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Old Posted Dec 13, 2015, 1:44 PM
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arkitekte arkitekte is offline
Join Date: Mar 2010
Location: San Antonio, TX
Posts: 2,559
Originally Posted by WorldTexas View Post
Did construction costs go up? were those anamolies? ... Ideas?
1. Stick frame construction at 4 or 5 stories is cheaper than 15 or 20 stories of concrete or steel.
2. It's much easier to finance apartments.
3. There's a proven market for apartments in Downtown, River North, Southtown in this exact form (Want to develop a property? Do what everyone else has done. Banks will easily finance that.)
4. The market isn't available for high rise condo living in San Antonio.
I built it ground up. You bought it renovated.
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