offer something ... that looks and feels like a historic building but with all of the modern amenities.”
Planning documents filed with the city describe the project design as “reminiscent of late Queen Anne style” with construction elements that include asymmetric gables, multifloor bay windows, prominent moldings and a high-pitched roof.
The interior also will have some late-1800s elements, including wainscoting in the halls and “period-appropriate wood flooring (that) adds to the feeling of living in a fully renovated historical building,” according to the filing.
At the same time, the buildings will emphasize energy efficiency, the documents say, with extra insulation, LED lighting and tankless water heaters. Plans also call for a recycled water system for outdoor irrigation.
Sean Wright, president of the Alkali and Mansion Flats Historic Neighborhood Association, said his group has reviewed Karp’s plans and believes the project – called Manor Flats – will be a good fit for the area.
“This is a historic neighborhood, and they like to build in that style,” Wright said.
Karp said rents will be “reasonable,” with studios going for less than $1,000 a month and the largest units commanding $1,700 to $1,800 monthly.
That’s more than rents for older buildings in the area, he said, but below what’s being charged for comparable modern units.
He said his goal is to start construction on two of the buildings by summer and have them occupied about a year later. Work on the third building – at the corner of 16th and F streets – will begin when the first two are finished and at least 80 percent leased, Karp said.
The land for the project takes up half an acre and has been vacant for about 40 years, according to the filing with the city.