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 Sacramento Metropolitan Chamber of Commerce held its 127th Annual Dinner & Business Awards on Feb. 11 at the Hyatt Regency Sacramento.
Several local business leaders were honored at the black-tie event, which included safety measures to slow the spread of Covid-19. Guests had to show both proof of vaccination and a negative Covid-19 test.
See names and faces from the event in the slideshow here.
New Sacramento Apartments Restore Blighted Area Near Governor’s Mansion
Multifamily Development of the Year in Sacramento
Near The Mansion apartments in midtown Sacramento sits the stately California Governor’s House. Today, The Mansion apartments are a nice complement, thanks to an eye-catching redevelopment. It wasn’t always that way.
The redevelopment of the site, completed in June 2022, transformed a formerly abandoned and blighted half-block into a prominent residential rental complex, earning the project a CoStar Impact Award for multifamily development of the year for 2023 in Sacramento.
The site was originally developed in 1958 as a hotel named the Mansion Inn due to its proximity to the governor’s mansion. In its early days, the Mansion Inn had 51 units, a garden courtyard with a swimming pool, a restaurant, and a cocktail lounge.
The hotel remained a fixture in Sacramento’s downtown through the 1980s, when it was acquired by the Clarion Hotel chain and rebranded. Over the next two decades, extensive renovations were made to match corporate standards, although the upgrades stripped the property of much of its mid-century appeal. The Mansion Inn Clarion Hotel closed in 2012, and the property sat derelict and deserted.
Current ownership became involved in the redevelopment of the site in 2016. Six years later it delivered its first units, inspired by The Mansion Inn’s original developer, Ray Corum.
Today, the multifamily property features stately 10- to 14-foot ceilings, a pair of outside courtyards, a roof deck, an expansive lobby, communal kitchen space, and a conference room equipped with audio-visual equipment suited for remote workers. The apartment complex also includes a pet spa, bike rooms, and a fully equipped, 24-hour fitness center.
Read the full article here.
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
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.