Quote:
Originally Posted by ConstructStudent
The project will be one tower approximately 599'6". Glass facade and a podium that is shaped like a L. Two separate entrance's for condos and apartments. That's all I can say at this time.
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I'm dying to know more but will ask you only one - seemingly innocuous - question, really just to confirm an assumption:
The current design assumes demolition of all existing structures on site, right?
Assuming this is true, Southern is really stacking the deck against themselves. First, they want to demolish historically protected buildings and now they want to build something that's a more than 200 ft taller than anything else in the vicinity. (The former, I'm iffy about and the latter I'm very pleased with)
No way the community will just roll over. Remember 10 Rittenhouse? Will preserving the existing historic structures be enough of a compromise to allow Southern to build 600 feet? I would hate to see the compromise go the other way....
From a developer point of view, any guesses as to what is valued more? The revenue from building taller (more units) or the cost to preserve historic buildings and potentially redesign the building?