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| Proposed Township Nine fully entitled river front mixed-use project for sale |
Colliers International is now promoting the bankruptcy sale of Township Nine and it’s 62-acre master planned community. With a majority if infrastructure completed with streets paved, sidewalks done, trees planted, and access to the bike trail on the American River. This site is ready to go vertical.
The site was planned to be home of 2,500 condos, office and
retail stores and restaurants, but in the end only the Cannery Plaza Apartments
were built. This project had so much potential, something tells me it will sit
vacant for a while even if the land is sold in the near future.
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| Township Nine Cannery Plaza Apartments |
The development was reported to be facing financial issues
for quite some time but this last June The Board that reviewed the Company’s financial
position found it was no longer able to pay its debts and needed to reorganize.
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