Quote:
Originally Posted by ChiHi
Isn't there some unwritten law that all towers on that section of Wacker Dr have to be approx the same height (650'-700')?
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Developers have this curious habit of wanting to maximize their profits, rather than creating an artistic composition of the skyline.
Somewhere around 50 stories, and 1 million sq ft on a quarter-block site is the sweet spot (in Chicago) that balances cost of construction, square footage lost to elevator core, time to opening, and ability to prelease to anchor tenants. If you go taller, the building gets more expensive and takes longer to deliver. Better to exit by selling to a REIT or pension fund, and move on to the next 50-story tower.