Tuesday, April 24, 2007

Still Waiting....

From the Sacramento Bee:

The developer of the proposed Aura Condominiums, still working out his financing for the downtown project, has asked for more time to purchase land for the job.

Developer Craig Nassi wants to build a 39-story luxury condominium tower at 601 Capitol Mall but does not own the property. He had until Friday to exercise his option to buy the land.

The owner of the site, developer David Taylor, said Monday that Nassi has asked for an extension. Before that request is granted, Taylor said, he wants to speak with Nassi's lenders and equity partners this week.
Hat tip: Gywn

2 comments:

Patient Renter said...

Kely: No ads here, please. At least use a grammar checker.

Cool Pants Dude said...

Nassi couldn't build a 4 ft cardboard box with 1 million dollars.....I say dump this guy and redevelop his trailer