Quote:
Originally Posted by Surrealplaces
Does the Hotel portion depend on the residential? I'd love to see a hotel go up in that location.
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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.
Quote:
Originally Posted by Calgarian
How many hotel rooms, and how many condos are they looking at building in ph 2?
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It is still too preliminary for a concrete number.
Quote:
Originally Posted by DizzyEdge
lets say you have 2 identical towers, except one is 20 floors, and the other is 40 floors. Also assume the 40 floor one only has the bottom 20 floors finished, the top 20 are just bare concrete, although all outside work (glazing, etc) is done. How much more did the taller tower cost? Just wondering in the case of Bokimon's suggestion how much more it would cost to build the full tower, but finish off the interiors of the residential at a later date.
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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.