Local developer Sage Equities is looking to build on the momentum in a pocket of downtown Bakersfield, California, after opening its second market-rate apartment project in the area called The Cue.
The four-story, 49-unit project opened last year and “built on the success of 17th Place Townhomes,” the company’s first project Downtown that opened in 2021, according to the firm.
“Many more people want to experience an active urban lifestyle in Bakersfield, and we look forward to continuing to fill the need for more walkable luxury housing in the heart of our city,” said Sage Equities owners Anna and Austin Smith.
The Cue has been selected by a panel of local industry professionals as the winner of the 2024 CoStar Impact Award for multifamily development of the year for Bakersfield, as judged by a panel of local industry professionals familiar with the market.
About the Project: The Cue features a "boutique hotel vibe" with secure gated access, a private rooftop terrace, a dog park, fountains, an elevator, an indoor bicycle storage room and a furnished courtyard with barbecue and fireplace. Rents for a one-bedroom at The Cue, located at 1800 Q St., start around $1,940 per unit and $2,460 for a two-bedroom unit. The project did not receive any government funding.
They Made It Happen: Sage Equities owners Anna Smith and Austin Smith; Cater Design Group Principal Daniel Cater; and Eagle Land Development owner Brian Alexander.