Two SKK Developments projects starting in first quarter

Demolition will start this week on a long-closed Sacramento hotel building, with new residential units and retail space planned in its place. Developer Sotiris Kolokotronis of SKK Developments said by early 2022, a 190-unit project will occupy the former Clarion Hotel property at 700 16th St.

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Kolokotronis plans apartments on Conrad-owned Natomas land

Developer Sotiris Kolokotronis is planning 312 apartment units in Sacramento’s North Natomas area, though the property for the project is currently owned by another well-known commercial real estate executive.

Ethan Conrad, who acquired 3801 Gateway Park Blvd. in late 2013 out of foreclosure, said he decided not to pursue a project of his own there.

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Three developers vying for 10-acre Rancho Cordova site

Rancho Cordova has narrowed to three its list of potential development groups for a city-owned site of about 10 acres, with presentations planned Tuesday night to help narrow further.

The three groups, all of which include at least one local company, were among eight that answered the city’s request for qualifications earlier this year. The city’s request centers on 10 bare acres on Folsom Boulevard near both the Mills light-rail station and Los Rios Community College District’s Rancho Cordova campus.

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Q19 project in midtown sold for $26.8 million

A sale that closed within the last week represents another high-water mark for multifamily investment in Sacramento’s central city.

Bay Area-based Woodmont Cos. acquired Q19, an apartment and retail project in midtown, for $26.8 million, according to brokers on the deal.

One of those brokers, Ken Turton of Turton Commercial Real Estate, said Q19 set a per-square-foot record of $580, for a project of 68 apartments and 1,985 square feet of retail space.

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