Even though a hospital, concert venue and soccer stadium are coming to Sacramento’s Railyards, the district may not see new residential construction for several years.
There are two apartment complexes there now — Wong Center and The A.J. Apartments — but one of the district’s lead developers said recently that he believes the Railyards and other parts of Sacramento’s core may not see home building speed up again until around 2028.
“We’re just not in a place where rents and the market are supportive of new development,” said Denton Kelley, CEO of LDK Ventures, the master developer of the Railyards district. “…It will probably take until about ’28 before we start seeing new residential projects in the Railyards and, probably, within midtown and downtown.”…