[StoOgE]

This development looks like a temporary endeavor.

My guess is they think the property is worth something long term, either for themselves or someone else and want to sell it.

In the meantime, throw up something relatively cheap to build and get some income on the property while you wait to do something else with it.

That said, I would prefer they build a nice base structure that could support a 800-1000 foot tower, giving themselves flexibility in the future to build on top of the base. Similar to what is going on at 3WTC now.

That said, this is a much cheaper short-term investment, and it may be that they want to sell the site in the future to someone else.