Quote:
Originally Posted by airhero
Is this the same site Pelorus Group was going to develop before things went south for them? I heard it was going to be another Moda apartment building.
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Not sure, I missed that one but it's not a MODA. Different group. Quote was 12-16 stories. It's in new hands and they need to get the height to pay the price. Amazing how that works. All this belly-aching about the lack of high rise development we are seeing and the market goes out and demands higher density and height! Downtown dirt is now too expensive to do stick frame because stick frame can't support height. Only concrete or steel at that point. But height can't happen until rents demand that because concrete and steel are expensive. etc etc. Our current state of infill building in SLC proper is doing the job we need it to do, which is to consume land.