Business Journal: New High-Rise In The Works

Share |
(Sacramento, CA)
Tuesday, May 9, 2006

The California Medical Association has teamed up with developers Mo Mohanna and John Lambeth to propose a 54-story building. It would have about 200 hotel rooms, another 280 condos, and office space. The site at 12th and J Streets is already under the new partnership’s control. The existing buildings would be leveled. 

The $250 million project wouldn’t come on line until two other condo towers are well along – Capital Towers, and the Aura building. Market forces prompting these condos include much higher land prices, tough commutes, and a belief by that downtown living would be rewarding.