Author: Shelly Guerin
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.
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: 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.
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 Press: Community Invited to Participate in Outreach Meeting About 59th Street Reuse Project
SKK Developments and BlackPine Communities, in collaboration with SMUD, are hosting their first Virtual Community Outreach Meeting (via Zoom) on Wednesday, March 24th from 4:30 to 6 p.m. The SMUD Board of Directors recently selected the SKK Developments and BlackPine Communities team as the developer for its 59th Street Reuse project in East Sacramento. SMUD’s selection is the culmination of more than five years of planning, research, and strategic discussions regarding a vision for the 20-acre site, currently an industrial yard and parking lot.
Read full article here.
Fox 40: Proposal could bring new grocery store to Oak Park food desert
SACRAMENTO, Calif. (KTXL) — City leaders are considering a new proposal that could bring the former Food Source supermarket off Broadway and Stockton Boulevard back to life.
When the doors of Food Source on 4401 Broadway closed in March of last year, a major problem started brewing for the people of Oak Park.
“It created a food desert in one of our greatest, neediest areas, making it harder for shoppers with little to no means of transportation during a pandemic get to surrounding grocery stores and buy fresh groceries,” said District 6 Councilman Eric Guerra.
Read the full article here.
The Natomas Buzz: New Rental Community Proposed in Natomas
A new single-family rental community in Natomas is being proposed by Sacramento developer Sotiris Kolokotronis.
“We believe, based on the proximity to schools, freeways, downtown and employment centers, this is a very very good site,” Kolokotronis told The Natomas Buzz.
A recent planning permit application filed by Kolokotronis with the city of Sacramento requests a rezone, General Plan amendment, site plan and design review for 82 rental homes at 920 San Juan Road.
SKK Developments is in escrow to buy the undeveloped 9.17-acre parcel from the Catholic Diocese of Sacramento, which put the property on the market about a year ago, said Kolokotronis, founder and president.
Read the full article here.
Sac Biz Journal: Single-family rental project proposed in Natomas
SKK Developments is the latest to join an emerging trend of rental neighborhoods of less-dense housing, proposing 82 homes in Sacramento’s South Natomas area.
According to an application filed with the city, the 9.17-acre site at 920 San Juan Road would have both attached and detached homes, ranging from 1,050 square feet to more than 1,400 square feet.
“The two-story homes will consist of three unique plans including two façades per design while maintaining a common theme throughout the community,” the application states.
Sotiris Kolokotronis, founder and president of SKK, didn’t immediately return a call seeking further information about the proposal, called 920 San Juan in the application. While known for infill housing in mostly urban settings, SKK also helped develop residential, suburban neighborhoods such as Laguna West in Elk Grove and Natoma Station in Folsom.
Read the full article here.
Sac Biz Journal: First Phase of Arden Gateway Apartments Sold for $112.89 Million
The first phase of the largest Sacramento-area apartment complex to be built in several years has sold to a new owner.
Beverly Hills-based real estate investment company Kennedy Wilson acquired The Eisley, the 405 units that make up the first phase of the 737-unit Arden Gateway project in Sacramento northwest of Arden Fair mall, according to an announcement from commercial real estate brokerage CBRE, which arranged a bridge loan on behalf of Kennedy Wilson.
Read the full article here.