New Apartments To Replace Old Clarion Hotel
In Midtown Sacramento, the former Clarion hotel at 16th and H streets was once expected to be refurbished into a new boutique hotel with a strong art component. But the Sacramento Business Journal's Sonya Sorich says the developer has changed his plans.
"Developer Sotiris Kolokotronis said he's going to demolish the hotel building and build an apartment project at the site,” says Sorich. “Finances were apparently a big factor in the decision."
Other factors included the decaying condition of the building and competition from other hotel projects. The new plan is to build a five-story, 190-unit complex that will also include first-floor retail space. It's expected to include a variety of apartment sizes. Work on the project is being targeted for the first quarter of 2020, and is expected to cost around $60 million.
Placerville Looking For New Tenant At Old City Hall
Placerville wants a new use for its former City Hall on Main Street. The two-building complex has been vacant for more than 10 years. Locals call them the ketchup and mustard buildings because of their distinct red and yellow colors. The city council plans to release a new request for proposals for the site by Monday, July 1 and hopes to get replies within a month. Sorich says the buildings date back to the 1860s.
"Preserving their historic nature is one of the factors that will be considered in choosing a new concept,” says Sorich. “Applicants must be non-profits. And the city says it will consider the appropriateness of the reuse and making an overall positive impact on downtown Placerville."
The two-story buildings have a total of about 4,200 square-feet. They'll require a little more than $2 million in structural upgrades and other improvements. The city also plans to put new roofs on them.
Macy’s Plans Beer, Wine Sales At DOCO Store
Macy's is planning a new way to bring in customers to its downtown Sacramento store — alcohol. The retail giant has applied to sell beer and wine at an eating place on the first-floor of its Downtown Commons store. Macy's currently operates a cafe in its downtown store. Sorich says brick-and-mortar retailers are trying to compete with online sellers by creating in-store experiences, and one way to do that is with beer and wine.
"We've seen Macy's make a variety of upgrades locally,” says Sorich. “A few years ago, it upgraded its downtown cafe, and last year, it added an off-price concept to the downtown store."
The company has also upgraded its store in the Westfield Galleria at Roseville.