
EXCLUSIVE: Pieces Fall into Place for Midtown SKK Development
Source: Sacramento Business Journal
Brokers: Ken Turton
A three-phase project to add hundreds of new housing units to midtown Sacramento should get underway soon.
Another step in that project involving SKK Developments and The Grupe Co. fell into place last week when Grupe purchased 52,000 square feet of property along P, Q and 20th streets. That property, next to the north-south rail line through the neighborhood, sold for $3 million.
Grupe president Mark Fischer said work should begin by summer’s end to build 32 detached for-sale townhomes on the property. Prices for the 1,800-square-foot homes will range from about $575,000 to $590,000, he said.