I'd also watch smaller plots not encumbered by a CVC. To max property value, those smaller sites will really be pushed to go tall. On larger sites there are more options on design/height which could still meet desired margins. What I'm saying is that the size of the property does not always equate/correspond to the eventual height of a development on said property.
New York has several prime examples. It's astonishing what someone can put on such a tiny lot. Central Park Tower (aka The Nordstrom Tower) sits on a plot smaller than the post office and it's rising to 1500'. There are also several office towers being constructed/developed which also lie on lots smaller than the post office and rise to more than 1000'.
It's pretty cool to see all of those point towers! The engineering of skyscrapers these days is amazing!
__________________
AUSTIN (City): 974,447 +1.30% - '20-'22 | AUSTIN MSA (5 counties): 2,473,275 +8.32% - '20-'23
SAN ANTONIO (City): 1,472,909 +2.69% - '20-'22 | SAN ANTONIO MSA (8 counties): 2,703,999 +5.70% - '20-'23
AUS-SAT REGION (MSAs/13 counties): 5,177,274 +6.94% - '20-'23 | *SRC: US Census*
|