Quote:
Originally Posted by esquire
The funny thing is if Fortress had pitched a 25 storey condo building at the outset, there's a decent chance that they could have built it and cashed out by now.
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They wouldn't have made enough money with those high land costs. Unit costs would have to jump.
Quote:
Originally Posted by Urban recluse
That’s what I thought, but they had to go bigger based on the revenue they need after paying so much for the land???
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Yep.
SkyCity would have gone taller if they were convinced they could sell the units.
If 300 Main wasn't limited by existing foundations, they'd still cap it at 42 stories... because you can't be sure of just selling or leasing space in downtown Wpg... yet.