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Old Posted Sep 27, 2007, 4:39 AM
awg awg is offline
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Join Date: Dec 2005
Location: Downtown PDX
Posts: 141
I think the hotel stuff that Ramos is proposing is a bit off into the future. The proposals on the other side, I believe, were what was talked about in some of the articles above and are dependant on landing some of the state RFPs. I think there is one for the California Highway Patrol and one of the Department of Water and Resources. Both of those projects would be operational within 24 - 30 months. If either of those go, the site could develop organically over the next 5 or 6 years. If neither happen, then it seems like a long wait.

The office market seems very strong in Sacramento but the residential is tough. I found it curious that either of the high-rise towers were taken seriously at all considering there is no precedent for that kind of living anywhere in Sacramento (is there?). Most places do baby steps to figure these kind of projects out and then ramp up the scale over a decade or so. Just seemed like pie in the sky dreams from an outside observer's point of view.
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