Opportunity to acquire a prime 10.13-acre site for development of muiltifamily apartments or single-family homes. 2549 Arena Blvd provides a strategic investor or developer an opportunity to acquire a desirable, fully entitled site with the flexibility to modify plans to create their vision given the range of options available for the site. Located in the highly amenitized and rapidly expanding North Natomas submarket, the site is conveniently less than 5 miles from Downtown Sacramento and 6 miles to Sacramento International Airport (SMF). The site has approved entitlements to construct a 282-unit luxury apartment community, called Arena Brownstone Living. The project is a mix of (32) studios,(150) one-bedroom one-bathroom and (100) two- bedroom two- bathroom units. The site also has conceptual site plan and designs for (191) for-sale single-family residential townhomes. The City of Sacramento updated the General Plan, and zoning allows for a higher density project with a maximum Floor to Area Ratio (FAR) of 4.0. The site's configuration on Arena Blvd and E Commerce Way provides landmark identity and high visibility. This site's location makes it a prime opportunity for residential development.