Capitol Club Tower developer Shawn Elliott said he has no timetable for beginning construction and may retool the project to use several floors for nonresidential use, such as office space. The project was originally envisioned as an 80-unit condominium development, but in this recession, he said, it may prove difficult to secure financing for a strictly residential development.
"We would like to do this as quickly as possible," Elliott said. "Whenever the time frame presents itself for a successful development, we'll move on that."