Quote:
Originally Posted by logan5
I would think that if a developer is willing to build a 80 story tower, then that must be optimal. If a 55 story building has the best profit margin, why build anything else?
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I think a tower up to something in the mid 50 storeys is probably the most profitable, in our market, but not 80. If it's true, why aren't there any 80 storey towers built yet? Only one has been proposed so far in Burnaby. At the Amazing Brentwood the rezoning permitted up to 70 storeys, and they actually built 56, and the remaining towers are the same height, or shorter.
The tallest at Concord Brentwood is also 55 storeys too, but the rest are 50, and 38 and 27 storeys. Presumably those are all profitable too. SoLo's tallest is 52, the other three are shorter. Station Square was rezoned up to 57 floors, but the tallest is also 52, and the other four are shorter.
Although they are going to 65 storeys (for one of the eight towers) at Concord Metrotown - the remainder are all shorter, and the shortest is only 33 storeys. There's one 64 floor tower in the first phase at Gilmore Place - the others are all shorter. There's a possible 73 storey in the second phase, but again, the others are shorter.