Quote:
Originally Posted by snfenoc
Anybody heard recent info about Yamanee?
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There was a SBJ article saying its been delayed due to financing (I'm assuming the developer couldn't get financing.
Curious how projects like 19J and the 15th and Q mid/highrises can get funding but Yamanee can't.
I'm starting to believe the issue is not "highrise apartments don't pencil out in Sacramento", but the real issues being the developers that happen to own the particular properties are not big time/experienced urban developers.
I think over the next 2 years as there midtown highrises along with the DoCo tower are a success the argument that urban highrise doesn't pencil out in Sacramento won't be credible.