Last week, the Sacramento Kings submitted plans to redevelop the site of Sleep Train Arena with a mixed-use project that could include housing and more.
First opening in 1988 as Arco Arena, Sleep Train Arena was home to the Kings through the 2015-2016 season. The Kings departed the venue for downtown Sacramento’s Golden 1 Center in time for the 2016-17 campaign, but maintain ownership of the 183-acre property that includes their former home.
On Thursday, the Kings filed plans with the City of Sacramento on a possible redevelopment of the site. The development would be built out over a period of decades, with many specifics addressed over time. The urban village-style concept could include housing, commercial, and mixed-use space. More from the Sacramento Business Journal:
Officials with the Kings, speaking on the condition that they not be identified, emphasized the flexibility they’re seeking in the city’s entitlement review for the plan. The planning application states that the site could have up to 1.18 million square feet of commercial development and more than 2,000 residential units.
But team officials said what actually gets built will depend on demand from tenants, builders and partner developers over the several-decade course of the buildout, which doesn’t have an estimated dollar value at this point.
“Today, we are pleased to take the next step towards entitling the Natomas site to attract an end user that will support the evolving needs of the region,” the Kings’ chief operating officer, Matina Kolokotronis, said in a statement issued by the team. “We have diligently worked with city leaders, stakeholders and interested parties to gather feedback and develop a flexible master entitlement plan.”…
In the application, the property is envisioned as five parcels: two for residential, two for commercial and one for mixed-use development. The overall breakdown in land usage would be about 60/40 residential to commercial, though team officials emphasized that’s only a possibility. Flexibility is the main goal. Buildings could be as tall as seven stories.
There have been other concepts floated for the site of late, as it was recently learned that the Sacramento Zoo has interest in the property as it seeks a larger location. Sleep Train Arena has gone largely unused since the Kings played their last game there, but the venue is expected to host conventions while an upcoming Sacramento Convention Center expansion takes place. Additionally, an on-site practice facility is currently used by youth teams and the NBA Gatorade League’s Stockton Kings.
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