On Tuesday, August 25, the Sacramento City Council will hear a proposal by developers Bob Leach and Parkcrest Development to build a hotel at the corner of 8th and K Street and a parking structure at the corner of 8th and L Street, a project that would require demolition of city landmark the Bel-Vue Apartments and adjacent buildings. The meeting will be held at New City Hall, 915 I Street, at 6:00 PM in the main City Council chambers. The item was originally to be heard at the August 11 meeting of the City Council (see sacramentopress.com/headline/11884/City_to_decide_on_fate_of_BelVue_Apartments_and_Berry_Hotel_today ) but was taken off the agenda at the last minute. According to the sta

On Tuesday, August 11, the Sacramento city council will decide whether to give away the half-block from K to L on 8th Street, containing the Bel-Vue Apartments and several other buildings to developers Bob Leach, Mohammed Mohanna and Parkcrest Development. The land was recently purchased by the city from Mohanna at a price of $18.6 million, and the developers are asking not only for free land but several years of tax-free operation. The net cost to the city will be about $34 million, 25% of the total investment for the project, in return for about 10% of the return. The proposed project is a 300-foot luxury hotel at 8th and K and a parking lot on 8th & L where the Bel-Vue stands. The proje

City plans to demolish the Bel-Vue and adjacent buildings were mentioned in my Sacramento Press article on July 3 ( http://sacramentopress.com/headline/10159/City_To_Demolish_Landmark_BelVue_Building ) but at the time the developer and financing organization behind the project were not identified. Since then, both have appeared, along with an additional partner. The financier, Consus Asset Management, is a new player in Sacramento. The developer, Bob Leach, just completed another Sacramento project, the Le Rivage Hotel. The other player in this project is a well-known name in K Street real estate, Mohammed “Mo” Mohanna. All three are asking the city for $18.6 million in free real estate an

The city of Sacramento has announced its plans to demolish the Bel-Vue Apartments, a registered city landmark, in order to clear land on 8th Street for a potential future parking structure. Located adjacent to the now-vacant corner of 8th and K Street, the Bel-Vue was built in 1910 as the American Cash Apartments. Built in the Craftsman style with Asian overtones, the three-story brick building contains apartments above a commercial ground floor. When the Bel-Vue was built, it was one of many downtown apartment buildings. If it was built today, the Bel-Vue would be described as a mixed-use, transit-oriented infill project. The building is currently owned by the city of Sacramento’s housi

 What can't one find at the K Street Mall? From The Crest to Esquire Grill and Cabana Club, boutiques and fresh-cut flowers, K Street's outdoor mall provides Downtown Sacramento with every necessity. Well, almost every necessity. Right now K Street Mall stands incomplete as nine properties between 7th and 9th Streets currently stand vacant. But hopefully not for long as the discord between the City of Sacramento and Moe Mohanna finally comes to an end.   On October 7, after two years of legal contention, the Sacramento City Council voted to end the eminent domain dispute with Mohanna, offering him a settlement of $18.6 million for his nine properties, located on blocks 700 and 800. With