After years of stop-and-go planning, Mohanna Development’s long-discussed 10K tower on the 900 block of K Street is back on the board, with the team now circling 2027 for a construction start. The 15-story mixed-use high-rise would wipe out three mostly vacant storefronts and bring in hotel rooms, hundreds of small-format apartments and ground-floor retail. If it actually gets off the ground, 10K would rank among downtown Sacramento’s biggest residential additions in recent memory and a high-profile stress test for the area’s post-pandemic comeback.
The new timeline surfaced in reporting from the Sacramento Business Journal, which notes that Mohanna is now targeting a 2027 start after earlier schedules were blown up by entitlement and financing delays. The outlet reports the developer bought the properties at 920, 924 and 930 K St. back in 2015 and described the stretch as a block with few active businesses and several shuttered storefronts.
What the plan would build
Project documents and local coverage describe 10K as a 15-story mixed-use building that would stack a hotel, several dozen compact apartments, a floor of co-living units and street-level retail into a single tower. Coverage from SN&R says the plan would replace three vacant buildings on the 900 block and include rooftop amenities. As Mohanna told CapRadio in 2018, one floor was envisioned as shared, dorm-style units marketed to younger Capitol workers.
Why construction was delayed
Developers and local reporting have pointed to a familiar trio of headaches for why 10K stalled after it first won approval: high interest rates, rising construction and labor costs, and a slower-than-hoped rebound for downtown activity. The Sacramento Business Journal reports that Mohanna sought additional time to keep project entitlements alive while chasing financing, which pushed any realistic groundbreaking further into the decade.
What it would mean for K Street
Supporters argue 10K could inject some badly needed life into a part of K Street that has seen spotty retail occupancy for years. More residents and hotel guests would land within walking distance of the Golden 1 Center and the State Capitol, potentially giving nearby businesses a steadier stream of customers instead of relying on event nights. Local reporting and brokerage listings have long characterized the site as underused, so whether 10K moves forward will be watched closely by other developers weighing big downtown bets.
Next steps and timeline
Before any ceremonial shovels hit the dirt, Mohanna still has to lock in construction financing and nail down contracts. Brokerage materials and project listings indicate that the project’s entitlements now stretch into 2027 to give the team time to pull that together. Turton Commercial Real Estate notes that the real start date will depend heavily on market conditions, so 2027 is best read as a target, not a sure thing. For now, 10K remains fully approved on paper but not yet ready to break ground.
