Fox 40: Proposal could bring new grocery store to Oak Park food desert

SACRAMENTO, Calif. (KTXL) — City leaders are considering a new proposal that could bring the former Food Source supermarket off Broadway and Stockton Boulevard back to life.

When the doors of Food Source on 4401 Broadway closed in March of last year, a major problem started brewing for the people of Oak Park.

“It created a food desert in one of our greatest, neediest areas, making it harder for shoppers with little to no means of transportation during a pandemic get to surrounding grocery stores and buy fresh groceries,” said District 6 Councilman Eric Guerra.

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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.

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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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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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Connect CA: Kennedy Wilson Acquires The Eisley Near Downtown Sacramento

The Eisley, a 405-unit multifamily community that is currently under construction on 14 acres at 1567 Bartlett Way in Sacramento, was recently purchased by Kennedy Wilson. The 366,638-square-foot property is expected to be completed by spring 2022.

Tampa-based DeBartolo Development and its local development partner, SKK Development, confidentially exposed the opportunity to a select group of qualified buyers. Luis Elorza and Bryan Schellinger, managing directors with NorthMarq in Tampa and Los Angeles, identified the buyer based upon its ability to fund single-asset Opportunity Zone transactions.

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Sac Bee: Sacramento native to expand Italian restaurant from New York to midtown

Midtown’s food scene will soon make room for another pizza destination — and this one comes all the way from the Manhattan borough of New York City.

Set to open spring 2023 at 1801 L St., Pazza Notte Restaurant’s second location will feature a 2,891-square-foot space with three outdoor patio sections, a brick oven, happy hour, and a DJ, according to a news release. Owner Tove Nord, a Sacramento native, said she always dreamed of opening an eatery in her hometown.

“This neighborhood really spoke to us, it has all the elements we were looking for, great local culture, super charming streets, diverse residents, and great restaurants and bars…we are in good company,” Nord said in the news release.

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Sac Biz Journal: Pazza Notte restaurant planned for former Buckhorn space in Midtown

A Sacramento-area native who operates an Italian-American restaurant in New York City is bringing her concept back home with plans to occupy a vacant restaurant space in Midtown.

Pazza Notte has a location in Manhattan that opened in 2000. The restaurant’s recipes are inspired by Italian and American comfort food.

Owner Tove Nord, who grew up in Curtis Park, said some of the restaurant’s most popular items include its penne carbonara, brick oven thin crust pizzas, and Tapas Italiana, which are smaller, shareable dishes such as grilled shrimp skewers and four-cheese bruschetta. Another big draw for the restaurant is its two-for-one happy hour martini program, which runs every day.

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Sac Biz Journal: SKK plans 273-unit apartment project in Antelope’s Barrett Ranch East development

A pre-application with Sacramento County shows Sacramento’s SKK Developments contemplating a more suburban project after several recent ones in the urban core.

Antelope Apartments, also called Apartments at Barrett Ranch in the application, would be a 273-unit project on 10.3 acres in Antelope’s Barrett Ranch East development.

SKK Executive Vice President Al Esquivel, listed as the project applicant, did not return a message seeking comment Thursday.

According to the application, the project would be on the northwest corner of Antelope Road and Don Julio Boulevard.

“The proposed project is allowed by right under current zoning, subject to approval by the Planning Director,” the pre-application states as a justification for the project. “Furthermore, additional multifamily housing affordable to all income levels is needed in the unincorporated area of Sacramento County, particularly in the Antelope area.”

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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.

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Sac Biz Journal: Two SKK Developments projects starting in first quarter

Demolition will start this week on a long-closed Sacramento hotel building, with new residential units and retail space planned in its place. Developer Sotiris Kolokotronis of SKK Developments said by early 2022, a 190-unit project will occupy the former Clarion Hotel property at 700 16th St.

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