The Michaels Organization To Break Ground On $82M Sacramento Project

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The 225-unit multifamily community is slated for completion by the first quarter of 2023.: The joint venture of The Michaels Organization and Artemis Real Estate Partners has landed $82 million in financing for a luxury development immediately west of Sacramento, Calif. Construction is imminent on the 225-unit community that will be located at 3820 Chiles Road in Davis. Brown Constructions will serve as general contractor, while architecture, and engineering and landscaping services will be provided by ADC and Cunningham. Set for completion at the beginning of 2023, the property will be managed by Michaels Management.

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