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Sacramento Kings – Golden 1 Center and Downtown Commons

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Sacramento Kings Overview

The NBA’s Sacramento Kings, partnered with JMA Ventures to build the nation's premier sports and entertainment center - the 17,500-capacity Golden 1 Center basketball arena and its surrounding mixed-use development, Downtown Commons. The development – located in the center of one of America’s most important state capitals—promises to be an internationally iconic destination for world-class basketball; tech-forward office space; and luxury hospitality, retail, and residences.

Quick Project Facts

  • Construction Dates: 2014-2017
  • Amount Raised: $150,000,000
  • Investors: 300
  • Jobs Created: 7,770 (projected)

The Sacramento Kings, the oldest NBA team in the country, are partnering with JMA Ventures in building the nation's premier NBA sports and entertainment center - the Golden 1 Center and its surrounding development, Downtown Commons. The Golden 1 Center entertainment sports complex will be an internationally iconic destination for world-class basketball, luxury retail, tech-forward office space, and luxury hospitality (InterContinental Group), and residences.

The project will be fully operational in October 2016, when the Golden 1 Center opens its doors for the start of the 2016-2017 NBA season.

State-of-the-Art Arena

  • 732,000 square feet, 17,500-person capacity
  • 200 events per year with 43+ NBA games
  • +2,500 parking spaces

Major Brand Hotel

  • Kimpton brand (InterContinental Group)
  • Full-service boutique hotel
  • 250 rooms, luxurious amenities

Office/Commercial Space

  • 127,000 square feet of premier office space
  • 47% of office space already pre-leased

Prime Retail Space

  • 283,570 square feet of high-end retail space
  • Small shops, restaurants, food court, fitness center, cinema
  • 70% leased

Residential

  • Luxurious 43 units with amenities

golden 1 centerSacramento Kings

The Sacramento Kings are a professional NBA basketball team based in the capital city of California.

The Kings’ ownership group is led by Vivek Ranadivé, an entrepreneur, technology visionary, author, philanthropist, and successful sports team owner widely recognized for his out-of-the-box thinking. Ranadivé is the founder of TIBCO Software, Inc., a multi-million dollar real time computing company. Ranadive is credited with digitizing Wall Street in the 1980s with his first company.

Former NBA star Shaquille O’Neal – whose decorated 19-year career includes 15 NBA All-Star selections and inclusion by the league as one of the 50 Greatest Players in NBA History – is among the minority owners.

The franchise’s President and Chief Operating Officer, Chris Granger, runs the Kings’ day-to-day business operations. Granger previously served as leaguewide Executive Vice President of the NBA’s Team Marketing and Business Operations function, where he drove numerous and consistent records for game attendance, gate receipts, and sponsorship revenue for the league and its affiliates.

golden 1 locationsJMA Ventures

A full-service real estate investment firm, serving as managing partner of over $800 million in existing projects spanning hospitality, leisure, residential developments, retail, office and industrial/ telecom.

Founded in 1986, the San Francisco-based company has focused on delivering risk-adjusted returns to its investors while providing quality products and improving the communities and environments in which it conducts business.

Past JMA projects have included the redevelopment of San Francisco’s iconic Ghirardelli Square, the transformation of Homewood Mountain Resort into Lake Tahoe’s premier recreational destination, and the development of iconic Bay Area restaurants Waterbar and Epic Roasthouse.

Fund 8 (Sacramento Kings I)
Sacramento Kings Golden 1 Center and
Downtown Commons mixed-use development

Investors: 250
Amount Raised: $125,000,000
Construction start: 2014
Completion: 2017
I-526 Approval Rate: Pending
Jobs Created: 5,078 (projected)
Exemplar Approval Letter (Nov 2016)

Fund 9 (Sacramento Kings II)
Second tranche of 8K for upgraded hotel, residential units, and higher-end retail space

Investors: 50
Amount Raised: $25,000,000
Construction start: 2014
Completion: 2017
I-526 Approval Rate: Pending
Jobs Created: 2,692 (projected)

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