In what would be the tallest residential tower in the neighborhood, a developer has submitted plans to the city of Sacramento for a 13-story condo and commercial building in the heart of midtown.
Developer Ryan Heater is proposing to construct a tower at the southeast corner of 25th and J streets dubbed “Yamanee,” a phrase used to describe something spicy or unexpected.
The city planning commission should review the project early next year and construction could begin as early as late 2016, said land use attorney Jim Wiley, whose firm Taylor & Wiley submitted the permit application. The project requires the city’s approval to build above the 65-foot height limit for that part of midtown, Wiley said.
The building would have a restaurant and commercial space on the ground floor, followed by two levels of parking and 10 stories of condos. A small “amenities space” on the top floor would include a gym, spa and infinity pool, Heater said.
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In a touch of Hawaiian flair, the condos would have balconies with fireplaces that face both inside the apartments and outside, Heater said.
The ambitious project is in the early planning stages and Heater said his group does not have financing yet, but said “we have a lot of options.” Wiley said Heater’s partners have agreed to finance the process of seeking city entitlements for the project and said “there should be no problem financing this property.”
Heater’s firm owns the land where the tower would be built, which currently includes an art shop and a Birkenstock shoe store. Heater said he has spoken with the business owners about moving into the new building.
Yamanee would be the tallest residential building in midtown and, at 179 feet, is roughly the same height as the new Sutter General Hospital a few blocks away. Its proximity to the hospital, as well as entertainment venues and mass transit options, makes the project viable, Wiley said.
It would be the first major development project for Sacramento native Heater, whose background is in finance and commercial real estate.
“I live in midtown and this is a building I would live in,” he said. “It’s an exciting project.”