Dac, you def cleared up a few things!
4.7msf is quite a lot, I've always wanted to know, would developers like Brookfield, build on this land with the typical 700ft glass towers or really make vie to max out the sq alotted? I imagine there is higher return on more conservative towers probably based on variables that you've mentioned before. Is there really a sort of financial height barrier, or sweet spot within the development community? Personally, I think that it was always short sighted not to max out the sq ft on a tower in NYC when, in the very long term it will be rented out.
__________________
"Architecture is the art of how to waste space"
- Phillip Johnson
“A doctor can bury his mistakes but an architect can only advise his clients to plant vines.”
- Frank Lloyd Wright
|