Quote:
Originally Posted by SOONERFALCON
I see how Miami, Austin, Houston, Chicago, NYC, and LA are all getting supertalls and Atlanta is settling on 20 to 35 story proposals. What is the reason behind it? This a growing metro area and with downtown, midtown, and buckhead, I would have expect to see something built now or in the future. The Opus 2 is taking forever.
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Opus 2 appears to be a real estate scam-- I'll believe it when I see it-- they paid somebody to dig a big hole to look like work had started. Now they need to pay someone to trim the weeds that have grown in the hole--
20-35 story buildings are a LOT easier to get financed-- there is just not demand for anything much taller right now. A fifty story office building would likely eat all office demand for a few years and nothing else would get built. A combo office, apartment, hotel might work, but that would be very hard to get financed in today's overly specialized market. Its a lot easier to gamble on filling up 15 floors of office space rather than 50, especially post Covid-19.