Quote:
Originally Posted by MadhattersLT
Not to be that “I wish it was taller” guy but why does it seem that with a lot of Philly Projects (with a few exceptions) height from the original proposal is always slashed with the final product. You look at other cities and there are 500+ foot towers going up. I know we have the one on broad street possibly eclipsing that mark but, it seems we get the 200-300 foot towers when there is clearly a demand for units. That proposal on the riteaid site is embarrassing and made me go back and look at a lot of projects that have been built. Just curious, like is it a price vs return on investment thing or maybe dealing with approval from the city???
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I can only assume that past a certain height the developers decide the additional income from additional units that a taller building would give them is not worth the risk, because of added costs. At some point the whole structure has to become stronger, there needs to be an additional elevator added, the build takes longer, and so on.
No idea why first proposals often lose floor count. Are they trying to fool someone or create buzz about a project that won't be done for 3 years?
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