
After $5.5 Million Sale, 223 Apartments Coming Near Sac State
Source: Sacramento Business Journal
Brokers: Ken Turton
Another step is near in the ongoing transition of the area around California State University Sacramento, with more than 200 housing units breaking ground shortly.
A joint venture between The Martin Group, Symphony Development and AECOM Canyon Partners has closed escrow on property at 6620 Folsom Blvd. for an entitled project called 65 East. Construction on 223 housing units with retail should start by year’s end or early in 2020, a development director with The Martin Group said.
“We’re currently in design plan check with the city,” said Rayanna Schmeling of the Oakland-based company. “As soon as we get that permit, we’re ready to get going.”