Quotes That Won't Quit - What People are Saying in the Press
(and Otherwise!)
"Worst Building, Editors' Choice - Anything from BCN Development. If developer Craig Nassi stays true to form, his new Beauvallon, on Ninth Avenue and Lincoln Street, may be the worst building in Denver in just another year or so. For now, the least appropriate to the Triangle neighborhood, most clumsily detailed, and outrageously priced piles in Denver have to be the Prado and its ugly stepsister the Belvedere Tower." - 5280 Magazine, June/July 2003, Top of the Town 2003 Worst Stuff.
"Nassi on the other hand has been criticized for buildings that look nice on the outside but are built on the cheap. Not so Nassi contends, he relies on industry-standard fixtures to please the mid-level buyer. "My high-end clients are going to customize their units anyway so why should I invest in fancy fixtures they're going to change to suit their taste? You know, you can buy a pair of shoes for $200 or you can spend $1,000. I'm not going to spend $1,000 on shoes for someone I've never met." Article by Rebecca Landwehr, 5280 Magazine, September, 2002.
“Overruns Plague Palladio”, ZACK HALL, RENO GAZETTE-JOURNAL, Posted: 11/11/2006:
The developers of the Palladio condominium tower are no longer in control of the downtown project because of cost overruns and delays with construction, according to Washoe District Court documents. Palladio LLC partners -- Denver-based developer BCN Development and Royce Capital Advisors Inc. -- and lender Merrill Lynch Capital filed a joint petition for a receiver that was granted by the court Nov. 3, according to the documents. David Clark, co-founder of Sparks-based Clark & Sullivan Constructors Inc., was appointed Nov. 3 by the court as a receiver for the project, putting him in charge of the remaining construction and leasing on behalf of the parties.” Read entire article
here.
“Aura Condos Look Doomed”, R.E. Graswich, Sacramento Magazine blog, Posted: July 30, 2007:
“The people who know won’t say this officially quite yet, but a second big condo dream on Capitol mall is poised for the trash heap…Nothing is happening on the West side of the block, where Aura is supposed to rise. Well, almost nothing, unless you count paving a parking lot atop the Aura footprint as something.” Read the entire article
here.
“Nassi out of condo project in Denver: Trademark steps in”, Sacramento Business Journal – April 20, 2007 by Paula Moore, Denver Business Journal: Trademark CM Corp. has taken over construction of a Craig Nassi condominium project in Denver. The move comes at the same time Nassi is working through obstacles to the construction of his planned Aura condo tower in downtown Sacramento. Nassi and his company, BCN Development LLC of Denver, planned to build an “affordable” condo property with upscale services on this site. Nassi didn’t return the Denver Business Journal’s phone calls for comment.” Read the entire article
here.
“Developer snaps up remaining River Oaks high-rise condos”, Houston Business Journal, April 6, 2007 by Jennifer Dawson Houston Business Journal: A condominium developer that tried unsuccessfully to build a high-rise in Houston several years ago, now has sky-high units to offer after purchasing all the remaining condos for sale in the 33-story Royalton at River Oaks. Original developer Simmons Vedder & Co. ultimately sold the residential tower to Denver-based BCN Development in January 2005 for $225 per square foot. Principals Craig Nassi and Laurence Hallier of BCN Development were able to sell 167 units, or two-thirds of the building’s residences, before getting out of the deal last week…”It’s a textbook case of someone from out of town over-estimating the high-rise demand in the Houston Market,” Personette says.” Read the entire article
here.
There is also a significant number of public-record blogs viewable on the internet – search “bewarecn” for those, or click
here to search Google.
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