Work around the potential site for the Kings arena is already being planned, a good thing regardless of what the ultimate decision regarding the arena is.
Bob Shallit: Developer courts parcel near possible arena site
By Bob Shallit - bshallit@sacbee.com
Published 12:00 am PST Monday, November 5, 2007
The next project by midtown developer Sotiris Kolokotronis could be a mixed-use development near the Sacramento Kings arena. Not Natomas – the one under consideration near Cal Expo.
Kolokotronis has submitted the high bid for a prized, 5.6- acre parcel across the Capital City Freeway from the Arden Fair shopping center. That's just a full-court pass or two from Cal Expo, where a new basketball arena for the Kings is being considered.
The undeveloped lot is considered a top commercial infill site, given its frontage on Arden Way and access to the freeway.
Kolokotronis, known for his midtown apartment and condo towers on the 1800 block of L Street, says he would build "a high-end apartment community" on the Arden Way site, along with some retail shops, assuming he completes the transaction.
The developer says he likes the parcel's visibility, freeway access and location near major offices.
"I'm really surprised it's still (undeveloped)," he says.
