Luxury condos get go ahead
April 5, 2006
• Could transform Sacramento’s skyline
• Two projects plan three high-rise towers
BCN's proposed "Aura" condo tower planned for downtown Sacramento. (BCN rendering)
Rival high-rise condominium projects which could transform the skyline of Sacramento, say they have gotten the needed approval from the state Department of Real Estate to begin the sales process.
BCN Development LLC of Denver, is planning a 38-story tower designed by internationally acclaimed architect Daniel Libeskind.
The second – and much larger project – is a two-tower, 53-story condo with an InterContinental Hotel planned by Sacramento developer John Saca.
Both would be within a stroll – or short limo ride – from the halls of the state Capitol.
BCN says it will begin taking nonrefundable deposits this weekend on its 258 condos. Prices will range between $400,000 and $1.5 million.
The Saca project’s developers say they plan to wait until construction has begun before selling their condos.
When completed, the Saca buildings will be the tallest in the Central Valley and the tallest buildings, aside from those in San Francisco, between Portland, Ore., and Los Angeles.