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| Civic Tower proposal in Sacramento 1989 |
The Civic Tower
North West corner of 10th & H Street
27 Story tower/ 370 ft
Architect James R. Loen
365.935 sq. ft.
9000 sq. ft. ground floor retail
490 parking spaces
Proposed 1989 and died in 1991 due the tight financing
forces and the Federal government mandate that banks cut back their real estate
lending as well as new pre-leasing requirements.
In late 1989 the Civic Tower was proposed at the corner of
10th & H Streets in downtown Sacramento. The project was a
27-stories office building with 356,935 sq. ft. of office space with 9,000 sq.
ft. of ground floor retail and 490 parking spaces. The proposals footprint was
.587 acres with the merging of four parcels into one. It was probably canceled
for similar reasons as other did during this time, slowing in economic growth
and credit shortages, which historically made large, high-rise development
projects difficult to finance. Back in the mid 1980’s, the laws changed when
financing proposed office buildings, before financing could be released for any
new construction office building, the barrower must have 60% of rentable
property pre-leased. Of course, if the proposal is self financed, it removes
the owner from having to meet any of these financial guidelines.
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| Civic Tower proposal in Sacramento 1989 |
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| Civic Tower proposal in Sacramento 1989 |
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| Civic Tower proposal in Sacramento 1989 |
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| Civic Tower proposal in Sacramento 1989 |
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| Civic Tower proposal in Sacramento 1989 |
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