Quote:
Originally Posted by iNfill
This guy really sucks.
He has the lot valued at $27.5M. I'm not an expert on real estate, but that seems extremely high. Especially since his lot on 17th, which doesn't have a height limit, sold for $10M less...and this guy use to preach about affordable living.
I bet they could get the greyhound station for less.
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$27.5mm for a site with that density isn't crazy. On 1,300 units, that's only $21k per unit, super cheap for downtown Denver. The problem in this instance wasn't Buzz Geller, it was a joke of a developer (not because they can't develop, but because not just anybody can build skyscrapers). Townhome entitlements in Louisville are just a tad different than wind sheer, vortex, and pressurized building systems for high rises. Comical that dude thought he could build a skyscraper. Comical Buzz gave him a contract.