Sac Biz Journal: COVID-19 not slowing infill developer’s activity

As COVID-19 control measures continue to take a toll on both real estate activity and the economy, the most prominent infill developer in the region said he’s staying busy.

Within the next month, said Sotiris Kolokotronis, work should start on both the 190-unit apartment and retail project on the closed Mansion Inn site in Midtown Sacramento, and the 737-unit Arden Gateway apartment project near the Arden Fair shopping center, also in Sacramento. Building abatement is already underway for the former Mansion Inn hotel, which should be completely demolished by May 1, he said.

Read the full Sacramento Business Journal article

Sac Biz Journal: Developer: Plan for SMUD Corp Yard to unfold in next few months

The concept for redeveloping a corporation yard on 59th Street in East Sacramento is still in an early phase, but a lot of details will come in the next few months, said one of the principals involved.

Mike Paris, founder and president of BlackPine Communities, said he and SKK Developments have just had an initial meeting with representatives of the Sacramento Municipal Utility District after SMUD’s board selected BlackPine and SKK for the project.

“We’re still trying to work with the scope of the project and figure it all out,” said Paris, whose company is known for infill housing projects like The Creamery in Downtown Sacramento. “We are going to be working with SMUD as development partners on what the critical path looks like.”

Read the full article here.

Sac Biz Journal: SMUD Picks SKK/BlackPine Team for 59th Street Reuse Project

Urban developers BlackPine Communities and SKK Developments have gotten the nod to redevelop a 20-acre site owned by the Sacramento Municipal Utility District in East Sacramento.

In a unanimous vote, the utility’s board of directors late last month selected the concept the two companies submitted during a request for proposal process last year.

“The SKK/BlackPine proposal represents the best opportunity and certainty in development, price (including an upside profit sharing component) and enhancements for the redevelopment of the 59th Street property to realize SMUD’s goals, objectives and vision for the property,” a SMUD staff report stated.

Read the full article here.

The Sac Bee: 7-story apartment building planned at site of long-running midtown Sacramento auto shop

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.

Sac Biz Journal: SKK Plans 7-story Project in Midtown

With a new project, SKK Developments is returning to a Midtown Sacramento intersection near two other projects by the firm from over a decade ago.

On the southwest corner of 18th Street and Kayak Alley, SKK has proposed a seven-story project of apartments, retail, and office space on a .14-acre parcel.

Developer Sotiris Kolokotronis of SKK said he knows the neighborhood as well as the site, which has an address of 1116 18th St.

Read the full Sac Biz 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.