A prominent local developer has filed planning documents to the city for a seven-story mixed-use apartment building in Sacramento’s midtown neighborhood.
The nearly 30,000-square-foot project is slated for 18th Street between K and L streets, and would include 25 apartment units on five floors above office space and a 3,500-square-foot restaurant. It’d also include an “elevated outdoor patio” for residents, the application says.
Read the full Sac Bee article.
Just after the Wide Open Walls festival wrapped up for the year, a huge new mural project will blossom in midtown this month. The mural, titled “A Journey into Curiosity,” will be Sacramento’s largest at twice the size of the 15-story Johnny Cash mural in midtown.
The mural will be the group project of more than a dozen muralists who specialize in large-scale productions and will be located on the new Eleanor Apartments building on 16th and E streets. “A Journey into Curiosity” will span five stories on four sides of the building.
See video and full article here.
SACRAMENTO—The Press at Midtown Quarter is a 277-unit class-A multifamily property located in Midtown. Its recent sale at $118 million marks the largest single-asset market-rate apartment trade in Sacramento history in terms of deal size.
CBRE’s Marc Ross brokered the sale between the seller, DeBartolo Development from Tampa, FL, and its local partner SKK Developments, and the San Rafael buyer, Oakmont Properties. Andrew Behrens with CBRE’s debt and structured finance group arranged the financing.
Read the full GlobeSt article.
The Grupe Company and SKK Developments have partnered with Groundswell Art to present a unique art and retail space at the new H16 Apartments at H & 16th Streets across from the historic Governor’s Mansion. Located on the ground floor of H16 in Midtown Sacramento, the pop-up art gallery is open through 2020 and co-owned by John Johnson and Artist Micah Crandell-Bear.
“H16 is a pure example of how our urban core communities can partner to support our vibrant art community,” said Johnson. “This is a great opportunity to showcase some of our region’s most recognized artists, as well as incredible up-and-coming talent.”
Groundswell also worked with the partners to curate and place more than 50 pieces by local artists for the corridors and common areas of H16.
Read the full Sacramento Press article.
The Press at Midtown Quarter is the latest in a long line of impactful projects by Sotiris Kolokotronis of SKK Developments. The expansive mixed-use building, which is near several other SKK developments, including the 68-unit Q19 and PQR townhomes, helps further cement Midtown as one of Sacramento’s most dynamic areas to live. It also garners the Sacramento Business Journal’s 2020 Project of the Year award.
Read the full Sacramento Business Journal article.