Quote:
Originally Posted by LeftCoaster
Yes they may build this on spec, but no the previous spec building (EAP) was not successful.
This one may begin now but it is a long way away since the parking requirements of it are somewhat astronomical they will be digging for a while.
The higher parking requirement also adds to the cost of the building substantially so they will need a tenant willing to pay somewhat higher rents then expected, which may take a while to find and therefore influence their decision to go on spec or wait for preleasing. I'll try and keep this thread up to date on what I hear.
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I'm not sure I understand your logic on why EAP was not successful, built on spec and now fully leased (as I understand it to be) and what specific parking requirements are your referring to that would be any different from other highrise projects, that would "add to the cost of the building" therefore requiring higher rents.
