Large apartment complex proposed for land next to former Sacramento Kings arena
A large apartment complex is planned for a vacant parcel near the former Sleep Train Arena in North Natomas.
St. Anton Communities plans to build a 200-unit apartment complex on vacant land at the corner of Truxel Road and Terracina Drive, according to an email from the city of Sacramento’s Community Development Department last week.
The developer originally submitted the application for the project in 2022, according to a city webpage. That application said all 200 units would be market rate, not income-restricted affordable, according to the original application St. Anton submitted in 2022.
The plan is still for the apartments to be market rate, city spokesperson Kelli Trapani said Thursday.
The application was recently updated with revisions to the plan.
The complex, called Natomas Gateway Apartments, would have 334 parking spaces including some in garages, according to the city email. It would also have a community building and a pool, though their orientation changed from the 2022 application. The updated application added two garage buildings and a second entrance.
The property is owned by Pac West Diversified limited partnership, according to the Sacramento County assessor’s office. The agent listed for the limited partnership is Larry Allbaugh, according to a California Secretary of State document. Allbaugh is the CEO of Buzz Oates, a local real estate investment company.
Representatives at Buzz Oates and St. Anton Communities did not immediately respond to requests for comment.
The project will require approval from the city’s Planning and Design Commission because it would require an amendment to the Del Paso Road Planned Unit Development schematic plan for the area, said city spokeswoman Jennifer Singer. There is not yet a date scheduled for the item to go to the commission for consideration, she said.
Just east of the project is the site of the former Sleep Train Arena, the former home of the Sacramento Kings also known for years as Arco Arena, which was demolished in 2022 after the Kings moved to the Golden 1 Center downtown in 2016.
California Northstate University, a private for-profit university, plans to build a $1 billion hospital on the former Sleep Train site.
City leaders typically green-light new housing as Sacramento has fallen behind its housing goals for all income levels, which is contributing to the homelessness crisis. To keep up with its goal of building 45,580 new housing units by 2029, the city would have had to issue 5,698 new housing permits last year, according to recent city report. It issued 2,387.
This story was originally published May 6, 2025 at 2:27 PM.
