The proposal for redevelopment of the 700 block of K Street received the nod of approval from City Council Tuesday night, opening the way for developers to move forward with the $47.7 million project. With close to 64,000 square feet of retail space and more than 130 housing units, the project is designed to revitalize a long-ignored section of K Street with a diverse tenant mix of restaurants, boutique shops and a live music venue. If all goes as planned, developers expect to begin construction in late January or early February of next year. With their unanimous vote, council members approved the environmental impact and planning commission reports, and formalized a Developer Dispositi

Redevelopment projects for the 700 and 800 blocks of K Street cleared a final hurdle on their way to the Sacramento City Council when the city's Preservation Commission approved both Thursday night. The commission called a special meeting to consider the final major design components after both projects were approved by the Planning Commission last week. A City Council vote of approval, which will be set for sometime in June, would mean groundbreaking could finally begin on two key blocks of K Street Mall that have long been eyesores. The projects will add 337 mixed-income apartments in the downtown core, rehab the landmark Bel-Vue Apartments and restore all but one of the building façad

D & S Development, Inc., and CFY Development Inc. – led by David Miry and his son, Bay Miry, and Cyrus Youssefi and his son, Ali Youssefi – are currently working with the city on plans to redevelop the south side of the 700 block of K Street. The developers propose a mix of adaptive reuse and new construction that would include a music club, four restaurants with bars and other retail, second-floor apartments, sidewalk patio seating, rooftop decks for dining and residential use, and a six-story apartment building on the alley. The developers also plan to restore historic brick and wood storefronts facing K Street. City staffers expect to bring the project back before the Preservation an

The Sacramento Planning Commission on Thursday applauded a development team's plan for the 700 block of K Street. D & S Development, Inc., and CFY Development Inc. – led by David Miry and his son, Bay Miry, and Cyrus Youssefi and his son, Ali Youssefi – propose a mix of adaptive reuse and new construction for the south side of the block. Since it was introduced, the plan has grown to incorporate Sacramento's historic underground and plenty of outdoor living space, while keeping its residential component smaller and less expensive. The project would also restore historic building façades to help preserve the legacy of K Street, which was once the thriving heart of the city. The plan call

A redevelopment project being considered by the city could help cement K Street Mall's future as an entertainment district. The proposal that went before the city's Preservation Commission Wednesday night would build a live music club with a roof terrace in the historic Banking Hall building at 700 K St., anchoring a key block across from Westfield Downtown Plaza and St. Rose of Lima Park. The plan by D & S Development, Inc., and CFY Development Inc. – led by David Miry and his son, Bay Miry, and Cyrus Youssefi and his son, Ali Youssefi – also proposes four restaurants with bars for the south side of the block, along with 153 new apartments and a nearly 29,000-square-foot, two-level park

 In an upset vote, the Sacramento City Council on Tuesday chose two teams — one led by D & S Development, Inc. and CFY Development, Inc. and the other by Sacramento developer David Taylor — to revitalize two troubled blocks on K Street Mall. In a split vote of 5 to 4, the council agreed to enter into an exclusive negotiating agreement with the teams endorsed by a selection committee to redevelop the 700 and 800 blocks of K Street. The majority of council members opted not to follow the recommendation of Mayor Kevin Johnson's ad hoc committee to give the entire project to the Sacramento Alliance Team, led by Rubicon Partners, St. Anton Partners and Preferred Capital Advisors. "We need to

The Sacramento City Council is set to vote Tuesday night on the developers who will tackle the blighted K Street Mall. The question before the council is whether to support the recommendation of Mayor Kevin Johnson's ad hoc committee to go with the biggest proposal, which has a "Boqueria" public market as its centerpiece, or to back two other proposals to redevelop the troubled 700 and 800 blocks of K Street on $40 million in city-owned land. Only one selection committee had been identified in the city's request for qualifications. Last month, that committee recommended the 700 block be redeveloped by D & S Development and CFY Development, with their Promenade on K project estimated at $

An ad hoc committee led by Sacramento Mayor Kevin Johnson is backing the developers of the Citizen Hotel to redevelop the 700 and 800 blocks of K Street Mall with a huge public market as the centerpiece. The committee, made up of four City Council members - Steve Cohn, Rob Fong, Ray Tretheway and Johnson - is recommending that the Sacramento Alliance Team led by Rubicon Partners, St. Anton Partners and Preferred Capital Advisors be given the project to revamp city-owned property on those blocks, according to a city staff report released Thursday afternoon. The City Council is set to vote on the matter Tuesday. Last month, a special committee set up by the city recommended two other team

The Sacramento City Council is scheduled next month to pick the developers who will take on the challenge of rebuilding two blighted blocks of K Street Mall. A selection committee created by the city has tapped two teams. D & S Development, Inc., and CFY Development, Inc. — led by Cyrus Youssefi — is being recommended to redevelop the 700 block. The group 700-800 K Street, LLC — led by Sacramento developer David Taylor and Z Gallerie owner Joe Zeiden — is being recommended to take on the 800 block, said Beth Tincher, a senior project manager with the city's Economic Development Department. The Downtown Sacramento Partnership endorsed those selections at a board meeting last week. The two