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Are we to assume costs for each unit will go up in size as the floor plans have??? |
Developments planned near light-rail stations
From the Sacramento Business Journal - 2:57 PM PST Tuesday by Mike McCarhyStaff writer/Sacramento Business Journal Sacramento Regional Transit has taken another step towards developing surplus land near its light-rail stations into transit-oriented communities. The agency has picked Costa Pacific Communities and High Street Residential, a subsidiary of Trammell Crow Co., to develop two transit-oriented communities at the Butterfield and Power Inn light-rail stations. Costa Pacific, a national leader in master-planning and mixed-use developments, and High Street, a developer of user-friendly urban neighborhoods, have joined forces to develop these two high-density, mixed-use communities. Regional Transit officials have been working to develop its surplus land for several years, partly to encourage ridership by offering a mix of services at the stations. "The Power Inn and Butterfield facilities are surrounded by underutilized SRT land," said Fred Arnold, the agency's director of real estate. "We are proud to partner with Costa Pacific and High Street to develop the areas to their full potential for public use." The Power Inn and Butterfield light-rail stations are on the Folsom line of the Sacramento light rail. The Power Inn site is about 14 acres and is adjacent to Granite Regional Park. The site will include an estimated 270 residences within a mixed-use community. The Butterfield site, adjacent to the California Franchise Tax Board complex, is about 3 acres and will also feature commercial, retail and residential uses. Costa Pacific Communities, widely recognized for co-developing Orenco Station in Hillsboro, Ore., (voted "America's Community of the Year" in 1999 by the National Association of Homebuilders), is the Northwest's leader in new home design and planned communities. Costa Pacific is also overseeing the development of the 500-acre, 2,500-residence Villebois Community in Wilsonville, Ore. The company focuses on specific guiding principles such as connectivity, sustainability and diversity that are appropriate for a particular community. Founded in 1948, Trammell Crow Co. is one of the world's largest diversified commercial real estate services companies. The company provides building management, brokerage, project management, development and investment services to investors in and users of commercial real estate. Residential development is orchestrated through its wholly owned subsidiary, High Street Residential, which is focused on restructuring old or creating new urban neighborhoods to provide more environmentally sound, user-friendly communities. The company is traded on the New York Stock Exchange under the ticker symbol TCC. |
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I know there have been quite a few interior changes but these
exterior changes are beginning to make me wonder how much the final product will look like the model at their sales office. I do hope they will release a few more renderings with the updated design. I’m sure they will still be a great couple of towers, now I’m just curious how the balcony change it’s presents… hopefully not much. :yes: |
urban encounter, nice new avatar.
^looks like theres hella news - gotta catch up on it later during lunch break, as for now - off to work dreaming of new tall phalic symbols for sac |
^^ wow. i have grown so attached to the current design - but i will suspend judgement until a new rendering is released.
as for the clearance: yeee! |
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Thanks northbay...:D |
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Since they are giving us the option to switch to another unit, we are considering checking to see what's available. If we don't find something we like at a price we like we'll pull out. We're still on the list at Aura and have an appointment for next Saturday (at which time we'll get to see the final floor plans and prices) so we might wait to see what happens with that before making a move. My guess is that we'll be in sticker shock after seeing Aura's prices and might go back to Towers to see what's available... Bottom line, we're in no big rush and if neither of these two work for us we'll just wait for the next round of downtown condos/lofts. |
no surprise here -
What's 53 stories high and backed by $200B? Sacramento Business Journal - March 31, 2006 The most pervasive rumor about John Saca's planned Towers at Capitol Mall is that his deep-pockets investment partner will be the California Public Employees' Retirement System. A city official was even overheard saying with conviction that CalPERS is the player that will help the 53-story project rise at 3rd and Capitol. A partner would help Saca tap the bank financing he needs. CalPERS is the nation's largest public pension fund, managing more than $200 billion in assets. The partner is the best- or worst-kept secret in town. Saca won't disclose anything until the deal is inked, although he says that could be any day. Or maybe the official meant CalSTRS, the State Teachers' Retirement System ... |
Take a bow Urban.
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I think the writer got his rumor from this forum. Way to go Jim!
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I just heard a 1,500 sq ft, corner unit, on the 25th floor for...
$900,000 with $600 per month HOA fees. ??? |
Do you know someone who buying other than the two forumers
who have refundable deposits on this site? I have not heard it being that steep yet. |
Yes... it was an aquaintence of a friend of mine. They had said that
it was all that and they were happy to get it. Now that price is three times what the original starting price was to be. I expected the original prices were waaaay too low. But not like that!!! I love this project to death, but maybe that's just a wee bit steep? |
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Originally I believe they were quoting prices as "starting in the $350,000's". That would be for the smallest unit (650 sf?) on the lowest floor. Even that is $538/sf. (That's what all this "sticker shock" talk has been about.) I'm just glad I'm not in the 3rd sales event group! And, yes, the true test will be how many non-refundable deposits they'll be getting soon. I know of at least one they'll be getting...... |
I don't want to take anything away from anyone like you who would
gladly pay that amount. Hell.. I would if I could. I'm just genuinely "shocked" by the price jump. I guess that's why Nassi was so smug when asked about the demand. Also worth mentioning, is the marketing of floor level. In that sales people explain that it's not neccesarily the better unit, the higher up it is. Rather, the lower floors afford a better view of city life, and the activity at street level. I thought that was an interesting view. Pun intended. :) |
So they are taking non-refundable deposits now or... when is the date?
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