The CEO of a Philadelphia-based marketing research firm is signaling his excitement about the economic future of our region by snatching up a huge area of downtown land that appears ripe for development, the Sacramento Bee reports. The parcels stretch along the 1200 block of Q Street and the 1700 block of 12th Street. The buyer, Robert Porter, is president and CEO of Research America, which is based in Philadelphia and has a West Coast branch in Sacramento.
"I'm really excited about Sacramento in general and growth here," Porter told The Bee. "It's a great place to be. It's a great city."
Porter's new land sits in the R Street corridor, which is slated to be a center of downtown revitalization, with renovated warehouse space turned into lofts, restaurants and entertainment venues. The parcels are also close to the pending Barn Project, which we recently discussed on this blog. The West Sacramento City Council is contributing funding to help create the outdoor, multi-use venue, which is expected to include a concert space, farmers market and beer garden.
Also in the area: offices of the state government, minor league baseball venue Raley Field, the site of the anticipated Sacramento Kings basketball arena and, of course, the Sacramento River.
If you are a young professional looking for a fun, vibrant community to call home, or someone interested in buying investment properties, you might want to consider this particular neighborhood. If you are interested in learning more about the area, call me, top real estate agent Jon Hesse. With a history of great customer service and 10 years of experience, I can help you find the perfect property.