February 7, 2016
Los Angeles developer CIM Group and partner CalPERS have revealed design plans for a 30-story, 1.1-million-square-foot office tower in Sacramento. The “hole in the ground,” as the vacant site is known, could revive the western end of Capital Mall, with a mix of offices, retail and 100 apartments.
Gensler’s conceptual designs depict a 420-foot tall structure, the second tallest in the city. The “preliminary vision” includes retail and creative office spaces, a public landscaped terrace, and outdoor terraces for office and apartment occupants.
For 11 years, the site has sat idle since CalPERS pulled the plug on a previous developer. The CIM/CalPERS project stillneeds to secure building permits, undergo the city’s entitlement process, as well as line up an anchor tenant before an expected ground-breaking in two years.