Business Journal: Another Condo High Rise Planned


Share |
(Sacramento, CA)
Wednesday, December 21, 2005

Developer John Saca has cleared the site for The Towers on Capitol Mall, his posh condo project in downtown Sacramento with an average cost of $600,000 per unit. But now he’s working on an affordable alternative. 

The Metropolitan is his new project, for 10th and J Streets. It would have 320 units. Saca ventures that some units could cost $300,000. Penthouses might be a million.

Whether there’s enough demand in a slowing real estate market for the many condo projects proposed for the city remains to be seen. The Metropolitan would conceivably break ground in a year, if city signoffs come in on schedule.