The Kitchen to relocate to redevelopment site on Broadway
Apr 24, 2015, 3:47pm PDT Updated: Apr 24, 2015, 5:46pm PDT
Ben van der Meer
The Kitchen will relocate to a redeveloped site on Broadway, Selland Family Restaurants announced Friday afternoon.
Two executives from Unger Construction, which has its headquarters nearby, are part of a partnership to buy the retail space at 915 Broadway and redevelop for The Kitchen and other new tenants, according to a news release from Selland, also a partner in the deal. Someone familiar with the transaction pegged the purchase price at $2.6 million.
“We think it’s a really cool site,” said Unger vice president Scott Maxwell, adding his company wants to be part of a new renaissance on Broadway. "The opportunity to add nightlife here and make it accessible is terrific."
The property is 1.9 acres and includes a 15,000-square-foot building now housing a nonprofit, Community Resource Project , Inc., the seller on the deal.
Maxwell said the concept is to redevelop the existing building rather than demolishing it and starting over. "When you look at it six months, maybe a year from now, it won't look the same," he said.
The Kitchen, one of Sacramento’s most high-end and popular restaurants, is currently in a location with relatively little parking at 2225 Hurley Way. The news release indicates the restaurant would open at the new location by the end of 2016.
Two principles with Silva Stowell Architects, a tenant by year's end in the project, are also partners in the plan. The release said a mix of other restaurant and office tenants is being considered; exact square footages or configurations for the project were not immediately available.
Sheryl Trapani, Selland's marketing director, said at this point, the partners don't know designs, square footage or any other details of how the project will unfold.
"We're excited to share all that, but we just don't have it yet," Trapani said. "We're really in the early stages."
She also said the project is a joint partnership by people interested in participating in and contributing to redevelopment on the Broadway corridor.
Maxwell said the location itself is ideal, near a direct line to downtown on 10th Street, and eventually, over a bridge at the end of Broadway into West Sacramento. The Mill at Broadway redevelopment housing project also is only a few blocks to the west.
The partners have been working with the city of Sacramento on building and development proposals for the site, Maxwell said, so work should get underway soon.
"We're just getting those balls in the air," he said.
Brown, Stevens, Elmore & Sparre worked on the deal on behalf of the buyers.
Ben van der Meer covers real estate, development, construction, transportation and the business of sports for the Sacramento Business Journal.