Quote:
Originally Posted by Via Chicago
sure but zoning can influence what gets developed where. this plot should not be zoned the way it is given the existing transit realities.
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Right. I'm just saying it's more complicated. I don't know why people think vacant land equates to "nobody owns it" or even that the land owners aren't greedy too. Or that they want to even sell in the first place.
Someone with a lot of money might not even care about this anyway. If you are investing $1B in a huge new development and need to attract some tenants who can and will pay the leases equating to 10,000 total office jobs, then location is going to matter depending on which companies you are trying to attract. This could mean buying buildings, re-zoning, tearing them down, doing all the tests necessary, etc. If you are spending $1B, then even if all that costs an extra $50M, in the end it might be better for getting what you want out of your development.
I do wish that these things would pop up along the Green Line somewhere but let's think about it beyond those things and in the mind of a developer trying to attract 10,000 new office jobs and 10,000 probably "luxury" (market rate or higher) residences.
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