Quote:
Originally Posted by mello
300 dollars per sq. foot?? What are you talking about? I thought that it costs 300 dollars per foot to build these high rise units so how could they sell for that?
I'm not seeing where any profit could be made by selling them at that price. Or were you talking about construction costs? Thanks.
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it is the old 'end of the world' real estate talk. We will see. Average price/sqft in Downtown is in the mid-500's right now... to go to $300 would be quite a drop. But what do I know... about as much as anyone else.
We will see how the development community deals with a much longer sales cycle. Hey it took the Meridian 10 years to sell out.
BTW, just my humble opinion, but compared to other urban areas, $500 foot is a bargain.