Mayor’s team chooses K Street developers
An ad hoc committee led by Sacramento Mayor Kevin Johnson is backing the developers of the Citizen Hotel to redevelop the 700 and 800 blocks of K Street Mall with a huge public market as the centerpiece.
The committee, made up of four City Council members – Steve Cohn, Rob Fong, Ray Tretheway and Johnson – is recommending that the Sacramento Alliance Team led by Rubicon Partners, St. Anton Partners and Preferred Capital Advisors be given the project to revamp city-owned property on those blocks, according to a city staff report released Thursday afternoon.
The City Council is set to vote on the matter Tuesday.
Last month, a special committee set up by the city recommended two other teams to handle the redevelopment. The Downtown Sacramento Partnership endorsed those selections. Since then, intense lobbying and social media network tools have been used by teams vying for the work.
The project being recommended by the ad hoc committee would center around a 35,000-square-foot public market, tentatively called the California Boqueria, that would showcase the state’s food and wine at the corner of Eighth and K streets. The team also proposed an adjacent office building for agricultural tenants such as produce associations and statewide groups. They’re proposing 213 artist live/work units and 60,000 square feet of retail on the 700 block.
The team includes Kipp Blewett and Pete Thompson of Rubicon, Grange Executive Chef Michael Tuohy, Steve Eggert and Pete Geremia of St. Anton Partners, and Dan Corfee and Craig Zarro of Preferred Capital Advisors.
Four teams presented proposals in February. A committee set up by the city had recommended D & S Development, Inc., and CFY Development, Inc., to redevelop the 700 block and a group led by Sacramento developer David Taylor and Z Gallerie owner Joe Zeiden to take on the 800 block. The fourth team was made up of Bridge Housing, Saca Development and Bagatelos Development LLC.