Towers on Capitol Mall, Skyscraper project in Downtown Sacramento, US.

Towers on Capitol Mall is a skyscraper project in Downtown Sacramento designed as twin 53-story buildings reaching 615 feet (188 meters) in height. The development would have included 804 condominiums, a 200-room InterContinental Hotel, and retail spaces for international luxury brands.

The project stalled on January 7, 2007, when liens totalling $7.3 million were filed against developer John Saca. CalPERS and Deutsche Bank had been the main financial backers, and their conditions led to the collapse. CalPERS then teamed up with Los Angeles-based CIM to develop the block as a smaller hotel, condominium and office project reusing the 2006 foundation piles.

The site at 301 Capitol Mall was once home to the Sacramento Union newspaper. Plans called for ground-floor retail rumoured to include Gucci, Prada, Kenneth Cole and Tiffany & Co., alongside 804 condominiums and a 200-room InterContinental Hotel. Buyers' deposits sat in a money market-style account from early 2006 and were returned by First American Title Company after sales ceased.

The site sits near Tower Bridge at the eastern edge of Downtown Sacramento and is accessible on foot. The lot remains open and visible, showing the foundation piles that were installed in 2006 and stand ready for potential future construction.

The foundation piles remain visible on the lot, showing underground work that never progressed beyond ground level. Visitors can see this rare example of incomplete infrastructure that has been waiting for nearly two decades.