[ladsnine]

$18,000,000 / 57,500 square feet = $313/SF . That IS pretty high - not crazy, but a bit higher than I would expect from a developer project. He did talk about installing pretty high-end finishes and such, so perhaps that is reflected in the price? I'm sure the interior is in rough shape since it hasn't been heated for many years, so that probably adds cost. I wonder if he is going to put on a new cornice? Buffalo had a thing for removing them back in the 1940s.

Anyway, I agree - he needs to get on with it and put out a press release when construction is underway and not before.