Sacramento Proposal/Approval/Construction Thread - III

[j_deguzman10]

Originally Posted by Sachornet

Would it be safe to say that Sotiris Kolokotronis (SKK Developments) and Bay Miry are currently the most prominent developers in the central city?

Following behind would be maybe Friedman/Heller, CFY, with Nikky Mohanna as a rising star?

I'm sure i'm missing some other big names.... who else is out there?

Does anyone think David Taylor will make a comeback and get back into it?

Without a doubt Kolokotronis and Miry are the leading developers. They are building a plethora of multihousing developments. Also, CFY, Mohanna, and Friedman are helping out, especially Mohanna who I think will emerge out of the three to be a prominent developer with SKK and Miry because she is the one who is taking the risk and building her at the cost of parking and smaller units.

With Friedman, it's a mix. Yes, Friedman has that humungous urban project in West Sac with TBD, but they are building it out so slowly (at this rate it'll take a few decades to build out imo) and he doesn't have a huge presence other than TBD. CFY is still there but they haven't proposed anything in a while (likely due to Ali's death) so it might be a while until they will be back on the radar while they regroup.

David Taylor. Lol no offense to him but he's been out of the Sacramento scene for a long time and I don't see him returning, especially since he sold US Bank and didn't build Aura (site was sold to Shorenstein). So no I think he is done for good but who knows.

You forgot Saca but he shouldn't be mentioned until he gets his new Metropolitan proposal built out, and even still he needed Kolokotronis's help.

[j_deguzman10]

Originally Posted by Majin

It's been a month, and still no activity.

I'll try to look for deets, I'll let you know when I get some.

[Sachornet]

Originally Posted by j_deguzman10

Without a doubt Kolokotronis and Miry are the leading developers. They are building a plethora of multihousing developments. Also, CFY, Mohanna, and Friedman are helping out, especially Mohanna who I think will emerge out of the three to be a prominent developer with SKK and Miry because she is the one who is taking the risk and building her at the cost of parking and smaller units.

With Friedman, it's a mix. Yes, Friedman has that humungous urban project in West Sac with TBD, but they are building it out so slowly (at this rate it'll take a few decades to build out imo) and he doesn't have a huge presence other than TBD. CFY is still there but they haven't proposed anything in a while (likely due to Ali's death) so it might be a while until they will be back on the radar while they regroup.

David Taylor. Lol no offense to him but he's been out of the Sacramento scene for a long time and I don't see him returning, especially since he sold US Bank and didn't build Aura (site was sold to Shorenstein). So no I think he is done for good but who knows.

You forgot Saca but he shouldn't be mentioned until he gets his new Metropolitan proposal built out, and even still he needed Kolokotronis's help.

Are there any other local developers you're excited about in terms of their projects adding to the central city?

On a much smaller scale, I really like the infill projects (currently in Mansion Flats and Broadway) from Indie Capital. I hope they continue to be active and churn out projects.

HK3 Development (Kevin Khasigian) is relatively new to the scene as they're currently building the townhomes on the corner of 15th and T. They also have a proposal for a 4 story mixed used building on 10th and U (currently a vacant lot) with 21 units.

[Korey]

Originally Posted by Sachornet

On a much smaller scale, I really like the infill projects (currently in Mansion Flats and Broadway) from Indie Capital. I hope they continue to be active and churn out projects.

I was also going to shout out Indie Capital. Their Mansion Flats, Broadway near Sellands, and Oak Park projects all give me Mies van der Rohe vibes, very cool and modern. Their next project is larger scale, also near Sellands on Broadway, and gives me hope that they'll eventually scale up into even larger multistory projects.

[Sachornet]

Originally Posted by Korey

I was also going to shout out Indie Capital. Their Mansion Flats, Broadway near Sellands, and Oak Park projects all give me Mies van der Rohe vibes, very cool and modern. Their next project is larger scale, also near Sellands on Broadway, and gives me hope that they'll eventually scale up into even larger multistory projects.

Although I'm not personally a big fan of Indie Capital's ultra modern style, I'm looking forward to seeing them get started on their 17 unit (duplex homes) project at 9th and Broadway.

[snfenoc]

Another smaller developer that I think about is Urban Elements. It has a couple of nice little projects in the works. One of them is on J Street, between 24th and 25th Streets. Sacramento has a multitude of smaller development opportunities. I love to see developers tackle those opportunities. Taken together, those small plots can really add up to a lot of development.

As an aside: Julie Young is the head of Urban Elements. She was part of the team that built a cool little condo project on 18th and Crapitol (where Pushkins is).

[LandofFrost]

Originally Posted by snfenoc

Another smaller developer that I think about is Urban Elements. It has a couple of nice little projects in the works. One of them is on J Street, between 24th and 25th Streets. Sacramento has a multitude of smaller development opportunities. I love to see developers tackle those opportunities. Taken together, those small plots can really add up to a lot of development.

As an aside: Julie Young is the head of Urban Elements. She was part of the team that built a cool little condo project on 18th and Crapitol (where Pushkins is).

I agree, the Pushkins building is great and I talked too Julie and walked through her properties (I had to appraise the value) and I love the quality and attention to detail, she is building at a much higher level then other developers in Sacramento, much nicer then even then the L Street lofts behind it.

[sactivity]

I know this isn't skyscraperish, but does anyone have any information as to why the Railroad Technology Museum is once again delayed? I found information awhile back that it was likely a go and that the project would start by such and such date, but that date came and went and I cannot find any other information on it. Thanks in advance.

[ozone]

Originally Posted by sactivity

I know this isn't skyscraperish, but does anyone have any information as to why the Railroad Technology Museum is once again delayed? I found information awhile back that it was likely a go and that the project would start by such and such date, but that date came and went and I cannot find any other information on it. Thanks in advance.

My guess would be it is because there is just not a lot of enthusiasm for it anymore.

[ojax]

Originally Posted by ozone

My guess would be it is because there is just not a lot of enthusiasm for it anymore.

I think it has more to do with the fact that nothing is currently able to go up in the railyards. I remember reading something about parcel ownerships being tangled up...I also remember reading that this is one of the reasons the kaiser hospital has been delayed.

[j_deguzman10]

Originally Posted by ojax

I think it has more to do with the fact that nothing is currently able to go up in the railyards. I remember reading something about parcel ownerships being tangled up...I also remember reading that this is one of the reasons the kaiser hospital has been delayed.

Does this mean that the first mixed used project will likely get delayed also? I remember the SBJ saying that groundbreaking would be at the earliest August 2018 but no later than Spring 2019.

[j_deguzman10]

Originally Posted by Sachornet

Are there any other local developers you're excited about in terms of their projects adding to the central city?

On a much smaller scale, I really like the infill projects (currently in Mansion Flats and Broadway) from Indie Capital. I hope they continue to be active and churn out projects.

HK3 Development (Kevin Khasigian) is relatively new to the scene as they're currently building the townhomes on the corner of 15th and T. They also have a proposal for a 4 story mixed used building on 10th and U (currently a vacant lot) with 21 units.

Hmm... well that's all I can think of but yes the smaller developers do help though I do wonder if they will also move to larger multifamily homes once the smaller lots scattered around Sacramento are gone and filled with their smaller projects.

[sactivity]

Trying to figure out how to delete a post on my cell phone and it's not working. Sorry, everyone.

[sactivity]

Originally Posted by Schmoe

Wait...was your wine Vinedresser's Cellar (or something like that)?

Yes, Vinedresser Cellars. Haven't made anything in years though.

[202_Cyclist]

Calpers’ Bet on Sacramento’s Planned Tallest Tower Splits Board


By Heather Gillers and Dawn Lim
Sept. 4, 2018
Wall Street Journal

"Sacramento officials are cheering a decision by the California Public Employees’ Retirement System to build what would be the tallest tower in its hometown. But some inside Calpers’ boardroom are concerned the 550-foot project represents too much risk..."

https://www.wsj.com/articles/calpers-bet...ed-tallest-tower-splits-board-1536053401

[LandofFrost]

Originally Posted by 202_Cyclist

Calpers’ Bet on Sacramento’s Planned Tallest Tower Splits Board


By Heather Gillers and Dawn Lim
Sept. 4, 2018
Wall Street Journal

"Sacramento officials are cheering a decision by the California Public Employees’ Retirement System to build what would be the tallest tower in its hometown. But some inside Calpers’ boardroom are concerned the 550-foot project represents too much risk..."

https://www.wsj.com/articles/calpers-bet...ed-tallest-tower-splits-board-1536053401

Can the city use eminent domain against CalPers if they vote to not do anything.. again. Would love to hose them on the market value of a hole in the ground.

[Pistola916]

Originally Posted by 202_Cyclist

Calpers’ Bet on Sacramento’s Planned Tallest Tower Splits Board


By Heather Gillers and Dawn Lim
Sept. 4, 2018
Wall Street Journal

"Sacramento officials are cheering a decision by the California Public Employees’ Retirement System to build what would be the tallest tower in its hometown. But some inside Calpers’ boardroom are concerned the 550-foot project represents too much risk..."

https://www.wsj.com/articles/calpers-bet...ed-tallest-tower-splits-board-1536053401

Even if the project got scaled back to 440 feet it would still be the tallest in the city. I would be OK with that. Is one of the reasons to push the height to 550 feet was they felt they had to go taller to make a profit? I questioned they'd be able to fill 700,000 square feet of office to begin with. Whether its 2, 4, 6 years from now there is going to be a financial risk. They need to sell for the betterment of the city and theirs if they can't make the numbers right.

[ltsmotorsport]

Height shouldn't matter; the office square footage would be the main concern. Hopefully there has been some work behind the scenes in snagging a lease, or maybe a longer-term outlook to trust that the market can absorb the new Class A space.

[Sachornet]

Originally Posted by Majin

It's been a month, and still no activity.

According to Ben van der Meer, a construction fence has gone up around the Marshall hotel. https://twitter.com/benvsacbiz

At least it's something.

[j_deguzman10]

Originally Posted by Sachornet

According to Ben van der Meer, a construction fence has gone up around the Marshall hotel. https://twitter.com/benvsacbiz

At least it's something.

It's about time that project got underway, it should be done by now if they had started in 2016 like it was supposed to but agreed at least that building will be renovated. All we need to wait for now is the Greyhound building across the street, the developers still haven't released the renderings of their 8 story project...