Heller, other developers talk strategies as funding challenges reshape project timelines
With many developers taking a pause amid high construction costs, Mike Heller of Heller Pacific at a Bisnow event Tuesday in Sacramento said he was underway on construction for adaptive reuse project The Diggs in Downtown Sacramento.
Challenges in costs, and particularly putting together a funding package, have many multifamily developers thinking long term, members on two panel discussions at an event in Sacramento said Tuesday.
Not all of them, though. Mike Heller of Heller Pacific told the audience his adaptive reuse project of a Downtown Sacramento office building, called the Diggs, should be completed in about a year.