09-30-2019, 09:23 PM
(09-30-2019, 08:08 PM)taylortbb Wrote:(09-30-2019, 05:03 PM)Momo26 Wrote: Does anyone recall how much the downtown development exemption was? I think it ended like earlier this year or last year?
One of the sales reps said this played a role in the (bigger) price jump for this development.
Apparently developer is increasing the price by +5% as of today whilst they blast out more inventory :\
Development fees are about $30k-ish/unit I believe. Station Park was never in the area that had the fee exemption though.
Exactly. Of course they can use it as an excuse, but the development fee works out to only $25-50/sqft, and their price delta is much more than that (and they were never exempt anyway, as taylorbb says).