Quote:
Originally Posted by chris
Well what's the hold up with this proposed tower? Hasn't the residential market in Miami been heating up for the last few years now?
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The proportion of functionality has changed. This at one point had a sizable office component. A lot goes into the tower's risk assessment. Sometimes, even in places like NY, developers wait a little bit. For the right market conditions. Developers are all impacted by risk at different levels, so its not uniformed. Depends on capital resources, how many projects they have in the pipeline, budgets, ect..
But this is on the right track. A super tall is a big investment, and market conditions are not uniformed across all cities. What may be good in NY, may not work in Miami and sometimes waiting until the market is just right is key.