Showing articles 1 - 2 of 2 tagged as "nehemiah community reinvestment fund holdings"

Art Moderne building needs home

The Capitol Area Development Authority is hunting down a new home for a historic fourplex in an effort to save the Art Moderne building from a wrecking ball. The stucco apartment building known as Capitol Gardens was built at 1517 N St. in 1949 by Sacramento architect and engineer Jacob Loyth. In fall 2011, construction will begin on the site at the northwest corner of 16th and N streets on a $43 million, nine-floor building with 117 condos. CADA is trying to find a way to relocate the building's historic four front units to reduce the cumulative loss of historic resources and impact on a potential historic district, as directed by an environmental report for construction on the site. T

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16th and N project moves forward

The Capitol Area Development Authority began an environmental review this week for a $43 million, mixed-use building proposed for the East End Gateway. While a consultant began the environmental analysis of the project's final design, developers Em Johnson Interest of San Francisco and Nehemiah Community Reinvestment Fund Holdings of Sacramento have begun working with the authority to draft a development agreement for the project at the northwest corner of 16th and N streets. CADA ended its partnership with the first developer, Lambert Development, after that company's proposal was deemed too high-end for Sacramento and progress wasn't made fast enough, said Marc de la Vergne, the author

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