Nash & Proper Wins Storefront Contest
Sacramento's Calling All Dreamers downtown business competition has announced this year's winner: Nash & Proper. It's a food-truck business known for its Nashville-inspired hot chicken. The company beat out other businesses vying for the chance to open a storefront. The Sacramento Business Journal's Sonya Sorich says there's no word yet on where exactly the restaurant will be.
" ... but apparently the operators of Nash & Proper are in lease negotiations for a location on The Kay, another name for K Street between 7th and 13th streets downtown," says Sorich.
This will be the first brick-and-mortar location for Nash & Proper. The Calling All Dreamers contest is run by the Downtown Sacramento Partnership. Past winners include Andy's Candy Apothecary and The Allspicery.
Italian Restaurant Osteria Moto Closes
Osteria Moto, an Italian restaurant, has closed in the El Dorado Hills Town Center after less than a year of business. The eatery opened last December, filling a space previously occupied by Bistro 33.
“On Facebook, operators of the restaurant, which has ties to Los Angeles eatery, encouraged customers to visit the El Dorado Hills location ‘as we celebrate our next chapter.’ They didn't immediately elaborate on those plans, so we'll have to wait and see if this business resurfaces elsewhere in the future,” says Sorich.
Industrial Real Estate Rebounds After Recession
After taking some hits during the recession, industrial real estate projects seem to be on the rebound in the Sacramento area, partly because of the rise in online shopping. Amazon — which already has a distribution warehouse near the Sacramento International Airport — is leasing more spaces in West Sacramento and Roseville. Sorich says other projects are in the works too.
"One major example is north of Amazon's distribution facility, in Metro Air Park,” says Sorich. “Sacramento County has received an application for an industrial building of more than one million square feet at that site."
The building is described as a distribution center. Some observers of the local real estate market believe Walmart will be the tenant. Meanwhile, there are still some challenges for industrial real estate. It's not easy finding available land zoned for industrial development. And public officials don't always consider industrial buildings desirable. Setting aside a few acres for an industrial park doesn't typically appeal to cities that need more housing, or the sales tax generated by retail development.