Sacramento Blue Diamond Campus Slated for Major Mixed-Use Redevelopment
Source: Folsom Times
Brokers: Ken Turton , Scott Kingston , Jon Lang
One of the Sacramento region’s most recognizable industrial properties is preparing for a major transformation as Blue Diamond Growers announced Tuesday it has selected Bardis & Miry Development to acquire approximately 35 acres of its midtown Sacramento campus for a large-scale mixed-use redevelopment project.
The proposed project is expected to bring between 1,000 and 2,000 homes to the site, along with ground-floor retail, community amenities and additional urban infill development in the heart of Sacramento.
According to the announcement, Bardis & Miry Development is currently conducting due diligence on the property while evaluating redevelopment concepts and planning options. Both parties said more details regarding project design, phasing and community engagement efforts are expected to be released in the coming months.
The transaction is being represented by Ken Turton of Turton Commercial Real Estate.