5 things: New Natomas restaurant, Ken Turton’s latest purchase, update on former Sac Bee site

Ken Turton of Turton Commercial Real Estate in Midtown Sacramento bought a retail/apartment property at 22nd and K Streets, just blocks from his company’s office, after other offers didn’t match what he thought it was worth.

Senior Reporter Ben van der Meer has details about Ken Turton’s Midtown property purchase.

Source: Sacramento Business Journal

Lincoln building that housed Oliver’s Brewhouse listed for sale

Oliver’s Brewhouse & Grill in downtown Lincoln has shut its doors, and the large building where it was located is also listed for sale. Matthew and Siobhan Oliver, who operated Oliver’s Brewhouse, announced their decision to permanently close the business at 645 Fifth St.

The downtown Lincoln property is listed by Turton Commercial Real Estate for $3.2 million. The building is 12,800 square feet and has two stories, plus a mezzanine, according to the listing.

The Olivers operated multiple concepts in the Lincoln building. In addition to a brewery and restaurant on the bottom floor, there was also a whiskey bar and additional restaurant space called Antler Steakhouse. All those elements were included when Oliver’s Brewhouse & Grill was listed for sale late last year.

Source: Sacramento Business Journal

Farm-to-fork restaurant Flora & Fauna plans to open by fall in Downtown’s Park Tower

A recent participant in the Calling All Dreamers program is planning to open a restaurant in one of Sacramento’s signature skyscrapers.

Flora & Fauna, a farm-to-fork restaurant emphasizing California-style cuisine, is aiming for a September opening in Park Tower at 980 Ninth St.

The restaurant, which will occupy a space of about 2,200 square feet, will source ingredients from 50 miles away or less as much as possible, and no more than 150 miles away in other cases, Feldman said. She said that will also mean making many meals from scratch or sometimes buying items from other local small businesses. Breakfast and lunch items will go alongside the restaurant’s coffee menu, Feldman said. In addition to serving meals, the restaurant will host farmers and other artisans for special evening events, she said.

Tom Conwell of Newmark represented the landlord in Flora & Fauna’s Downtown lease. Aaron Marchand of Turton Commercial Real Estate worked on behalf of the tenant.

Source: Sacramento Business Journal

Bauen Capital plans early 2024 start for Grower’s District project in River District

An ambitious project to remake two blocks in Sacramento’s River District should start construction in early 2024, according to the developer.

One aspect of the project is already underway, with Turton Commercial Real Estate marketing commercial spaces in an existing U-shaped industrial building that occupies a full city block at 200 N. 16th St.

Grower’s District is entitled for about 500 residential units and 70,000 square feet of commercial space. Bauen Capital still plans to build the project to those levels, Kohlenbrener said. Construction will be for four residential projects within Grower’s District: seven- and five-story buildings extending from the existing building on 200 N. 16th, and two new five-story residential/commercial projects at 211 and 215 N. 16th St.

Source: Sacramento Business Journal

Retro Lodge adaptive reuse project in Downtown Sacramento going back to being a hotel

More than a decade after being converted to office and retail space, Offices at Retro Lodge in Downtown Sacramento is going retro. New owners have filed plans with the city to turn the property at 11th and H streets, originally built as a hotel in the 1950s, back into that use.

According to the application, the project will involve both exterior and interior renovations and improvements, including replacing existing mechanical units, new doors and windows and creating a new hotel lobby. Immortal Cafe, a plant-based cafe, will still occupy about 1,000 square feet at 1111 H St., serving coffee, wine and beer, either inside or on an outdoor patio.

Source: Sacramento Business Journal

Market Club project in Mill at Broadway nearly fully leased before opening

Anticipating that, retail spaces in the adaptive reuse project may very well be fully leased before the 19,000-square-foot building opens in late spring/early summer, said Scott Kingston of Turton Commercial Real Estate.

More recently, Turton brokers signed an operator of a neighborhood market that will fill about 2,700 square feet. Kingston said the market’s owner will listen to the neighborhood about what the market should sell, such as prepared food items or coffee. Turton brokers have a letter of intent for a restaurant to fill the final space in the project, about 2,800 square feet. Though the lease isn’t signed, the concept is by a partnership of people involved in other local restaurant operations, he said.

Project Elevate aims for a city-center feel in Elk Grove

But for Elk Grove to develop a feel as something more than just subdivisions and strip malls, no project may have as much potential impact as the city’s Project Elevate. Planned for 20 acres of city-owned land on the southeast corner of Big Horn and Elk Grove boulevards, Project Elevate is intended to be a modern city center of sorts, built from the ground up with components such as housing, retail, office and hospitality.

The city hired architects and design firms to sketch ideas for what would be possible, emphasizing walkability and economic sustainability. With those concepts in hand, the city then hired Turton Commercial Real Estate to market the site.

Source: Sacramento Business Journal

Turton Commercial listing site of proposed Leidesdorff Village in Historic Folsom

Turton Commercial Real Estate has the listing for sale of a 4.25-acre site at Leidesdorff and Sutter streets, with zoning for a multifamily project. “There’s a scarcity of developable land in Old Town Folsom, and it’s really turned into a work-play-live environment,” said Scott Kingston, a senior vice president with Turton Commercial who’s on the listing. Turton Commercial is listing the site for $3.25 million. Since being listed, Kingston said, he’s gotten calls from both multifamily and affordable housing developers interested in it. In addition to Kingston, Ken Turton of Turton Commercial is on the listing.

Source: Sacramento Business Journal

Bay Area-based 5 Tacos & Beers to occupy former Hot Italian space in Midtown Sacramento

Called 5 Tacos & Beers, the restaurant will open as soon as this summer at 1627 16th St., a 6,030-square-foot building most recently filled by pizza and retail concept Hot Italian. “It was a natural goal for them to come this direction,” said Aaron Marchand, a senior vice president with Turton Commercial Real Estate who brokered the lease of 5 Tacos & Beers. “We’re all excited.” Marchand said 5 Tacos & Beers will occupy the entire interior space of the building, and the owner is interested in activating the sidewalk space on 16th Street as well. Late-night churro sales out of a to-go window Hot Italian used for gelato is one possibility, he said.

Source: Sacramento Business Journal

K Street building in Downtown Sacramento sells for $4.95 million

The building at 1020 K St. is 31,897 square feet, according to online marketing materials from Turton Commercial Real Estate. It is home to nightclub District 30 and Dive Bar, which features a saltwater aquarium and underwater performers. Pizza Rock, a pizza restaurant that also has a site in Las Vegas, also operated out of the location before closing during the pandemic.

Broker Scott Kingston of Turton Commercial announced the building has been sold for $4.95 million in a social media post on Thursday evening.

Source: Sacramento Business Journal