Quote:
Originally Posted by NYguy
When it comes to the supertalls, people and the media tend to focus so much on the so called "billionaire" supertalls. While those towers may be coming to a halt, at least temporarily, the new breed of supertalls - 45 Broad, 125 Greenwich, 9 DeKalb, CityView, 277 Cherry Street - are all supertall towers that aren't catering to the ultra luxury class, with some even providing affordable housing. It's just another evolution in the rise of the city's skyline.
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yep I dont think it will be economically to build 1500 footers for this market unless the state removes the residential FAR limit (which could happen by the end of summer). This would allow developers to build thicker towers taller and put more units in them which would allow them to sell the higher quantity of units at a lower price and reach this market range while building in the 450M+ range.
Developers would be able to maximize each lot. The basic premise for this is that does not cost 2X as much to build a 1500 foot 200x200 wide tower on a 220x220x lot as it does to build a 1500 foot 100x100.