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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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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