Originally Posted by LeftCoaster
Yes it does. Not only is what subrubanite said more or less true, but there are often distinct contracts and agreements in place between the developer, hotel operator and strata that make building the hotel and residences in phases difficult or impossible.
It is still too preliminary for a concrete number.
A lot of the cost would still be there as the structure and glazing (the city would never let you leave an unfinished Pyongyang-esque concrete structure in the skyline) account for a very large chunk of the cost.
There really is very little reason to build in this fashion, and due to the reasons I just mentioned in response to Surrealplaces question it is often not even an option.
Sometimes it is viable to vertically phase a project in two distinct phases (Blue Cross building in Chicago, Bentall 5 in Vancouver) but even that is a difficult prospect to make economic sense of.
Thanks, I wasn't sure if it was feasible. but was curious nonetheless.