The Sac Bee: A new neighborhood rises from the empty blocks of midtown’s southern edge

It is one of midtown Sacramento’s quietest corners, a world away from the hopping nightclubs, restaurants and stores of J and K streets. The industries that once occupied the blocks along Q, R and S streets east of 15th Street mostly departed long ago, leaving a legacy of weedy vacant lots and train tracks.

Now this overlooked part of the central city is about to get a major influx of development. If all goes as planned, it will emerge as one of Sacramento’s most densely populated neighborhoods.

Read The Sacramento Bee full article

Sac Biz Journal: Midtown Quarters project in Sacramento getting underway

With land deals completed and vertical construction coming soon, Sotiris Kolokotronis’ multi-phase Midtown Quarters project is getting underway in Sacramento.

For now, the most visible work is site preparation for what will be 32 ownership townhomes along 20th Street in midtown, north and south of Q Street.

Read the full Sacramento Business Journal article

The Sac Bee: Large midtown apartment project moves forward with sale of Bee parking garage

One of midtown’s most prolific developers has closed on his deal to purchase The Sacramento Bee’s parking garage at the corner of 21st and Q streets in midtown so he can build a 253-unit apartment building on the site.

McClatchy, The Bee’s parent company, said in a memo Thursday that the development group, led by Sotiris Kolokotronis, expects to begin construction in April or May of 2017 and finish the project by the fall of 2018. Kolokotronis’ group purchased the garage for $5.7 million.

Read The Sacramento Bee full article

Sac Biz Journal: Developer unveils plans for 500 homes in midtown, including apartments over Bee parking structure

Developer Sotiris Kolokotronis on Wednesday detailed publicly for the first time how he plans to add hundreds of new residential units to midtown Sacramento.

Kolokotronis, of SKK Developments, described a four-phase plan to put new housing on various empty parcels around 19th, 20th and Q streets.

The first phase, which could break ground by year’s end, would be a 70-unit, four-story mixed-use project on the northeast corner of 19th and Q streets, he said.

Read the full Sacramento Business Journal article

Sac Biz Journal: With projects underway across the region, developers have their hands full

A conference for developers in Sacramento offered stark proof on Wednesday of how much things have changed in the region since the dark days of the Great Recession.

Presentations at the NAIOP 2016 event included plans for a new private university in Placer County and a downtown office tower. And developers of the Powerhouse 16 mixed-use project said its apartments are essentially all taken only a week after the project was formally dedicated.

Developer Bay Miry of D&S Development saw some lessons about what works in Sacramento.

Read the full Sacramento Business Journal article

Sac Biz Journal: A pair of big builders return with new projects

Who can resist a good comeback story? Recent news about property sales on Sacramento’s grid has, arguably, two of them.

For now, the more high-profile one is Sotiris Kolokotronis, who’s assembling empty land around 20th and Q streets for a series of mixed-use projects. The city has an application for a 75-unit project, but most observers believe the final number will be a lot higher — as many as 500 units.

Read the full Sacramento Business Journal article

Sac Biz Journal: Developer Kolokotronis has ambitious idea for midtown: Building on top of a parking structure

Developer Sotiris Kolokotronis has another big midtown project in the works — one that would be constructed on top of the Sacramento Bee’s parking structure at 20th & Q streets.

The developer and newspaper have a purchase agreement under which he would acquire the property but allow employees to continue using the two-story structure, said Bee community affairs director Pam Dinsmore. The deal was first reported Tuesday by the Bee.

Read the full Sacramento Business Journal article