LGTBQ+ nightclub owner buys historic midtown Sacramento bar building for $1.3 million

Faces nightclub owner Terry Sidie has purchased the vacant building at 2107 L St., formerly home to longtime midtown Sacramento bar the Distillery and the more contemporary Costanza’s.

Sidie Investments LLC purchased the 2,200-square-foot building from Socotra Capital LLC for $1.3 million, as first reported by the Sacramento Business Journal on Monday.

The Distillery dive bar closed in 2017 after 54 years in business, and Costanza’s opened in 2018 as a nod to “Seinfeld” and other pop culture fixtures. It closed in 2021, and the short-lived barbecue concept Smoke & Beers lasted only a few months.

Sidie has also purchased the neighboring two-story building at 2101 L St., he said, and plans to bring the two together. Having recently completed building an eight-unit complex in Puerto Vallarta, Mexico, he is looking for an operator to take over Costanza’s kitchen and operate the restaurant and event space.

Sidie opened Faces, a two-story LGBTQ+ nightclub, in 1985 at 2000 K St. in the heart of Lavender Heights. He tried to sell the business for $2.75 million last year as he inched toward a planned retirement, but that posting has since been taken down with no sale made.

Socotra Capital LLC bought the building from Constanza’s and Smoke & Beers ownership group Wet Bandits LLC for $1.26 million in 2022, according to real estate website Reonomy. Wet Bandits LLC filed for bankruptcy in November 2021 after purchasing the building for $1.3 million in 2017.

This story was originally published December 18, 2023 at 11:59 AM.