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


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


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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.

Read The Sacramento Bee full article


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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.

Read the full Sac Biz Journal article.


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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.

Read the full Sacramento Business Journal article


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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.


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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


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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.


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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


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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.


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