View Single Post
  #20  
Old Posted Sep 25, 2008, 5:33 AM
TowerDistrict's Avatar
TowerDistrict TowerDistrict is offline
my posse's on broadway
 
Join Date: Jul 2005
Location: in an LPCA occupied zone
Posts: 1,600
Quote:
Originally Posted by arod74 View Post
TD's repost from SSC of the Asian Trade Center reminds me: whatever happened to the old mill site off Broadway and I-5 that was supposed to be sold off for the purposes of some grand civic project according to the wishes of the family owning the property? With the downturn in the real estate market did the owners balk on selling..
The Setzer property is to my knowledge, still actively a lumber mill. The deal for the land was awarded to Signature properties (partners @ the Docks and developer of the Washington Park townhomes). They are in really bad shape right now. I personally know four people in their Bay Area offices that have been laid off. I don't know if they have backed out of the idea entirely, or have just put everything on hold. Things have been silent on that end.

story of the acquisition here
__________________
---------------------------------------------------------------
Map of recent Sacramento developments
---------------------------------------------------------------
Reply With Quote