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Originally Posted by SJPhillyBoy
You are probably right that Opus will eventually build something there, but I have to question the release from them that you posted as being accurate.
The St. James tower at a height of 498 ft and 45 floors has 306 luxury units. So rough estimate, the St. James would have 7 units per floor.
In the release you posted, the Opus building is a 14-story building and is planned to contain 257 multi-family apartments, with an average unit size of 1,060 square-feet.
That would be 19 units per floor, plus they are going to jam in parking and retail somewhere. I have to question this release at least of not being accurate. That is jamming allot of units per floor on the footprint of that lot.
Also, as I have been saying, it would be a travesty to build anything shorter than 45 floors at that location, right in the middle of all of the tallest buildings in the city, in the central business district.
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I agree. It seems as though they inserted their condo plans into the press release without bothering to offer a reconfigured plan for this new rental. If they were smart, they would move ahead with the originally planned 39-level building as a rental to give the St. James some more competition. But construction costs only ever rise, so it's possible that a shorter, 12 to 18 month construction schedule for a midrise makes more sense for them numbers wise, as opposed to the usual 24 to 28 month schedule required to complete a 40-plus monster. But the info I received prior to the release on their website was directly from an Opus official, so we'll have to see what happens next.