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Old Posted Dec 20, 2011, 10:19 PM
BrianTH BrianTH is offline
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Join Date: Jan 2010
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The market may change by the time they get to those parcels, but right now I suspect they would have a hard time finding someone willing to finance 25-30 floor buildings in that location. Note the Mellon Service Center is still huge--something like 750,000 square feet, about the same as Fifth Avenue Place (at 31 stories). Future Lower Hill office buildings are likely to have large footprints as well, so you'd really need to be able to fill an enormous amount of square footage to justify building high.
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