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Apartment Living Coming Back to K Street Mall Downtown
Sacramento’s K Street Mall, already a nightlife hot spot, will soon welcome a new nocturnal presence: upscale residents. A group of homegrown developers will open 21 upscale apartments as early as June in the former Pyramid Ale House, a stately and historic building at 11th and K streets, where they hope to attract, among others, Capitol workers looking to live just steps away from the office.
EXCLUSIVE: Former Pyramid Building will be Revamped with Retail, Event Space and Apartments
It won’t be long before the former Pyramid brewery building in downtown Sacramento will be serving up lots more than beer. Ransohoff Building at 11th and K streets is about midway through a transformation into an event center, new retail space and 21 upscale apartments.
Ken Turton: An Early Believer in the Urban Core
After landing in Sacramento following college in the late 1980s, Ken Turton saw the future. Experts were predicting that people living in digital worlds would crave community. Turton saw that in the coffee houses already proliferating midtown Sacramento.
Berkley’s Fieldwork Brewing to Open Taproom in Midtown
Fieldwork Brewing, which exploded on the craft beer scene in the Bay Area a year ago and rose to lofty heights among aficionados, has signed a deal to open a taproom in midtown Sacramento. The new branch is considered a significant step in the city’s burgeoning beer scene and a contribution to its growing reputation as a craft beer hotbed…Aaron Marchand, vice president of Turton Commercial Real Estate, brokered the deal after showing Fieldwork numerous sites and turning down scores of offers for the vacant space on Capitol Avenue.
Exclusive: New Owner Plans Radically Different Use for Midtown Office Building
A midtown office building partially occupied by the Lionakis architecture firm has sold and will be converted to include retail space over the next year. The building at 1900-1914 S St. sold for $3.5 million this week to Potter-Taylor & Co., a Sacramento commercial development firm… Jon Lang and Aaron Marchand of Turton Commercial handled the sale.
Midtown Building on the Market Offers Several Possibilities
A retail/office building along one of midtown’s most popular nightlife corridors is on the market. 2700 J St., the 14,728-square-foot, three-story building is being offered for sale or lease by Turton Commercial Real Estate. Aaron Marchand of Turton said the owners are keeping an open mind about offers they receive, to determine whether they’ll keep or sell the building.
This Mixed-Use Project would Transform Midtown Intersection
Real estate investors Nikky and Mo Mohanna plan to build a mixed-use project with over 100 apartments on a busy block of J Street. The two bought the property earlier this week.Nikky Mohanna said the early concept for the property at 1827-1831 J St. is a project with market-rate rental units. Most likely they’ll be “small and smart” studio-size units, reminiscent of similar projects she’s researched in cities like London and Tokyo.
Developer Wants to Stack Housing Atop K Street Retail
New floors of housing could be added to existing retail buildings on K Streetowned by investor/developer Moe Mohanna. Mohanna and his daughter and business partner Nikky Mohanna are working with engineering firm Miyamoto International to confirm that it’s feasible, Nikky Mohanna said. Moe Mohanna bought the properties at 920, 924 and 930 K St. last summer for $5.3 million.
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.
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.