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Old Posted Jul 7, 2019, 9:42 PM
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chris08876 chris08876 is online now
ψ Sailor of the Mind ψ
Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 35,796
Combination of land value per sq-ft, construction costs per sq-ft, materials, union labor which is very expensive, logistics, and all of the legal aspects of getting a projects from fruition to inception. Both soft/hard costs, which in NYC, precisely Manhattan, is ludicrous, especially when going modern with Class-A amenities and features. This also required substantial foundation work. It all adds up which one could say its location and topography is also a factor in the cost equation.
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