Sacramento has followed a consistent trend of economic, social, and political growth for the last few years. As new opportunities arise, non-government jobs are being created while the population increases every year. To keep up with the increased demand, High Density Residential (HDR) urban housing projects are cropping up throughout Sacramento’s CORE. Nikky Mohanah’s Micro Unit HDR project at 19 & J Street in Midtown Sacramento is slated for completion this year and will serve work force and millennial individuals who would rather rent than buy. HDR projects like 19J are working to fill a housing void that has needed attention for a long time as the supply of affordable urban housing has diminished. 19J offers micro units consisting of less than 400 square feet for around $1,000 a month. 19J also is introducing stackable parking, designed by HRG Architects,and administered by City Lift.
Just as the real estate market adjusts with projects like 19J, transportation options including alternative fuel vehicles, ride sharing services (JUMP Bikes, Uber and Lyft) have become the norm. Innovations in housing and transportation are essential to Sacramento’s future. All these innovations improve quality of life, reduce waste and cut transportation costs.
Envoy Technologies, a provider of shared on-demand, community-based electric vehicles, has become associated with Sacramento’s housing market through new partnerships encouraging the use of electric vehicles. Envoy also offers a “envoy car sharing” program that pairs well with the proposed housing projects in Sacramento. In this program they offer both charging stations and on demand electric vehicles as amenities for properties. By Increasing the value of rental units and clearing the air, envoy seems to be on the right track.
This seemingly coordinated response (involving multiple industries) to changes in Sacramento’s economy and demographics is illustrated throughout the City’s CORE and we will see more HDR developments like 19J in the future – particularly when the various modes of transportation expand. For more information on Sacramento’s growth, please click here.
For more information on developments such as 19J feel free to give us a call at (916) 930-0001.
This post was co-authored by Emma Bacon.