Quote:
Originally Posted by guesswho
And while $1.70 (max rent in this tower) may seem like a lot for KC, out of towners like me (from Chicago) will swoon to rent here as we're paying $3.50+/sq ft for a similar product.
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!?!?!?
Really? How on earth can they make the numbers work at that rate? Did they get the land for free or something? You can't make a new construction highrise in Chicago go for anything less than $2.50/SF AVERAGE or the returns just don't cover costs. Are construction costs significantly lower in KCMO?
Awesome to see a big project like this for KC, one of my favorite midwestern cities.