 |
The estimated $500 million project is the biggest private development
to be built in downtown Sacramento and include two 54-story residential
towers with more than 800 condominiums. When completed they will
be the tallest buildings in Sacramento’s history, by over
200 feet, at a height of 615 feet (54 stories-last condo level).
It is located on the waterfront, near Old Sacramento and Downtown
Plaza, and just a few blocks from the Capitol, covering one city
block. Tower 1 comprises of hotel with 229 keys (hotel levels 1,
2, 3,11 through 21) with 343 condominium units on levels 22 -54.
Tower 2 comprises of 467 condominium units on levels 11 through
54.
The hotel operator InterContinental Hotel & Resorts, is better
known overseas than in the United States, InterContinental operates
hotels around the world, including the historic Le Grand Hotel
in Paris. The 4 star hotel will occupy space in tower one offering
every luxury feature and accommodating services possible. 24 hour
concierge and room service, valet service, 55,000 square feet of
high caliber retail (levels 1 and 2), a state of the art fitness
center (40,000 square feet on levels 10 and 11), world class spa
(12,000 square feet on level 10), secured parking with 1,160 stalls
on levels 3 through 9, heliports on both towers, podium rooftop
swimming pool, a gourmet market, fine and casual restaurants, designer
boutiques and a coffee bar are planned to offer travelers and residents
a variety of places to spend leisure time.
The first condos could open as early as summer 2008 with prices
ranging from $300,000 for a one bedroom unit of approximately 650
square feet to $6 million for a 6,000 square foot, double height
penthouse on the 54th floor. Pre-sales for Tower 1 completed with
90 sold in two days and pre-sales for Tower 2 to begin soon. More
than 500 condominium buyers have put down refundable deposits of
about $10,000 per unit and will be asked to drastically increase
those deposits and agree to make them nonrefundable.
The project is being designed by MulvannyG2 in Bellevue, Washington
and the Seattle office of Syska Hennessy is the consultant for
vertical transportation.
|
|
