View Single Post
  #38  
Old Posted Jan 4, 2013, 8:59 PM
CdnEh CdnEh is offline
Registered User
 
Join Date: Jan 2012
Posts: 397
Quote:
Originally Posted by A325 View Post
I mentioned before that it is only going to be 2-3 stories.

There is an enormous cost savings to just have to build on top of a structure like this that would probably require minimal structural upgrading (I'm sure they have looked into the condition of the garage before they started). For one the land is free and all of the site work (excavation, foundations, etc) is already done. It took 351 and Fortis almost a year to complete their site work and millions of dollars.
Lets hope they did their homework in regard to the structure.

Building a new building on an already 40 year old structure seems pretty risky both strucurally and financially. I'd hate to see the lifespan of the hotel be cut short because the underlying structure has served out its useful life.
Reply With Quote