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Originally Posted by The ATX
A site plan hasn't been filed, and they usually take a year or two to get approved for big projects.
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I wouldn't arbitrarily throw 1-2 years out there. I don't believe that is necessarily true. It depends on the overall complexity of the project - how detailed are the original plans (i.e., if the developer has all of his/her ducks-in-a-row when submitting the original plan to the city)? Additionally, it depends on it's location - is it being proposed in an area where it could be contentious?
Typically, the site plan process can take as little as 9 months on a tower project. Maybe 12 months depending on how many questions the city has and how quickly the developer answers said questions. I would agree...more complex and contentious project may take much longer to get approved (if approved at all).
Quote:
Originally Posted by The ATX
Even with no excavation for underground parking, I think two years to build this would be pushing it. Also, financing would need to be secured fairly soon.
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I agree. From start to delivery, this thing (as currently proposed) may take 30 or so months to build.
A construction facility does not necessarily need to be secured "soon." However, I'm pretty sure they are already working on that aspect of the project, should this proposal be a "real one."
Is Sutton still involved with this?