R Street construction finally takes shape
February 21, 2013 by Sarah
After numerous false starts over the past decade and a half, construction on the R Street ‘The Wal’ project finally got underway earlier this month in Sacramento.
The project is aimed to transform an area that was once an industrial corridor into a thriving cultural arts neighborhood. ‘The Wal’ is short for Warehouse Artist Lofts and will be made up of a mixture of offices, retail stores, apartments, and restaurants.
The concept has been a part of more than a decade-long plan to turn the area into a culturally attractive space for artists and others, though it has suffered numerous false starts over the years. The recent downturn in housing and other financial issues have hindered construction and development of the area in the past, but the plans all came together after the CFY and CADA joined together last year to win tax credits in the amount of $18m. In addition to that, the State Department of Housing and Community Development will be contributing $5m.
The development will include housing for artists, dancers, and others involved in the arts, as well as live-work space located in close proximity to the state Capitol. A number of restaurants and retail shops would also be a part of the area. As the cultural arena finally begins to take shape, printing companies might be called upon to provide these new businesses that move into the area with necessary printed materials, such as stationery printing and business card printing .
The cost for the total project is estimated at $42m.