Quote:
Originally Posted by awg
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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And it seems pie in the sky now, considering neither got built. But all of us
are blue in the face from reiterating the fact that around 600 of the 1,200
units sold without any construction.
The more logical baby steps you mention are definitely in the works with
the Triangle area in West Sac, the Docks, the Railyards and dozens of other
infill projects throughout the central city area of Sacramento. But it's tough
times for residential, both urban and suburban, all over the country. So
noone is in a huge rush to launch any large scale project.