Quote:
Originally Posted by Nite
Developers aren't doing it for altruism, but generally a tall development means more potential profit and more can be spent on material and design as a result.
When a tower is shortend, it means less profits and cost have to be cut through the project to have a same rate of return and it leads to worst materials and worst designs.
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Developers charge more for higher floors but there's additional time and costs to build more floors on a building. A 30 FSI development will generate more income than a 15 FSI development. However, a 30 storey building at 15 FSI will make less than a 15 storey at 15 FSI except in the most extreme circumstance. (like building in downtown Toronto)
The tall building aficionados love to make the point that the taller you build, the more you build, you more units you can sell will resolve the affordable housing crunch but, it's hardly the case. Just look at the average price points between an 80, a 50 and, a 30 storey tower in the same area. It's in part to no one builds an 80 storey condo unless they have to build it to prevent bankruptcy.