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.

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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.

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Good Day Sacramento: Groundswell’s New Art & Retail Space at H16

Inside Sac: A View for Rooms – Developer Rebounds with Focus on City Core

The Tsakopoulos name is prominent on some admired Downtown landmarks, with good reason. A gift from Angelo Tsakopoulos in his wife’s honor closed a financing gap at The Sofia B Street Theatre complex on Capitol Avenue. Not far away, he helped fund the Tsakopoulos Library Galleria on I Street.

But another member of the family, Angelo’s nephew Sotiris Kolokotronis, who freely admits he moved from his native Greece to Sacramento because the California capital seemed like a good place to make money, has had more to do with shaping Downtown’s renaissance than just about anyone.

For the irrepressibly upbeat and optimistic Kolokotronis—he took a hard fall in the last recession when the market wasn’t as enthusiastic as he was—his recent success is as sweet as a slice of baklava.

“You never know how things come together,” the 60-year-old developer said during a recent interview at a Midtown restaurant.

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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.

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The Sac Bee: Calling high school artists: Fill this historic hotel with art before its demolition

At the start of the month, the long-abandoned Mansion Inn in downtown Sacramento was filled with almost twenty artists between the ages of 14 and 18. Throughout the day, the high schoolers injected new life into the 1950s era hotel – empty white walls became blank canvases that were slowly filled with colorful words and images.

“CRE8,” read one wall. “Dance is a language,” said another. In front of a bold graffiti “STRIVE,” a two dancers twisted and turned their bodies across the plywood floor.

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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.

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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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Sac Biz Journal: After Hours: NAIOP Person of the Year dinner

The Sacramento Valley chapter of NAIOP, the Commercial Real Estate Development Association honored local developer Sotiris Kolokotronis of SKK Developments at its Person of the Year dinner on Sept. 5.

The event was held at Annunciation Greek Orthodox Church in East Sacramento. Check out the accompanying slideshow for names and faces from the dinner.

NAIOP has more than 15,000 members in North America and offers opportunities for networking, professional development and more.

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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.

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