JMA Ventures

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Sacramento, Calif. – Today, the Sacramento Kings and JMA Ventures, LLC announced the mixed-use project inclusive of Golden 1 Center would be branded Downtown Commons (DOCO). DOCO can also be found via “DOCOSacramento” on Facebook, Twitter, Instagram and Snapchat.

“From world-class art and entertainment to innovative restaurants and retail, Downtown Commons will serve as Sacramento’s cornerstone – its common ground,” said Sacramento Kings Owner and Chairman Vivek Ranadivé. “It’s where neighbors, families and visitors will gather to share experiences year-round.”

September 16 – #916Day – provides a unique opportunity for Sacramentans to celebrate the city, and today’s DOCO launch signifies the next chapter in Downtown Sacramento’s evolution.

DOCO will showcase entertainment, restaurant and apparel offerings to the Sacramento region. In addition, the over three acre plaza will be an exciting civic space for people to gather and enjoy outdoor concerts, fresh markets, farm-to-fork favorites, and outdoor activities ranging from holiday ice skating to morning yoga to movies after dark. The plaza will also feature Jeff Koons’ Coloring Book sculpture, the first publicly displayed Koons sculpture owned by a municipality.

DOCO’s entitlements include up to 1.5 million square feet of dynamic mixed use development. The initial phase of development features 128,000 square feet of office space, 300,000 square feet of retail, a 250-room boutique hotel managed by Kimpton Hotels, and up to 50 residential units. Foundation work on the garage and mixed-use tower is ongoing, and renovation of existing retail will start in fall 2015. 

The Kings and JMA also announced the first round of tenants: Punch Bowl Social, Pour Society and Sauced BBQ and Spirits. The restaurants represent the first locations in Sacramento for all three and Punch Bowl Social and Pour Society’s first in California. Cushman &amp; Wakefield is handling the retail leasing for DOCO.

“We’re excited to bring these innovative concepts to Sacramento’s urban core,” said JMA Ventures, LLC CEO Todd Chapman. “Punch Bowl Social, Pour Society and Sauced BBQ and Spirits are strong additions to the Sacramento community and reinforce our intention to create a unique retail destination that complements our region’s culture and lifestyle."

A 2014 third-party analysis estimated that the combined economic impact of the downtown arena and surrounding development will generate 4,000 permanent jobs and $11.5 billion in economic activity for the Sacramento region over the expected 35-year lifespan of the arena and surrounding development. Golden 1 Center will also help attract 1.6 million new visitors to downtown Sacramento each year, which is expected to help generate more than $8.5 million in sales tax and approximately $867,000 in transient occupancy taxes each year. 

Related: Kings &amp; JMA Ventures Hire Swinerton Builders to Provide Pre-Construction Services for Mixed-Use Project

PUNCH BOWL SOCIAL: Punch Bowl Social brings ‘old school’ entertainment, culinary refinement, and a modern beverage program under one roof. Guests’ experiences are further defined by a plethora of entertainment options. Punch Bowl Social also will feature throwback entertainment favorites, such as an ‘80s Arcade, private karaoke rooms, foosball, marbles-tables, ski-ball and board games such as Trivial Pursuit, checkers and chess. Additionally, eight lanes of bowling, a dart lounge, shuffle board, ping-pong, billiards, and cornhole round out the leisure sports offerings. This is the sixth Punch Bowl Society location, following Portland, Ore.; Denver; Austin, Tex.; Detroit; and Cleveland, Ohio. 

“When this project came to our attention last year and after learning about how strong the community rallies around their city, my first response was, ‘yes’. The ‘Farm to Fork capital of America’ is a no brainer for Punch Bowl Social”, said Robert Thompson, Founder and CEO of Punch Bowl Social. “Punch Bowl Social is characterized by urban-grit and west coast sensibilities, a perfect piece to the growing Sacramento puzzle. When you combine Punch Bowl Social’s multi-faceted scratch kitchen, craft beverage and old-school gaming elements with Sacramento, the raw entertainment power of the NBA and the Kings, that’s a winning setup.”

POUR SOCIETY: Pour Society is a modern interpretation of the classic American pub. The restaurant will utilize locally sourced ingredients paired with boutique wines, American craft draft and bottled beer and handcrafted specialty cocktails to create a lively and inspired culinary environment. A Northern California resident and two-time James Beard Award winner, Chef Bradley Ogden will design, develop and execute the upcoming restaurant. This is the third Pour Society location, following Las Vegas and Houston.

“I’m thrilled at the opportunity to craft a restaurant that reflects the best of Sacramento’s dynamic culture,” said Pour Society Chef and Restaurateur Bradley Ogden. “As a resident of Northern California, I’m also honored to join Sacramento’s talented network of chefs and restaurateurs.” 

SAUCED BBQ and SPIRITS: Sauced BBQ and Spirits provides excellent food, great drinks, and an unmatched Southern charm and ambiance. This is the third location, following Livermore, Calif. and Petaluma, Calif.

“We’re excited to be a part of a project that is redefining a city,” said Sauced BBQ and Spirits Owner and BBQ Pit Master Brenden Scanlan. “Before the game, during a long-lunch or after work, our guests will enjoy high quality authentic Southern smoked BBQ and scratch made sides, an impressive draft beer list, refreshing Southern inspired cocktails, and an impeccable whiskey list.” 

More tenant announcements to be made in the coming months. For more information, visit www.DOCOSacramento.com.   

ABOUT JMA VENTURES, LLC: JMA Ventures, LLC is a full service San Francisco based investment and real estate development company with in-house acquisition, development, finance, leasing, marketing and management capabilities. The company has compiled a 20-year track record of successful projects, both residential and commercial, combining investment and development expertise currently serving as general partner and master developer for in excess of $1.5 billion of real estate related investments across the western United States. JMA’s portfolio encompasses some of Lake Tahoe’s and the San Francisco Bay Area’s most appealing lifestyle and entertainment venues, including the proposed redevelopment of Homewood Mountain Resort in Lake Tahoe; the West Shore Café and Inn; Constellation Residences at Northstar, A RockResort; ownership positions in the recently merged Alpine Meadows and Squaw Valley Ski Resorts; as well as Fairmont Heritage Place at Ghirardelli Square in San Francisco and Waterbar and EPIC Roasthouse restaurants on San Francisco’s revitalized Embarcadero waterfront. For more information, please visit www.JMAVenturesllc.com.

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Sacramento Kings and JMA Ventures, LLC Announce  Downtown Commons, Initial Tenants

Sacramento, Calif. – Today, the Sacramento Kings and JMA Ventures announced that Swinerton Builders will provide pre-construction services for the mixed-use project adjacent to the Entertainment and Sports Center (ESC). The over $200 million mixed-use project includes retail and restaurants along the plaza and a proposed 16-story tower that will include a public lobby, retail and office space, 250 hotel rooms and residences at the top of the tower. 

“We're proud to welcome another great partner into this incredible project,” said Kings President Chris Granger. “Swinerton's impressive industry track record and deep Sacramento roots are great news for both the Kings and community.”

Established in 1888, Swinerton Builders is a 100 percent employee-owned company focused on commercial construction and construction management services. They have 225 professional and craft employees based in Sacramento. In 2014, ENR California ranked Swinerton No. 1 for general contracting, overall general builder, green builder, power contractor and hospitality builder. Local projects include the UC Davis Medical Center, CalSTRS Headquarters, Cache Creek Casino Resort, Jackson Rancheria, Natomas Gateway Tower, Intel, Embassy Suites, SMUD Solar and the Meridian Plaza.

“We’re excited to partner with a company that has infused so much life into the Sacramento region and to bring to fruition a project that will forever change the landscape of downtown,” said JMA Ventures President Todd Chapman.

“Swinerton is proud to partner with the Sacramento Kings on this exciting project and looks forward to working together to make it a reality,” said Swinerton Executive Eric Foster. “Our Sacramento office, which has been building locally for more than 45 years, is especially thrilled to be a part of this transformational downtown project.”

A 2014 third-party analysis estimated that the combined economic impact of the downtown arena and surrounding development will generate 4,000 permanent jobs and $11.5 billion in economic activity for the Sacramento region over the expected 35-year lifespan of the arena and surrounding development. The ESC will also help attract 1.6 million new visitors to downtown Sacramento each year, which is expected to help generate more than $8.5 million in sales tax and approximately $867,000 in transient occupancy taxes each year.

The Sacramento Kings purchased Downtown Plaza in January of 2014 from JMA, a full-service real estate investment and development firm based in San Francisco. A leader in developing and redeveloping large-scale lifestyle properties, JMA is the master developer of the mixed-use project in a joint venture partnership with the Kings and continues to manage day-to-day mall operations. JMA and the Kings expect to break ground on the tower and the ancillary development in spring 2015 and complete the project by fall 2016, in time for the scheduled arena opening.

For more information, visit www.SacramentoESC.com.

About Swinerton Builders: Swinerton provides commercial construction and construction management services throughout the United States and is a 100 percent employee-owned company. Recognized nationally since 1888, Swinerton is the preferred builder and trusted partner in every market it serves -- proudly leading with integrity, passion, and excellence. For more information, please visit: http://www.swinerton.com/. 

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Sacramento Kings and JMA Ventures Hire Swinerton Builders to Provide Pre-Construction Services for Mixed-Use Project Adjacent to ESC

Kings Rocket Department

SACRAMENTO, CA –Todd Chapman, president and CEO of JMA Ventures, LLC (“JMA”), announced today that JMA and Downtown Properties, an associate of Gaw Capital, have completed the transaction to sell Sacramento Downtown Plaza to Sacramento Business Holdings, LLC, dba the Sacramento Kings, the buyer group led by TIBCO Software CEO and Chairman Vivek Ranadive.

The Kings are partnering with the City of Sacramento to develop an entertainment and sports complex on the site, which will be the future home of the team.  JMA, a full-service real estate investment and development firm based in San Francisco, will continue to manage day-to-day mall operations while collaborating with the Kings on the design and development of a lifestyle mixed-used project that will integrate with the arena complex and activate the surrounding area 365 days a year.  JMA purchased Downtown Plaza in August 2012 from Westfield Group.

“We are thrilled to close this transaction as it is another important step in the process of building a world-class arena in the heart of downtown with a vibrant, active development surrounding it,” said Sacramento Kings President Chris Granger.

JMA and the Kings are working to achieve entitlements for the development of 1.5 million square feet of new mixed-uses on the site, including 350,000 square feet of retail, 475,000 square feet of office, 250 hotel rooms and 550 apartments.  JMA, a leader in developing and redeveloping iconic, large-scale lifestyle properties for the past 20 years, serves as managing partner for more than $700 million in projects spanning hospitality, leisure, residential, retail, office and industrial.

“With the sale now final, we’re excited to move ahead with the planning for the mixed-use development of the surrounding site,” said Chapman.  “We’re looking forward to continuing our work with the Kings on the overall development of the entertainment sports complex to create a thriving and dynamic downtown corridor for Sacramento.”

Completed in 1971 and redeveloped in 1993, Downtown Plaza encompasses six city blocks on 14 acres in the heart of Sacramento’s downtown district.  The site was identified as the choice location for the team’s new arena  due to its prime location as the anchor of the pedestrian-only K Street Promenade that connects Old Sacramento to the State Capitol and the Convention Center.

For the past 20 years, JMA has developed dozens of distinctive lifestyle and entertainment properties throughout the West Coast, with an emphasis on Northern California. These properties are marked by their uniqueness – each with its own distinct identity reflecting the history and understanding of its surroundings, paired with JMA’s keen insight into the premier guest experience and a deep knowledge of the ever-evolving tastes and desires of high-value consumers. This makes interactions with JMA properties transformative and memorable. JMA’s portfolio encompasses some of Lake Tahoe’s and the San Francisco Bay Area’s most appealing lifestyle and entertainment venues, including the proposed redevelopment of Homewood Mountain Resort in Lake Tahoe; the West Shore Café and Inn; Constellation Residences at Northstar, A RockResort; ownership positions in the recently merged Alpine Meadows and Squaw Valley Ski Resorts; as well as Fairmont Heritage Place at Ghirardelli Square in San Francisco and Waterbar and EPIC Roasthouse restaurants on San Francisco’s revitalized Embarcadero waterfront.

JMA Ventures, LLC (“JMA”) is a full service San Francisco based real estate investment and development company with in-house acquisition, development, finance, leasing, marketing and management capabilities. The company has compiled a 20-year track record of successful projects, both residential and commercial, combining investment and development expertise with a commitment to the highest quality of design. JMA currently serves as general partner for in excess of $700 million of real estate investments across the western United States.  For more information, please visit www.jmaventuresllc.com.

Downtown Properties, an affiliate of Gaw Capital Partners, is a Los Angeles-based real estate investment, development and private equity firm.  Collectively with Gaw Capital, the firm has raised and placed over $2 billion of equity into real estate projects in Asia, Europe and the United States.  The existing US portfolio includes over 2 million square feet of office in major cities including New York, Chicago, San Francisco, Los Angeles and Houston.  Downtown Properties also owns over 1,000 hotel rooms including the Hollywood Roosevelt Hotel.  www.downtown-properties.com

JMA Ventures

Sacramento Kings and JMA Ventures, LLC Announce Downtown Commons, Initial Tenants

Sacramento Kings and JMA Ventures Hire Swinerton Builders to Provide Pre-Construction Services for Mixed-Use Project Adjacent to ESC

JMA Ventures, LLC and Downtown Properties Sell Interest in Sacramento Downtown Plaza to the Sacramento Kings