Real Estate News

More new housing coming downtown? Apartments planned for Sacramento’s historic Bel-Vue building

View of K Street from the former Bel-View apartments.
View of K Street from the former Bel-View apartments.

Developer Ali Youssefi has submitted plans to rehabilitate the historic Bel-Vue apartments near the corner of Eighth and L streets, a key downtown property controlled by the Sacramento Kings.

Youssefi’s application to the city calls for turning the top two floors of the vacant building into 22 one-bedroom apartments ranging in size from 451 to 925 square feet. The ground floor would house either a restaurant or shops.

The Bel-Vue was built in 1910 and was once home to a diverse mix of downtown workers. It has long been vacant and police have arrested squatters in its rooms over the years.

Youssefi had submitted plans to the city late last year to rehab the Bel-Vue and other adjacent properties near the corner of Eighth and L. But the Kings executed a right of first refusal over the parcel that was granted to them by the city under the terms of the Golden 1 Center financing deal. That right allowed the Kings to maintain control of the land and block any third-party plans for the site.

The Kings also maintained control of empty plots at the corner of Eighth and K streets. City officials said the Kings have discussed their plans for the site, but the city has not released those details.

Youssefi declined comment Thursday. A Kings spokesman could not be reached.

The MAY Building at 11th and K streets in downtown Sacramento opens this week with 21 upscale apartments. Rents will range from about $1,850 to the high $2,000s.

Ryan Lillis: 916-321-1085, @Ryan_Lillis