One of Midtown Sacramento's most talked-about infill sites is officially back on the open market. Anthem Properties Group has pulled the plug on its roughly 225-unit apartment plan for 905–925 S Street near downtown, and the fully entitled block is now up for sale as a plug-and-play development site.
Sacramento Business Journal reports that brokerage Turton Commercial Real Estate has started marketing the property with city approvals already in hand. According to Anthem's project page, the now-sidelined proposal called for a seven-story, mid-market rental building with about 225 apartments and roughly 6,500 to 7,100 square feet of ground-floor retail space. In other words, Anthem had advanced designs in motion before opting to step aside.
What's listed
Marketing materials from Turton Commercial Real Estate for the broader R Street corridor say entitlements for the S Street parcel were wrapped up in December 2022, and that the city was reviewing a building-permit application. That kind of status is exactly what brokers highlight when they pitch land as development-ready.
The brokerage identifies the property as 905–925 S St and is positioning it alongside other fully entitled Midtown infill, such as a separate "21K" site listed on LoopNet. Grouping it with other shovel-ready parcels underscores how much of the current demand centers on projects that can theoretically move straight into construction once a buyer steps up with financing.
Local context
The site sits inside Midtown's R Street corridor, a stretch that has steadily filled in with new apartments and adaptive reuse projects in recent years. Recent coverage of 170 new apartments eyed for nearby R and S streets spotlights just how active the immediate area has become and how much appetite there is for infill projects.
Anthem is no stranger to that evolution. Anthem's Maker at 1516 S St, a 137-unit mixed-use building completed in 2024, shows the company already has a significant footprint in the neighborhood, even if this particular S Street plan is now in someone else's hands.
What's next
From here, brokers will shop the entitlement package to developers and institutional buyers. Those players typically weigh the existing approvals, where things stand in the permitting process and how the capital stack might pencil out before they pull the trigger on a deal.
According to Sacramento Business Journal, Turton's marketing materials spell out broker contacts and additional package details for would-be bidders.
How fast the S Street entitlements change hands, or whether they sit for a while, will be a quiet test of how bold buyers are feeling about midrise infill in Sacramento's core. For now, Anthem's move takes a major project out of its immediate pipeline and passes the baton to whichever developer decides this Midtown block is worth the bet.
