Quote:
Originally Posted by Chi_Coruscant
http://www.chicagotribune.com/business/chi-0702010172feb01,0,525125.story?coll=chi-business-hed
6-tower project planned
$750 million residential complex set for area that housed Kinzie Station
The project would include a one-acre public park, walkways and five outdoor swimming pools, among other amenities.
With the rising cost of building materials and labor, condominium high-rises can cost around $400 a square foot to develop and rentals about $300, much more than the approximately $200 per square foot to purchase some existing multifamily properties, Andren said.
|
"Walkways" meaning what? Sidewalks? And FIVE "swimming pools", or rather "water features suitable for human immersion"? One *real* swimming pool would be better...
Can anyone closer to the trade comment on the $300-400 figure? If this keeps rising, it's bad news.