Originally Posted by WhipperSnapper
Funny; I pulled a Caltrane. Should of read what I wrote those many months ago.
Originally Posted by WhipperSnapper View Post
I don't expect townhouses but, you're far too quick to assume residential. 75 million is a huge chunk of change and the profit from two Ice Towers would be completely gobbled by the purchase price. Expect a lot of office space; possibly just office space. Two 30 storey towers, 160 metres tall, with around a million square feet will pad their pockets for a lifetime. Towers with 400,000 to 700,000 shouldn't take long find tenants either.(in comparison to a tower of Bay Adelaide's specs)
I'm actually suggesting two ICE residential towers wouldn't be enough
Caltrane 0 for 500.
It's just too easy, fool!
All the speculation is this will be 3 towers.
Three 30 floor towers, for $25 mil more than the Menkes Lot plus the cost of the Menkes Office Tower? Your math logic will not win you this internet battle.
One Tower will be a minimum of 70 floors.
Menkes - $70 mill (2 x 70 floors and 30 floor office)
Pinnacle - $255 mil (1 Office Tower - $150 mil) and (3 Residential Towers at $105 million)