[Sacramento] Towers on Capitol Mall: Construction on Hold

Towers on Capitol Mall: Construction on Hold
by Rob McQuade, ABR, Sacramento REALTOR®
Sacramento CA Real Estate

Sacramento is the last major West Coast city to make high-rise living a part of the plan. Years of taking seemingly limitless farmland for granted has left the city a sprawling traffic-jam. The first major high-rise project to take shape in this new era of urban living is John Saca's project, the Towers on Capitol Mall.

Two 53-story residential towers--including an InterContinental hotel--have been in the works at the gateway to Sacramento from the west on the Tower Bridge as it opens up to Capitol Mall.

But recently the developer has encountered issues with financing and construction has been halted as little more than pile work has been done.

Recent news:

From The Sacramento Bee (1/12/07): http://www.sacbee.com/142/story/106755.html
From News10.net (1/12/07): http://www.news10.net/display_story.aspx?storyid=23315

As always, you can follow this and other news on my blog at http://www.centralcityguy.com/

Rob McQuade, ABR, Sacramento REALTOR®
McMartin Realty - Sacramento Real Estate
2031 K St Ste 100
Sacramento, CA 95814-4216

Tel (916) 444-7577 or Toll Free (866) 720-CITY (2489)
Fax (916) 444-7977

On the web at http://www.RobMcQuade.com/
Visit my blog at http://www.CentralCityGuy.com/

You can email me at Rob@RobMcQuade.com