Anthem Properties Group Ltd. has acquired 1500 S Street in Sacramento, California for $5.1 million.
The ¾ acre infill project is in an excellent location at the intersection of Downtown and Midtown, steps away from the largest employment hub in the region and the historic R Street Corridor filled with shops, restaurants and cultural amenities.
“This is Anthem’s second acquisition in the downtown Sacramento area in the last year,” says Anthem’s CEO, Eric Carlson. “It shows our company’s belief in and commitment to the City and the entire region.”
Anthem is working with architects and planners on a proposal that includes a mix of residential and commercial that will benefit and enhance the neighborhood in keeping with its cultural and historic past. It expects to submit a formal plan later this year.