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Ice Blocks project moves ahead in midtown Sacramento
A bold plan to revitalize three gritty blocks along Sacramento’s R Street corridor is racing toward reality.Developer Michael Heller has been meeting regularly with city officials to streamline the approval process for his Ice Blocks project, a 200,000-square-foot collection of mixed-use buildings on R between 16th and 18th streets.Though the building is in serious disrepair, it has extraordinary “bones,” said Ken Turton, who is recruiting office tenants for Heller.
What Will a New Owner Do with Senator Hotel? Here are the Options
A prominent building across L Street from the state Capitol is going on the auction block next month. But it’s anyone’s guess what a new owner will do with the former Senator Hotel building…But for a buyer who wants to appeal to different kinds of office tenants, there is potential to create interesting spaces, Turton said. That could also set the Senator apart from other downtown office buildings around the capitol with a more conservative approach.
New Medical Office Building Breaking Ground in Roseville Soon
Work should begin soon a new three-story office building intended for medical users in Roseville. Tanner Industries will be the builder for the 33,000-square-foot building behind an existing retail property, north of where Sierra College Boulevard meets Douglas Boulevard. The building will get underway as soon as the first tenant is signed, said Tyler Jerde, office leasing and sales broker with Turton Commercial Real Estate in Roseville.
Temple Coffee Adding Location on Sacramento Grid
Temple Coffee will add a third Sacramento grid location, with work already begun on a newly leased spot at 22nd and K streets. Aaron Marchand of Turton Commercial Real Estate said the 2,500-square-foot building at 2200 K St. housed Strutz Jewelers for decades. But it didn’t become available for lease until recently.
Behind the Scenes: Sports Basement Deal Took Timing, Persistence to Happen
Sports Basement plans to opens its first capital-area store in a downtown building late this summer or early in the fall. That day will cap a multi-year effort to bring the retailer to downtown Sacramento. People involved in the deal, which was signed in August, said it took diligence and patience. But the most important factor, many said, was Sports Basement’s persistent desire to come here.
Casa de Espanol Language School Moving to Bigger Space on R Street
Another empty building on the R Street corridor in Sacramento is getting a new tenant that’s expected to bring more activity to a trendy area. Language school Casa de Español Center for Language and Culture will occupy 4,000 square feet in a former state office at 1101 R St. But classes won’t be the only event happening there.
Full East Sacramento Office Building Sold
A fully leased office building in east Sacramento has traded hands, showing strength for that submarket. The 12,600-square-foot brick structure at 225 30th St. closed escrow last Wednesday, said broker Jon Lang of Turton Commercial Real Estate. Lang said the building, which has two floors of office space above a covered ground-level floor of parking, was a simple swap from one investor to another.
Can Midtown Survive its Latest Gentrification Wave?
There’s a time machine in Midtown, a portal on the corner of L and 20th streets. It’s one of those Midtown insider things. But, anyway, this secret wormhole transports you a few years into the future. Seriously. Step inside, flash-forward to just 2018, and you’ll be surprised: This very street corner, where a keyboardist usually plays quirky compositions on weekend nights and collects money inside a glowing plastic skull, has been transformed. In the future, this muddy, unlandscaped plot is the flashy new entrance to a Whole Foods Market.
Midtown MARRS Building Gets New Retailers
With the upcoming arrival of two locally owned businesses, midtown Sacramento’s MARRS building will be fully leased. Sleek Wax Bar will fill approximately 1,400 square feet and Getta Clue will fill 2,200 square feet according to Aaron Marchand and Jon Lang of Turton Commercial Real Estate.
Comstock’s Moving to Campus Commons Office
Comstock’s magazine will leave its downtown office later this year for a 4,000-square-foot space in Campus Commons, going into a building that’s benefiting from some new investment, according to the broker on the deal. “We’re excited about it because it’s a new anchor tenant,” said Jon Lang of Turton Commercial Real Estate, which handled the deal for both the tenant and the landlord. “Comstock’s coming tells a lot about the building and how it’s changed.”