we acquired Luella in august 2020. located in sacramento’s historic r street district, Luella will benefit from the significant investment the district has seen over the past decade.
The project is a 51-unit market-rate apartment building, which will feature a mix of single level and loft style studio, 1-bedroom and 2-bedroom homes. Close to four city parks and retail shops, and just a block from “restaurant row” on R Street, Luella offers excellent pedestrian and bike access, with a Walk Score of 94 and a Bike Score of 99. With a light rail station located on the adjacent property, it also offers great transit access.
We selected local artist, Franceska Gamez, to design and install a mural on Luella’s south side wall. The mural will be highly visible to anyone using the adjacent light rail station and to residents accessing the building through its main entrance.
CURRENT STATUS
Construction at Luella is progressing well and on track for delivery in fall 2023. We are currently installing exterior siding and stucco and wiring interior electrical.
Developer: Urban Development + Partners
Architect: Ellis Architects
General Contractor: Market One Builders
Projected Completion Date: Summer 2023
Project Features:
Multifamily residential project with 51 market rate apartments, including single level and loft style studios, 1-bedrooms and 2-bedrooms
Onsite parking: 22 automobile spaces, 4 motorcycle spaces
Onsite bicycle parking: 26 secured, indoor spaces in a dedicated storage building, 6 outdoor spaces on a bike rack
Large windows and generous natural light
Excellent multimodal transportation access
Close to several popular destinations: R Street Corridor restaurants, bars & shopping; State capitol and government offices; Golden 1 Center - Kings stadium; future MLS Stadium; Theater district; and numerous parks and public plazas
