McClatchy, The Bee’s parent company, said in a memo Thursday that the development group, led by Sotiris Kolokotronis, expects to begin construction in April or May of 2017 and finish the project by the fall of 2018. Kolokotronis’ group purchased the garage for $5.7 million.
The Press, as the new apartment building would be called, would stand at four stories and be among the largest residential developments built in the central city in recent years. It’s part of a broader plan that also includes a smaller apartment building at 19th and Q streets and a row of townhouses along 20th Street between P and R streets.
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