
Pending Sale Would Bring Mixed-Use Projects Near UC Davis Medical Center
Source: Sacramento Business Journal
Brokers: Ken Turton
A Los Angeles development company specializing in student housing has a pending deal to acquire land near UC Davis Medical Center for future projects.
Tuesday, the Sacramento City Council will vote on approving a $1.49 million sale of 1.55 total acres at 4722 Ninth Ave. and 4601-4025 10th Ave, to College Town International LLC.
The two properties, currently undeveloped, are at the intersections of Stockton Boulevard and the respective avenues. The 10th Avenue property is 1.13 acres, while 4722 Ninth is .42 of an acre.
According to the city council’s agenda, College Town would develop both sites with multistory mixed-use buildings, with residential units above ground-level commercial space. The projects would be for students, faculty and staff at nearby UC Davis Medical Center, at 2315 Stockton Blvd., according to the agenda item.