Boutique retro hotel and modern apartments move ahead near Memorial Auditorium – Sacramento Bee (weblog)
A deliberate makeover of the outdated Clarion Hotel at 16th and H streets right into a 1950s-type boutique hotel is transferring ahead after the Sacramento Metropolis Council voted Tuesday evening to permit hotel friends to park in a close-by metropolis storage.
That parking association was additionally prolonged to residents of a 75-unit condo constructing being constructed throughout 16th Avenue by the identical growth crew led by Sotiris Kolokotronis and the Grupe Firm. Hotel friends can park within the Memorial Storage at 15th and H streets, with town billing the hotel for every house used. As much as 60 condo residents may have spots within the storage and pays 120 % of the “prevailing market price,” in accordance with a metropolis employees report.
Kolokotronis and metropolis officers stated the lenders financing the hotel and condo tasks require lengthy-time period parking preparations, a standard stipulation in such developments.
Kolokotronis’ hotel venture would revive what began because the Mansion Inn within the 1950s and was later rebranded as a Clarion. He's planning to show it right into a 110-room boutique hotel with retro artwork, much like downtown’s Citizen Hotel. The design remains to be being finalized and development might start by the top of this yr, he stated.
Throughout 16th Avenue, Kolokotronis stated he's a number of weeks away from receiving metropolis approval on the 1600H Lofts constructing. That condo advanced would change a parking zone.
The condo constructing would have a courtyard and health heart, and many apartments may have balconies or patios. 5 “dwell-work” areas will sit on the bottom flooring, and the remainder of the apartments can be a mixture of studios and one-bed room and two-bed room models.
Kolokotronis has rapidly re-emerged as a serious power within the midtown growth scene.
Earlier than working into monetary problem in the course of the housing downturn, Kolokotronis constructed a number of the most distinguished new tasks in midtown, together with the Fremont Constructing at 16th and P streets, the 1801 L condo constructing and the L Avenue Lofts throughout the road at 1818 L St., a venture he ultimately misplaced to foreclosures. His enterprise has since come roaring again. Between the brand new 16th Avenue tasks and different developments near 20th and Q streets, Kolokotronis and his companions are within the strategy of constructing greater than 400 residences.
The developer stated demand is excessive within the central metropolis.
“(Apartments) are being constructed by the handfuls, however we should be constructing by the a whole lot,” he stated.