Just days after CalPERS bought John Saca out of The Towers project, he is unveiling a new condo plan for downtown. According to News 10, the plan includes 320 condos at 10th and J st, across from Ceasar Chavez Park.
This part of downtown has struggled for a long time to overcome the reputation of being a little dangerous, a little dirty and very rundown. Music in the park on Fridays during the summer has drawn a bigger crowd back to the area but K St. is still dilapidated in several blocks, leaving a hole between Downtown Plaza and the Esquire. While the city succeeded in buying out the last few holdouts in 2006, not much has changed.
The new Saca project isn't on K St. or part of the K St development but it will surely feed more development in the area. Parts of J are just as patchy as K st in the immediate downtown area. Perhaps if he can make this project fly, it will be just what other developers need to get started making changed downtown.
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