Quote:
Originally Posted by enigma99a
Yes, there are plenty of other holes to build a sub 30 tower. I'd say this one needs to be in the 550-650ft range
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Honestly I don't see anything ever being built in Sacramento over 500 feet in height.
There just isn't a market in Sacramento for high rise office buildings. There are only so many lobbyists and law firms in Sacramento and there just isn't enough private companies that want to lease high rise office space. The state requires large floor plates that are more conducive to suburban office parks.
Unfortunately Sacramento missed the boat on residential towers with the epic failure of "The Towers" and "Aura." I give John Saca credit for trying and coming close. But banks don't seem inclined to lend for such projects in Sacramento.
Whether Cal PERS ever builds their proposal at 301 CM remains to be seen. I personally think there will eventually be a parking garage at that site, (just a hunch). The Vanir Tower is rumored to be considering adding floors to their 26 story proposal, but even if it gets built (and that's a big "if") it won't be anywhere near 500 feet in height.
So what would it take to reach 500 feet? I have no idea. I remember during the economic downturn that Sacramento was ready to break ground on shovel ready residential towers when the economy improved. Well the economy improved and still there's nothing. It all leads me to conclude Sacramento's very modest skyline with continue to languish in mediocrity for a long time.