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Old April 29th, 2005, 04:14 AM   #41
enigma99a
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Oh the 301 Capitol Mall towers are expected to start construction this October
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Old April 29th, 2005, 04:16 AM   #42
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the Aura 38-story condo project is looking good.. Here is a news bite from an article. Construction should start this fall.

Since word surfaced about a local Libeskind project, Nassi says, he's had "phenomenal response." Among those committed to buying units is Libeskind himself.

"He's proud of what he does," Nassi says. "When he's in the vicinity, he'll stay at his own unit there."

Nassi says he has secured a "soft commitment" of funding for the project from a large institutional lender.
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Old May 3rd, 2005, 06:32 PM   #43
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Development New for K Street

VERY solid group for 10th and K

_________________________________________________________________

Developers pitch K Street plans
Three development teams have submitted proposals to revamp portions of the K Street mall in downtown Sacramento, but only one set its sights on the block between 10th and 11th streets, city officials reported Monday.

The city's Economic Development Department sent out a request for proposals on behalf of the city redevelopment agency last month, seeking pitches for "development of cultural, entertainment, retail and housing uses in the heart of downtown."

The K Street Mall, particularly the blocks nearer its west end, has been a persistent problem for the city, attracting panhandlers and showing gaps where businesses have closed. Attractions such as the Crest Theater, at 1013 K Street, are bright spots, but many plans for redevelopment have stalled.

The 700 and 800 blocks of K Street drew the most interest, with two teams submitting a proposal for each.

One team was made up of Evergreen Properties and Hank Fischer Properties. (See artcile below)

The other was made up of Zeiden Properties and The Corritore Company. Retailer Joe Zeiden has previously talked about redeveloping buildings in the 700 block of K Street for retail use.

The sole proposal for redevelopment of the 1000 block of K Street came from a team made up of David S. Taylor Interests, CIM Group, Cordano Company, St. Anton Partners and Paragary's Restaurant Group.

CIM Group is developing the Plaza Lofts at 9th and J streets. The Cordano family, owners of Sunrise Mall and mall developers, and Steve Eggert, a partner in apartment builder St. Anton, have secured a corner at 11th and J streets where they plan a condo or office tower. David Taylor and his firm are managing the renovation of Sacramento City Hall and have proposed a high-rise office tower on Lot A at 621 Capitol Mall.

_________________________________________________________________

Look for a Nugget if K Street development plan pans out

City staff delivered a tough ultimatum to K Street property owners in January: Come up with development plans for the 700 and 800 blocks of K - or risk losing your land to eminent domain.

The deadline arrived Friday. One group has stepped up big time

A partnership that includes Moe Mohanna, John Lambeth, other property owners and a couple of top development companies has submitted an eye-opening plan that includes 1,000 residential units, retail stores, an office building - and a Nugget Market.

"We've really gone to the mat on this thing," says attorney Tina Thomas, spokeswoman for the all-local development group that includes the Evergreen Co. and longtime residential builder Hank Fisher Properties.

The proposal includes the south side of K Street, between Seventh and Ninth, extending to the north side of L. About 50 percent of the property owners in the area have either joined as partners or agreed to sell their land to the team, Thomas says.

Thomas isn't disclosing any other names of retailers just yet. But getting Nugget - which has signed a letter of intent - is a huge catch. It's a perfect fit for an area city officials envision as a future residential center, full of high-rise condos and apartments.

What's next? A commission will review the proposal - and any others that may have come in late Friday - for 60 to 90 days, then start talking about low-interest loans and other incentives to make something happen.

Thomas says her group can't wait to get to that point. "We're impatient to move forward," she says.

_________________________________________________________________

Big plans for 10th and K may be just around the corner

Developers still have a month to turn in proposals for a destination entertainment complex at 10th and K streets. But there's already a buzz building around one still-evolving plan that would put residential, retail and office buildings, along with entertainment venues, on at least three of the intersection's four corners.

The city last month put out an "RFP" seeking ideas mainly for the property it owns on the south side of K Street, from 10th most of the way to 11th. That land includes the sites of former Woolworth and Rite Aid stores and has long been a key redevelopment target.

But several local developers teamed with the CIM Group of Hollywood are proposing construction not only on those sites but also on properties they control on the intersection's northeast and southwest corners.

Participants in the group are said to include David Taylor, the Cordano family and St. Anton Partners, along with CIM, whose huge lofts project is now starting to rise from the ground at Ninth and J streets.

They are planning ground-floor retail stores topped by offices and housing. They're also looking at bringing in entertainment, including perhaps B Street's children's theater. Yes, that's right. The developers and city think they have a shot at luring the venue away from Sutter's planned midtown development.

Michael Ault, executive director of the Downtown Sacramento Partnership, has heard about the proposal and says he's encouraged someone is pursuing a multibuilding, multicorner project at what he considers the "most challenging stretch of K street from a social and retail perspective."

"This is a chance to kick-start the momentum on the central part of K Street."

Last edited by sugit; May 3rd, 2005 at 06:44 PM.
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Old May 5th, 2005, 12:36 AM   #44
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Quote:
Originally Posted by enigma99a
Oh the 301 Capitol Mall towers are expected to start construction this October
WOOT. October.
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Old May 8th, 2005, 07:42 PM   #45
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This could be huge......




_________________________________________________________________
Hopes rise for K Street revitalization
By Terri Hardy -- Bee Staff Writer
Published 2:15 am PDT Sunday, May 8, 2005


Tired of a struggling K Street and weary of projects proposed then abandoned, city officials recently conceived an aggressive approach to kick-start redevelopment in the heart of Sacramento's downtown.
The city called for rehabilitation proposals for two areas of K Street and set a deadline of April 29. The three plans submitted offer a provocative array of options for the pedestrian mall, including a trendy bowling alley/lounge, ground-floor television studios open to pedestrian viewing, a supermarket, apartments and popular shops such as Z Gallerie.


As word of the proposals spreads, some downtown supporters said they are cautiously optimistic that, this time, the ideas may actually get built. The stakes, they say, are high.
"Downtown will never be successful until we turn around K Street," said Michael Ault, executive director of the Downtown Sacramento Partnership. "We've seen ideas like theaters and an arena fail; we've been through way too many stops and starts. This time, there seems to be more unified support in the business community, in the neighborhoods and within the City Council."

City Councilman Ray Tretheway, whose district includes K Street, agreed there is a "collective frustration" about the lack of progress along K Street, and the political will for real change.

"There's clearly a distinctive new attitude and a feeling of responsibility to make sure these projects get off the ground," Tretheway said.

Earlier this year, the city took a tough approach with the owners of the rundown businesses and empty lots along the 700 and 800 blocks of K Street. Property owners were given 90 days to produce viable plans. Sacramento officials said they were prepared to negotiate to buy the properties, and as a last resort, to take the sites through eminent domain.

The city also put out a general request for proposals for a city-owned building at 10th and K streets.

When the three proposals came back, city officials said they were pleasantly surprised.

"Not only did the proposals meet our requirements, some even went beyond what we'd asked for," Tretheway said.

Only one plan was submitted for 10th and K, a proposal from a development group led by David Taylor that envisions a media and entertainment district using all four corners of the intersection.

As proposed, the old Woolworth building on the southeast corner would house television studios for Channel 13 (KOVR) and UPN-31 (KMAX). Bruno Cohen, vice president and general manager for both stations, said it would be the local equivalent of "The Today Show's" positioning on Rockefeller Plaza.

Cohen said the building also could house all radio stations in the area owned by Infinity Radio and office space for 400 employees.

Other aspects of the 10th and K plan include a boutique hotel on the northwest corner and condos and apartments on the southwest corner in the space now occupied by Washington Mutual. A Lucky Strike bowling alley/lounge and a Randy Paragary restaurant are elements of the plan - but exact locations have yet to be finalized.

Taylor, who developed the Esquire Plaza, has expressed frustration at the city's inability to follow through with plans to make the east end of K Street an entertainment center.

An effort to put an art movie house in the old Woolworth building was scrapped by the City Council earlier this year when a citizens group said it could drive the Tower Theatre out of business. Taylor said few businesses draw foot traffic like a movie complex, but he believes the media center could create the synergy needed to attract development.

"What we've been missing is a large anchor tenant, a private corporate tenant," Taylor said. "We've struggled how the hell to get K Street done, and I think this accomplishes that."

Two development teams submitted proposals for rehabbing the 700 and 800 blocks of K Street.

One proposal, from a team of local developers and property owners, goes a step further. The project would extend to L Street and proposes putting a Nugget Market at the site of the current Greyhound bus terminal.

The partnership includes Mo Mohanna, John Lambeth and other area property owners, as well as local developer Evergreen Co. and residential builder Hank Fischer Properties. More than 50 percent of the property owners in the area are either part of the team or have agreed to sell their land to the group, said spokeswoman Tina Thomas.

Although members of the development team do not own the Greyhound depot, Thomas said they are attempting to negotiate with area property owners. Dan Benvenuti, owner of the Greyhound terminal, could not be reached for comment.

Under the proposal, retail space would line the ground floor along K, L, Seventh and Ninth streets, with a multistory apartment complex rising between K and L. Parking would be included but not visible, Thomas said.

The apartments would be built to condo standards, with the notion that some eventually would be available for sale.

The team will look for local and one-of-a-kind businesses to fill the retail space, Thomas said. The development team toured the area with the city's preservation director, and would try to preserve the facades of many of the old buildings along the 700 and 800 blocks.

The plan was conceived by a Portland architectural firm and has the same feel as that city's hip Pearl District, Thomas said.

"If we want to do something downtown, now is the time," Thomas said. "Westfield (owner of Downtown Plaza) is not looking so good and the area needs a real shot in the arm. We're excited and impatient to get started."

The other proposal for the area comes from Zeiden Properties, headed by Joe Zeiden, president the Gardena-based Z Gallerie home furnishings chain. Goldman Ltd. and The Corritore Company, a brokerage company for specialty stores, are helping Zeiden with leasing tenants.

The Zeiden plan focuses exclusively on retail and office space with the intent of preserving, or in some cases replicating, buildings with a two-story historical feel, Zeiden said.

"We did significant research in the city's historical archives and want to keep that flavor," Zeiden said. "It's important to the ambience of the street and the store itself."

Under this plan, Z Gallerie would move from Downtown Plaza into one of the historic storefronts. Zeiden said he's done similar projects in Old Pasadena, San Diego's Gaslamp District and Santa Monica's Third Street Promenade - all examples of successful redevelopment.

Zeiden said he has other interested tenants, but like the other teams, did not want to disclose details.

He chose not to include housing, saying he believes the historic feel of those two blocks dictates K Street should be preserved for retail.

Under the city's plan, a panel of four council members and three community members will review the proposals and make recommendations. The entire City Council is expected to make the final decision in late June or early July.

Even with the proposals in hand, city officials said they know there are major challenges in redeveloping K Street - among them, the historic preservation issues.

Preservationists have urged the council to establish specific criteria when reviewing the proposals as a way to protect the area's historic integrity, but the council chose not to add that language.

"We're going to have a tug-of-war over this," Tretheway said. "Should we leave the buildings intact and restored, compromised or taken out? We're not past that hurdle yet."





_________________________________________________________________

I not feeling the bowling alley idea. I'd rather have an art museum, like a Sac MOMA, or performing arts venue.

I like the idea of the TV station, if done right. Must have a view of all on-air people. That was an idea that ALMOST happened about 5-6 years ago with a start up station called Califonria Network, or something like that. But I must say, there is quite a differnce in attractivness between "The Today Show", and the local stations

If Infinity Radio does go there, that would be pretty funny walking by seeing Napier calling someone a "moron" through the window...haha
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Old May 11th, 2005, 02:59 AM   #46
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sent

my support of the west end proposal #8 (golden state) has been sent.

i proclaimed golden state to be a statement that will echo for over a hundred years... while the others just fall short.

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Old May 11th, 2005, 10:30 AM   #47
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Sacramento: An Illustration

i slapped this together to help illustrate the relative locations of these new developments.
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Old May 11th, 2005, 06:39 PM   #48
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dude, that is awesome, tenebrist

Welcome to the board.

Some news on The Towers. They went be before the council yesterday and nothing but positive comments from everyone. That makes me feel a heck of a lot better.

The want to break ground in August. They need to get the demo and escovation done before the rain starts. That seemed to be the biggest concern for them right now.

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Old May 12th, 2005, 02:05 AM   #49
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Looks like this won't help the skyline muc though, looks like most of the proposals are 1-2 story historic buildings, correct me if wrong?


I mean the development of K street
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Old May 13th, 2005, 12:38 AM   #50
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Another office tower proposed...

Tsakopoulos proposes 29-story office tower
Mike McCarthy
Staff writer
Developer Angelo G. Tsakopoulos announced Thursday that Tsakopoulos Investments is planning to build a 29-story, 430,000-square-foot high rise at 500 Capitol Mall.



The building would be topped by a replica of the Parthenon, the temple of Athena -- the ancient Greek goddess of wisdom -- set atop the Acropolis in Athens.

Tsakopoulos Investments includes George Tsakopoulos, Angelo G.'s father. George is the brother of land developer Angelo Tsakopoulos of AKT Development Corp.

The building itself, designed by Sacramento architect Edwin Kado, would be one of the more unusual pieces of local architecture. Its rival for historical reference would be the Sumerian Ziggurat design of the "ziggurat building" in West Sacramento, across from Old Sacramento. Kado also designed the ziggurat building.

Tsakopoulos Investments estimates that the building will be done in 2008. It would be financed by the developer in tandem with Bank of the West. It is available for lease and is being brokered by Greg Levi and Betty Diepenbrock of CB Richard Ellis.

The project is announced at a time when developer David Taylor is preparing to build an office tower at 7th Street and Capitol Mall. Taylor's building would likely be done about the same time, depending on how much pre-leasing he needs.

Although, the buildings may compete for tenants, it's inevitable that both will lease up, given that relatively few new downtown high-rise office buildings are built, said Dan Chamberlain, an office broker and downtown expert with Grubb & Ellis.

It is likely that one of the primary markets for the building will be downtown's legal community, he added.

The building would be named the "Parthenon," because the ancient building is a "timeless symbol of influence and authority," according to the developer's press release.
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Old May 13th, 2005, 09:29 AM   #51
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Thumbs up

cheers! capital mall is really developing. Nice to see some unique buildings coming to sacramento.
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Old May 13th, 2005, 06:31 PM   #52
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You wanted unique?

Here it is...I'm not feeling this one all that much.



Change on the horizon:
Reaction mixed to proposal for new office tower
By Jon Ortiz -- Bee Staff Writer

New York has the Empire State Building, and San Francisco has the Transamerica Pyramid. Sacramento has its Tower Bridge and the Wells Fargo Center, but soon the familiar skyline may be altered with a capital city version of the Parthenon.
Angelo G. Tsakopoulos, the nephew of developer Angelo K. Tsakopoulos, on Thursday unveiled plans for the Parthenon, a 29-story office tower at 500 Capitol Mall that would be capped with a scale replica of the Greek goddess Athena's temple. Angelo G. Tsakopoulos said the Parthenon's design is intended to honor his Greek forebears.

"As a family, we will cherish the building as a tribute to the perseverance and accomplishment of our parents, George and Drosoula Tsakopoulos," said Angelo G. Tsakopoulos in e-mail correspondence with The Bee on Thursday.

The Tsakopoulos family originally hailed from the Greek village of Rizai. Now in the United States for five decades, the family has made money in real estate and is well-known for involvement in Sacramento's Greek community and donations to charitable causes.

The 430,000-square-foot office building - which would be one of the city's tallest - would cost an estimated $105 million to $115 million. Tsakopoulos Investments, which includes Angelo G. and his father, George Tsakopoulos, would pay for the project, along with supplemental financing from San Francisco-based Bank of the West.

Initial reaction to the Parthenon building has been mixed. While Tsakopoulos Investments says Sacramento city planners "have expressed very strong support for the project" in initial talks, architect David Eisen called it "a very uncomfortable mix of boring and overbearing" when he was asked to assess a digital rendering of the building.

"This is the kind of kitschy proposal that might make sense in Disneyland or Las Vegas," said Eisen, a former architecture critic for the Boston Herald who was educated at Harvard Design School. "It is an insult to the people of Sacramento."

Eisen said that the proportions of the tower, its mix of modern and classic themes and its close proximity to the Capitol are all strikes against the design.

"It sends a very bad message to out-of-towners. It's like you have no faith in today or the future, so imitating the past is the only direction you can go," he concluded. "This proposal undermines the Capitol's architecture, appearing as if it is trying to one-up it."

Architect Edwin M. Kado, who designed the Parthenon building, said he heard the same talk about one of his signature projects, the ziggurat, a terraced pyramid along West Sacramento's waterfront.

When that building opened in 1998, one Sacramento designer called it "hyped-up architecture" that "verges on Las Vegas" and other people described as "gaudy" and "too touristy."

That talk has died down, Kado said. These days, the building is often featured as a civic symbol on nationally televised Kings games.

"Any worthy architecture needs to incite some interest and controversy," he said, "especially if you're going to create a memorable, distinctive building."

It's possible that Sacramento's skyline could have several distinctive new structures in a few years.

Developer John Saca is taking deposits from prospective tenants of twin 53-story condominium and hotel towers he's proposed for 301 Capitol Mall. Downtown construction mogul David Taylor is working to build an office tower, the so-called "Lot A" project, on the mall's 600 block.

And Denver-based BCN Development wants to construct a 38-story tower on the western portion of "Lot A" next to Taylor's parcel.

Architecture aside, the Parthenon would be built in a downtown market that has a daunting office vacancy rate of nearly 17 percent. Still, the downtown's net absorption - the change in occupied space - was a positive 91,074 square feet for the first quarter of 2005. Only 25,000 square feet of new offices are under construction, according to Cornish & Carey Commercial.

Workers near 500 Capitol Mall who saw a rendering of the Parthenon weighed in Thursday with mixed reviews.

Sacramentan Galen Scott, a security officer at an adjacent office building, said he would be happy to see the current abandoned building at 500 Capitol Mall torn down, calling it an eyesore and magnet for the homeless seeking cover at night.

"I'm glad to see something useful taking its place. It will blend in with everything," Scott said.

Almis Udrys, an auditor who lives downtown and works across from the proposed building, called the design a hybrid between classic and modern architecture. He would prefer to see the entire building designed with a single motif.

"I have no idea what I would call this," he said. "It looks kind of like, 'Oh, let's see if we can crown this with something funky-looking.' I think somebody would come to town and make fun of that, frankly. They would come to Sacramento and say somebody went off the deep end."

Not so, said Kado, architect of the Parthenon building.

"This building adheres to the city's building guidelines," he said. "It's in keeping with the scale of the area, and it's an appropriate piece to pay tribute to the Tsakopoulos family and their hard work. I don't see anything wrong with it."
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Old May 13th, 2005, 08:50 PM   #53
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its not that bad actually, dont forget that we need as many buildings as possible to make the skyline more dense.
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Old May 14th, 2005, 12:13 AM   #54
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Enjoy...







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Old May 14th, 2005, 12:34 AM   #55
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Quote:
Originally Posted by skyscraperHolic
its not that bad actually, dont forget that we need as many buildings as possible to make the skyline more dense.
I'm all for high-rises, but I still would like to see something that looks a little better.

If it has a strong ground floor retail/resturant presence and makes Capitol Mall that much more active at night and on weekend, I'll take it.

I just do not want to see another office tower on CM that rolls up the sidewalk at 5
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Old May 15th, 2005, 10:14 PM   #56
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K Street proposal updates..10th and K looks great.

http://www.cityofsacramento.org/econ...nity051105.pdf
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Old May 18th, 2005, 06:35 PM   #57
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Anther tower proposal...this is getting a little ridiculous

Bob Shallit: Landlord offers new sites for bus depot
relocation of downtown's troubled Greyhound bus terminal may finally be in the works.
Tower Development, which owns Greyhound's current depot site at Seventh and L streets, has identified four alternative sites for a terminal in different parts of town but isn't revealing the locations.

Our objective is to present them to the City Council within a few weeks and let them decide," says Daniel Collins, an exec with Tower, which has owned the Greyhound property for 18 years.
Collins says all potential sites are on land owned or controlled by Tower. And, he says, Tower intends to remain Greyhound's landlord. "Absolutely; they've been an excellent tenant," he says.

Could a move happen within a year? Collins believes that's possible, although the process could easily get complicated.

Greyhound, which has seven years remaining on its downtown lease, could object to the new site. Tower could seek a big subsidy for the new site, but owner Danny Benvenuti says right now he doesn't anticipate needing any financial assistance.

In addition, neighbors in the area of the new depot could protest, fearing that the assaults and public drunkenness that have plagued the downtown site could transfer to the new location.

Still, though plenty of issues remain unsettled, it's nice to see concrete steps being taken to relocate a facility many consider the biggest impediment to downtown redevelopment.


Tower's tower: If the Greyhound terminal is relocated, its old site could become home to a high-rise office, residential and real estate project.

Benvenuti says his company wants to build a 28-story, 240,000-square-foot building at the site.

He's commissioned a design from international architecture firm HOK. It's a modified version of an all-office tower that Benvenuti proposed to build there in the 1980s but then dropped when the economy softened.

Benvenuti says he's ready to submit his plans for the building. Just as soon as he finds a new home for Greyhound.
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Old May 18th, 2005, 10:03 PM   #58
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Keep em coming..this is just the begining!
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Old May 18th, 2005, 10:16 PM   #59
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I will be very suprised if we see even half of the 10 or so proposals that are out there right now go up in the next few years. It's going to be a race to see who can get the first few up. All these proposals are too much for the market to absorb in such a short time frame
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Old May 19th, 2005, 02:51 AM   #60
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Hey sugit, could you please explain something.

What exactly is the problem with building many towers at once? Does it cost city a lot of money or something?
Just wondering, thanks im kinda new to the whole build thing
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