Float Spa Joining 1430 Q Project in Sacramento

A business offering “floatation therapy” is the first non-food tenant announced for a project of apartments and retail at 1430 Q St. in Sacramento.  Saha Float Spa will join the mixed-use building, according to Bay Miry, co-managing member of 1430 Q St. Investors LLC, the group developing the project at the southwest corner of 15th and Q streets. Construction on the project is underway.

Downtown Apartments Sold for $4.35 Million, Upgrades Coming

With potential for upside, a downtown Sacramento apartment property sold last week for $4.35 million, or about $181,000 a unit. The Huntington, at 1409 T St., has 24 units and is likely to see upgrades, said one of the brokers on the deal, Ken Turton of Turton Commercial Real Estate. “They already have a team working on it,” he said of the buyer, the Bay Area-based Katherine Eschoennagel Living Trust.

K Street Building Nears End of Dramatic Renovation

By fall, another corner of K Street in downtown Sacramento should see a new burst of activity. Robert Rodriguez, managing director and founder for 731 K St. owner Cassadyne LLC, said after looking at several possibilities in Sacramento’s central grid, 731 K had location advantages. “Obviously, there’s proximity to the arena, but we’re also interested in the revitalization of downtown,” Rodriguez said.

Project Near R Street Corridor Adds Fitness Tenant

CycleBar, the Irvine-based indoor cycling franchise that made its local debut two years ago, is joining a project of apartments and retail at 1430 Q St. in Sacramento.

The 1,861-square-foot cycling studio could open in the fourth quarter of this year, according to brokers on the deal. Aaron Marchand and Scott Kingston of Turton Commercial Real Estate represented the landlord and tenant in CycleBar’s lease.

Cypress Properties Buys Again in Old Sac, for $3.8 Million

After Cypress Properties Group LLC had success with its first Old Sacramento building purchase, it’s picked up another to see about extending the run. A two-story, 19,308-square-foot building at 1200 Second St. sold Feb. 15 to Bay Area-based Cypress Properties for $3.8 million, according to brokers on the deal. Ken Turton of Turton Commercial Real Estate said the property, sold off market, fit with Cypress’ pattern for renovating buildings in overlooked areas.

Two Midtown Sacramento Properties on Market – For Lease

Two midtown Sacramento properties with the same owner are on the market — but for lease, not sale. That’s a change for one of those properties, 1616/1630 I St., a two-building property with 6,400 to 26,000 square feet of space available for lease as an office or retail use. Scott Kingston, a vice president with Turton Commercial Real Estate who’s listing that and nearby 817 16th St., said Aaron Zeff and his company Priority Parking own all three.

Electronic Arts, Coworking Firm Leasing Space at Ice Blocks

Tenant improvements are getting underway for two firms that took office occupancy at midtown Sacramento’s Ice Blocks to 100 percent. Late last year, video game firm Electronic Arts signed a lease for 30,000 square feet, and coworking firm Spaces leased another 35,000 square feet at the Heller Pacific development of new and adaptive reuse retail, office and residential space. Aaron Marchand, a vice president with Turton Commercial Real Estate and a broker on those leases, said both companies should move in around mid-year.

Midtown Project Q19 Listed For Sale

Months after it began filling with tenants, midtown Sacramento apartment and retail project Q19 is for sale.

Project partners SKK Developments and The Grupe Co. felt the combination of better-than-expected leasing, good investor interest in Sacramento and low interest rates made it a good time to list the property, said brokers from Turton Commercial Real Estate listing the property.

“It’s an opportune time from a debt standpoint to acquire properties,” said John Mudgett, a senior director at Turton Commercial. “I see this as a safe harbor asset with continued demand from a leasing standpoint.”

Pub with Mini-Golf Opening Near Golden 1 Center

A pub featuring miniature golf will fill a large retail vacancy near Golden 1 Center. Flatstick Pub has signed a lease to occupy part of the ground floor and the entire basement of 630 K St., with a planned opening in late spring of next year. The lease, of about 15,000 square feet, takes up all of what was formerly craft brewery Ruhstaller’s tasting room in the basement of 630 K St. Rushtaller has since opened a tasting room in the nearby mixed-use project on the 700 block of K Street.

City-Owned Building Downtown to get New Coffeehouse

A local coffee vendor will have its first brick-and-mortar location in a downtown building owned by the city of Sacramento.

GoodSide Coffee will open in 2019 in 1,550 square feet at 1430 H St., a ground-floor retail space in what’s largely a city parking garage.