05-15-2018, 01:44 PM
(05-14-2018, 08:23 PM)Pheidippides Wrote: My first though is that this literally sticks out like a sore thumb, but then I remember that almost directly across the street already has a 12(?) story building.
Why are there so many larger tower developments and so few mid-sized developments (Red, Cortes, 42)? Is it not economically viable with the zoning/parking restrictions? I'd much rather see 3 buildings of 6 stories each all along King than 1 tall one.
Perhaps knowing the push back they'd get they have purposely asked for more so the have room to "compromise" and get what they really want?
If I had to guess I'd be thinking that given the purchase price they're just taking advantage of the zoning to maximize profit.
While I'm not in real estate, does it not make sense that a property already zoned for 25 floors would fetch a higher price than one zoned for 6?