2023 Q1 Market Report

Page 6

Residential Market

The River District is transforming from a primarily industrial and commercial distribution center to a vibrant, mixed-use neighborhood. The most visible aspect of this change is the growing residential market.

Track 281 Apartments, the River District's first market rate project, is now pre-leasing.

Multi-Family Residential 1

Cannery Place Apartments

Township 9

180 units

$477 avg rnt Affordable

2

Quinn Cottages

1500 A St.

60 units

$498 avg rnt Affordable

3

Mirasol Village Blocks A, B & E

1390 Swallowtail

227 units

na

Affordable

TOTAL

467 units

Under Construction 4

Mirasol Village Blocks C & D

1390 Swallowtail

200 units

na

Market Rate/Mixed

5

Track 281 Apartments

321 Bercut Dr.

281 units

na

Market Rate

6

Township 9 - Phase A1

Township 9

372 units

na

Market Rate

TOTAL

853 units

Proposed 7

Grower's District

N. 16th St.

540 units

na

Market Rate

8

American River One

450 Bercut Dr.

825 units

na

Market Rate

9

Hobby Condos

601 Dos Rios St.

52 units

na

Condominiums

10

Mirasol Village Block F

515 N 12th St

72 units

na

Affordable

11

Township 9 - Phase A2

Township 9

170 units

na

Market Rate

12

Township 9 - Phase A2 (remainder) + B

Township 9

1,620 units

na

Market Rate

TOTAL

3,279 units Source: The River District

8 5

11

12

6

1

4,599 Apar tm e un d e n t un its e r con x is tin p ro p g, o s e d s truc tio n , or w ith i n the D is tr R iv e r ic t

9 3 4

6

10 7 2


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