Posted Dec 8, 2007, 7:57 PM
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Registered User
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Join Date: Aug 2006
Location: SAN FRANCISCO/SACRAMENTO
Posts: 634
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Courtesy of KOVR 13.
New Plans for Downtown Sacramento Eyesore.
Reporting
Kris Pickel SACRAMENTO (CBS13) ― It's not the prettiest thing to look at; an eyesore on the Capitol Mall.
Construction began 18 months ago. But since developer John Sacas plans to build these two 50 story luxury condo towers fell through, the question has been what will happen to this big hole in the ground?
We've learned the months of pile driving endured by downtown workers will not go to waste.
New plans are not set in concrete but include two towers, office space instead of condos, and the buildings are not quite so grandiose. They plan to be 30 or 40 stories, instead of the original plan of 50 stories. While opinions are split on what people would like to see, the developer plans to put any projects on hold for at least 18 months, giving the economy time to recover.
While the site sits in limbo, a contractor is spending two million dollars to make the parcel easy on the eye, and preserve it for the future development.
Grass is being grown to prevent dirt from sliding back into the pit. A tasteful new fence will camouflage the dormant construction. New sidewalks will reopen the area to pedestrians, and a lane of traffic that had been closed around construction is already reopened.
The new developer is the CIM Group. They are behind a lot of high rise properties; some are just office space, others are just residential and quite a few are a mixture of both.
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If this plan is true, then this sucks. We won't reach 500 feet nor will it be residential.
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