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.

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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.

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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.

Natomas Buzz: Rental Project in Natomas being Redesigned as for Sale Development

A single-family rental community proposed for Natomas is being redesigned as a for-sale residential project.

Sacramento city council member Jeff Harris announced the decision by SKK Developments to change the project at 920 San Juan Road during a Gardenland Northgate Neighborhood Association meeting last week.

SKK representatives confirmed this shift was the direct result of a previous meeting Harris facilitated between the developer and community members held in early June.

Read the full article here.

Sac Biz Journal: 2021 Best Real Estate Projects: H16 Apartments

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

“Anytime you’re doing urban infill, you have to be extra concerned about the public’s safety,” said Kevin Sauser, architect for the H16 Apartments project, responding to a question about the specific challenges posed by building in an area with high vehicular and pedestrian traffic.

“Actually, as it turned out, the majority of our gawkers were other builders and the area’s business owners, all of whom have a stake in the success of projects in Sacramento’s midtown,” he said.

The five-story, 95-unit apartment complex, which originally was envisioned to be only four stories, is at 1601 H St. The new development — which cost about $24 million to build and was completed a year-and-a-half ago — is located on a site that previously served as an overflow parking lot for the Clarion Hotel, which was torn down last year to make way for a mixed-use project.

Read the full article here.

The Sac Bee: Rooftop decks and home offices: More modern housing planned for downtown Sacramento

The historic neighborhood on the northern edge of downtown Sacramento is about to get more high-end housing.

SKK Developments, a firm that has been busy constructing new apartments and town homes around the central city, is proposing to build 16 three-story townhouses on the southeast corner of 13th and C streets in the Mansion Flats neighborhood of downtown.

The homes, part of what’s being called the 13C Townhomes project, would be offered at market rate and would be between 1,800 and 1,907 square feet, according to documents filed with the city of Sacramento.

Read the full article here.

 

Sac Bee: New 2,300-seat live music and event venue planned for midtown Sacramento

Sacramento has long been in search of another mid-sized concert venue that would draw acts not quite big enough to fill Golden 1 Center but popular enough to attract a couple thousand concertgoers. There’s suddenly a lot of interest in building one. SKK Developments, the firm behind several of the central city’s latest high-end apartment buildings, has proposed building a live music, comedy and event theater with a seating capacity of 2,300 in midtown Sacramento. The new theater would replace a vacant industrial building at the southwest corner of 24th and R streets.

Read the full article here.

Sac Biz Journal: SKK Developments proposes 2,300-seat theater in Midtown Sacramento

SKK Developments’ newest proposal is still urban infill, but with nary a trace of the residential footprint in all the company’s recent projects.

Instead, SKK founder and President Sotiris Kolokotronis is focusing on a destination entertainment venue, with a 2,300-seat theater proposed at 1800 24th St. in Midtown Sacramento.

“The new 42,700-square-foot building will replace an existing vacant industrial/commercial building and will house a stage, box office, lobby, concessions, mezzanine and artist amenities and dressing rooms,” the project application states. The theater would host live music, comedy, podcasts, lectures and corporate events two to three nights per week.

Read the full article here.

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