{"id":250145,"date":"2026-04-03T14:29:06","date_gmt":"2026-04-03T14:29:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/250145\/"},"modified":"2026-04-03T14:29:06","modified_gmt":"2026-04-03T14:29:06","slug":"sacramento-downtown-k-street-building-could-be-housing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/250145\/","title":{"rendered":"Sacramento downtown K Street building could be housing"},"content":{"rendered":"

New housing could come to a historic downtown Sacramento building<\/a> the city bought about two years ago for $18.5 million, according to Sacramento Mayor Kevin McCarty.<\/p>\n

McCarty divulged the 76,320 square-feet Hale Building<\/a> could be used for housing during a recent townhall with The Sacramento Bee.<\/a> Answering a question about revitalizing the urban core, the mayor said Sacramento must diversify its downtown assets.<\/p>\n

\u201cWe own a building there on K Street, the Hale Building, and we just selected a developer to build housing right there,\u201d he said.<\/p>\n

Part of a settlement<\/p>\n

The Hale Building, a three-story and 145-year-old building, sits just a few blocks away from the Golden 1 Center. The city of Sacramento acquired the site for $18.5 million from prominent developer Paul Petrovich.<\/p>\n

Petrovich sued the city after the council blocked approving a gas station for his Crocker Village development in Curtis Park. The city settled the case with Petrovich for about $30 million, which includes buying the Hale Building for $18.5 million, paying a $7.5 million settlement and shelling out $3 million for retaining outside counsel, according to The Sacramento Bee\u2019s previous reporting.<\/a><\/p>\n

The 76,320 square feet mixed-use building is partially occupied by on the first floor and is home to real state transaction management software company Skyslope Inc. on the second floor.<\/p>\n

Natural light bathes the empty third floor which could be an office space or residential units boasting sweeping views of Sacramento\u2019s downtown, according to a request for proposals released by the city.<\/p>\n

Negotiations ongoing<\/p>\n

City spokesperson Jennifer Singer declined to offer more details on the deal because negotiations are still ongoing.<\/p>\n

\u201cWe look forward to sharing more information soon about this exciting opportunity,\u201d Singer wrote in an email.<\/p>\n

The city likely overpaid a purchase price of $9 million, according to a Bee investigation which cited more several real estate experts.<\/p>\n

Developers faced an Oct. 3, 2025 deadline to submit proposals which could transform a prime corridor.<\/p>\n

The building\u2019s name comes from its original occupant, the Hale Brothers Department Store, originally built in 1881.<\/p>\n

Related Stories from Sacramento Bee<\/p>\n


\n \"Profile
\n <\/a><\/p>\n

Ishani Desai<\/a><\/p>\n

The Sacramento Bee<\/p>\n

Ishani Desai is a government watchdog reporter for The Sacramento Bee. She previously covered crime and courts for The Bakersfield Californian.\n <\/p>\n","protected":false},"excerpt":{"rendered":"New housing could come to a historic downtown Sacramento building the city bought about two years ago for…\n","protected":false},"author":2,"featured_media":250146,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[121,123,122],"class_list":["post-250145","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sacramento","tag-sacramento","tag-sacramento-headlines","tag-sacramento-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/250145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=250145"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/250145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/250146"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=250145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=250145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=250145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}