Downtown Bar Old Ironsides For Sale
Old Ironsides is for sale. The people who run the bar — at 10th and S streets in downtown Sacramento — say it's time to retire. The Sacramento Business Journal's Sonya Sorich says the same family has owned and operated the business since 1934.
"The owners say the business is doing well, largely due to all the development nearby along the R Street Corridor,” says Sorich. “They're just burned out. The family will continue to own the building itself, which was built in the 1870s."
In addition to the bar space, the building includes four upstairs apartments. The owners haven't set a time frame for when they'd like to complete the sale.
Midtown’s Q19 Project Sells For $26.8 Million
An apartment and retail project in midtown Sacramento called Q19, located at 19th and Q streets, has sold for $26.8 million, less than a year after it was completed. The buyer is from the Bay Area and brokers on the deal say Q19 set a per-square-foot record of $580. Sorich says it's more evidence of investor-interest in the city's urban core.
"...and shows that the market's there for developers,” says Sorich. “But the sale doesn't have many implications for affordable housing, since the units in Q19 are fairly small and still fairly expensive.”
The project includes nearly 70 apartments, as well as retail space. It's near a dog park, grocery store and midtown's Ice Blocks project. Q19 was developed by SKK Developments and The Grupe Company.
Burger Patch Opens Saturday
A restaurant serving plant-based burgers is scheduled to open tomorrow in midtown Sacramento. Sorich says it's called Burger Patch and it's been in the works since 2017.
"It serves entrees that resemble traditional beef burgers and chicken sandwiches, but are made with meat alternatives,” says Sorich. “The business was founded by a Sacramento Kings executive and his wife, and has had a presence in Golden 1 Center."
The new eatery is located in an apartment and retail project at 23rd and K streets. In addition to its focus on a plant-based lifestyle, Burger Patch emphasizes sustainability with products such as recycled fiber napkins.