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

Speciality food store Mad Dog Market, Druthers coffee shop expected to begin operating soon at Sutter Triangle

Two vacant retail spaces at an apartment and retail project in East Sacramento are expected to be filled in early 2023. One of the project’s retail spaces is filled by Poppy by Mama Kim cafe, which began operating last year. Mad Dog Market is planning to fill a space at 533 53rd St., Suite 110. Owner Jennifer Quillici said the shop will be a speciality food store carrying items like gourmet sauces, olive oils, vinaigrettes and charcuterie board items, in addition to gifts and housewares. Next door to Mad Dog Market will be a new eatery called Druthers — a coffee shop featuring Camellia Coffee Roasters coffee and espresso and a selection of house-made sweet and savory sweet potato-based waffles.

Matt Axford and Scott Kingston with Turton Commercial Real Estate were involved in the lease deal.

Source: Sacramento Business Journal

SKK Developments buys site for approved but unbuilt multifamily project Cascade from D&S Development

Phoenix Enterprises Inc., with the same Sacramento address as SKK, bought 1705 I St., the same address as the approved but unbuilt Cascade project. Cascade, which was entitled in 2020, would be an eight-story, 206-unit project with features such as 3,050 square feet of ground-floor retail space and 105 interior parking stalls. It’s not clear if Kolokotronis plans to build the project under those parameters or something different.

D&S Development bought the property in 2019 for $3.5 million, before listing it for sale for $5.54 million in early 2021, after entitlements were secured. At the time, a broker from Turton Commercial Real Estate who was representing D&S said the firm didn’t want to spread itself too thin but might still carry out the project itself if it didn’t get any offers the company liked. Turton Commercial Real Estate brokered the sale of 1705/1715 I St., which closed in early November.

Source: Sacramento Business Journal

California Federation of Teachers buys Downtown Sac office building for $2.875 million

Escrow closed Friday at $2.875 million for a single-story building at 1221-1225 H St., owned by the California Rangeland Trust and the California Cattlemen’s Association. The California Federation of Teachers was the buyer. The group appears to currently occupy a space in the Forum Building on Ninth Street in Downtown Sacramento. David Khedry, a broker from Turton Commercial Real Estate who worked on the deal, said CFT will occupy the entire building on H Street. Khedry and Jon Lang of Turton Commercial worked on the deal on the sellers’ side, while Khedry and Scott Kingston of Turton Commercial worked on behalf of the buyer.

Source: Sacramento Business Journal

Former site of Biba Restaurant in Midtown Sacramento proposed for renovation, upper-floor apartment conversion

San Diego-based JCG Development is teaming with architecture firm HGA and nonprofit Hattie’s House to renovate 2801 Capitol Ave. in Midtown into new retail/restaurant space on the ground floor and basement, and from office space into apartments on three upper floors.

Turton Commercial Real Estate would market those two floors not only for a restaurant, but for a “grab-and-go” market offering healthy options like sandwiches and juices to serve workers at nearby Sutter Medical Center.

Source: Sacramento Business Journal