Quote:
Originally Posted by hereinaustin
Is there some sort of local ordinance, lending issue, construction cost issue, or something else that keeps so many of our buildings around 400'? In other words, why are developers finding it unprofitable to go taller in our market?
My guess is it has something do with land cost being relatively cheap, lenders and city ordinances requiring parking minimums and FAR ratios, and perhaps not enough demand for density from consumers.
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According to Kevin Burns, there is a fire code regulation that significantly increases expenses when the building goes above that height. This is through one of my coworkers when he made the remark about similar height buildings (this was pre-Independent).
I would be interested if others had insight into the fire code for these taller structures.
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