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Weidner Apartment Homes is pleased to announce the recent acquisition of Capitol Towers, a mixed-use property situated on 10.14 acres in vibrant downtown Sacramento.
Encompassing nearly one city block, Capitol Towers offers unique floor plans for rent that satisfy a variety of living styles. For residents who prefer a more urban-style dwelling, the high-rise Towers offer 409 units, whereas those who feel more at home in a garden-style apartment can choose one of the 206 low-rise Villas apartments.
Capitol Towers and Capitol Villas were built in two phases in 1961 and 1965, and remodeled in 2002, 2003 and most recently in 2007. The Capitol Towers property features a stellar amenity package that includes one of Sacramento's most coveted resort-style pools, a clubhouse, state-of-the art fitness center, outdoor lounge and barbecue area, making the community a haven for those who want to utilize their downtime as a quality "stay-cation." Inside, residents enjoy a generous amount of living space, along with designer-style appointments, a gourmet-inspired kitchen, stunning views from the Towers, and central heat and air conditioning. Spacious patios and balconies give residents that extra touch of privacy and individuality, where they can enjoy the outdoors, without having to leave the privacy of their own home.
Convenient Living is all in the Location
Nothing says convenient living more than this premier downtown Sacramento location that caters to the busy lifestyle, without being noisy or obtrusive. At Capitol Towers, residents relish in the flexibility of nearby retailers, light rail and commuter stops within walking distance of the property, and proximity to the Capitol Building and Capitol Mall. The property includes 4,228 square feet of first floor retail space, with 389 parking spaces. Current on-site retailers at Capitol Towers include Strings Urban Kitchen, Gino's Java, and Gary's Barber Shop. So, in the event that residents grow weary of making their own coffee, or trimming their own bangs, help is in sight and on site!
The property grounds pay homage to Sacramento's unique lifestyle with a park-like setting, bordered by a sophisticated, urban feel. Gorgeous, manicured paths are offset by mature trees, where neighbors can catch up during a walk, then stop for a cup of coffee at a nearby restaurant. As the city awakens and bustles with activity, residents can choose to join in on the activity, or relax in their quiet, spacious apartment home. Working and residing in downtown Sacramento has its distinctive benefits. Currently, downtown Sacramento supports approximately 93,000 jobs, with an effective mass transit system that supports the commuter lifestyle. Fans of the Sacramento Kings will enjoy knowing that Capitol Towers is located a mere four blocks from the property at the new Golden 1 Entertainment Center, a one-of-a-kind sports arena and entertainment venue. Boutique shopping, pubs, cafés, and gourmet dining are within minutes of this vibrant, eclectic neighborhood.
Commitment to Community
Capitol Towers plans to grow as its city grows, with an approval of an additional 1,171 more residential units and a 300-room hotel over a 20-year period, extendable to 30 years. This multi-phase development plan will include an extensive, detailed review with Weidner's in-house architects and designers committed to Weidners mission:
"What Matters to You, Matters to Us. Our commitment is not specific to merely the Capitol Towers asset, but the entire Sacramento market and community as a whole," says Kevin Colard, VP of Acquisitions. "We're excited about the long-term potential of this thriving market and what the Weidner family can offer its residents."
To find out more about how you can join the residents at Capitol Towers in Downtown Sacramento, contact us. It's our pleasure to welcome you to this unique property, designed to add comfort and ease to the busy, urban lifestyle.
Do you have a multifamily investment opportunity you think we might be interested in?
Please contact our Vice President of Acquisitions, Kevin Colard, at [email protected] or 425-250-2955.