Developer plans large housing complex on major Sacramento corridor full of vacant lots
A Los Angeles developer plans to build two apartment buildings on Stockton Boulevard near the new UC Davis Aggie Square development.
LW Gateway has submitted plans with the city to build two buildings on long-vacant lots along Stockton Boulevard between Ninth and 10th avenues.
The buildings would contain about 230 units, including about 10 affordable units for lower-income households, said Dan Weinstein, principal for LW Gateway. There will be a range of sizes offered, ranging from efficiencies to two-bedroom units, he said.
The development would be located near the $1 billion UC Davis Aggie Square development at Stockton Boulevard and Second Avenue, which is expected to open in 2023. Students and faculty will likely live in the units, but it’s not exclusively for them, Weinstein said.
Both buildings would be between three and five stories and contain retail space on the ground floor, Weinstein said.
Coffee shops or convenience stores could open there, but the developer wants to hear from the community, Weinstein said. A bagel shop is one popular idea in community outreach so far, he said. The firm is hoping to make the car-centric thoroughfare more walkable.
“We’re doing it to activate the boulevard,” Weinstein said. “We’d like to see it slowed down and make it more walkable.”
Weinstein said he did not know if the property would be included in the city’s Enhanced Infrastructure Financing District. For developments that fall in the EIFD, property tax revenue will be diverted to pay for infrastructure improvements normally covered by the developer instead of going to the city coffers.
Councilman Eric Guerra, who represents the area, has been trying to market the boulevard’s many vacant parcels to developers for the last few years. Those efforts have been seeing more success lately, partly due to Aggie Square. In addition to the LW Gateway project, Mercy Housing plans to build 200 units of mixed-income housing on vacant land at Stockton Boulevard and Lawrence Drive.
An estimated 45,580 new housing units, including 16,769 for low-income residents, are needed in the city by 2029, according to a state-mandated report.
LW Gateway hopes to start construction at the end of the year or early next year, Weinstein said. The units will open sometime in fall or winter 2023.
