case study:

Downtown Commons

Sacramento, CA

  • JMA acquired land site, envisioned sports-anchored district, and successfully developed the project.
  • Developed 250 room Kimpton Sawyer Downtown Commons (“DOCO”) spurred:
    • $6.7 billion in new projects,
    • 150 new ground floor retail businesses,
    • 2,000+ new residential units completed,
    • and 3,000+ residential units currently under construction.
  • Adjacent property foot traffic has increased over 50% since project opening. Delivered significant premiums over market:
    • 82% sales price premium over condominium high-water mark per square foot;
    • 40% RevPAR premium pre-pandemic and 70% RevPAR premium in 2022.
  • Top-performing location for restaurants with full-service restaurant sales averaging ~$750-$900/sf in 2022.