Sac Biz Journal: Q19 Awarded Best Real Estate Project (Apartment) of the Year

We’re introducing you to our Best Real Estate Projects of the Year. This is the top apartment project.

“We’re in the business of placemaking.”

That’s how Sotiris Kolokotronis, owner of SKK Developments, describes the work his development company has done in midtown Sacramento in recent years, including the new mixed-use complex Q19.

Read the full Sacramento Business Journal article

Good Day Sacramento: Groundswell’s New Art & Retail Space at H16

Sac Press: Groundswell Art Pop-Up Gallery at Midtown’s H16 Apartments

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.

Sac Biz Journal: Midtown Association adds blocks on 16th Street

By one measure, Midtown Sacramento is getting a little bigger.

As of next year, the Midtown Association is adding five blocks on the north end of 16th Street, expanding its scope as far as C Street.

Association Executive Director Emily Baime Michaels said her group wasn’t aggressively trying to expand, but property owners on that stretch kept asking to be included.

“Once we got out there, we found there’s a pretty big desire and demand,” she said.

The association, a property and business improvement district, will be able to add services such as maintenance and safety, placemaking and streetscape upgrades to that stretch, with property owners paying fees toward those costs.

Read the full Sacramento Business Journal article.

GlobeSt: Press at Midtown Quarter is Largest Single-Asset Market-Rate Multifamily Trade

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 Sac Bee: Wide Open Walls announces plan for Sacramento’s largest-ever mural in midtown

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.

Sac Biz Journal: Midtown’s Press Building sold for $118 million

SKK Developments and DeBartolo Development have sold the 277-unit Press Building in Midtown Sacramento, only a few months after finishing the project.

The two development firms sold the building, which also has 8,600 square feet of first-floor retail space, for $118 million to Oakmont Properties. That would put the Press, the largest single housing project in Midtown, near the top on a per-unit basis, with a price of $428,000. CBRE Sacramento, which brokered the deal, described it as the largest multifamily sale in Sacramento history.

Read the full Sacramento Business Journal article.

2020 Best Real Estate Project – The Press at Midtown Quarter – Awards Video

Sac Biz Journal: 2020 Best Real Estate Projects: The Press at Midtown Quarter

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.

Sac Press: Local Elementary School Students to Help Inspire Designs for Sacramento’s Largest Mural

The Grupe Company and SKK Developments are proud to announce a creative partnership with Washington Elementary School that will result in the exterior façade of Eleanor Apartments – a new multifamily residential building at 16th and E Streets in Midtown Sacramento – being transformed by the largest mural in Sacramento history (five stories high and displayed on four sides of the building). Working in partnership with Wide Open Walls to secure the talented artists who will paint the eye-catching mural, the theme is A Journey into Curiosity and will visually relate a fantastical story of a mythical creature on a journey over and through land, air, and water.

“In these challenging times we need art more than ever,” said Marisa Kolokotronis, Project Manager, The Grupe Company. “We are thrilled to partner with Washington Elementary on this artistic collaboration – providing our youngest community members with the largest canvas in Sacramento history.”

Read full Sacramento Press article.