Quote:
Originally Posted by mikevbar1
Slightly unrelated, does anyone know if the height limit negatively affects margins for development? Ie, if you can only build to 30 floors, certain projects don’t pencil, like this. I’m trying to understand if the notion that the height limit will distribute development across the city actually holds water, because “excessive” height like this seems to just be a reflection of a sites value and needed ROI.
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It absolutely affects margins. The taller a building is the more profitable it is. Simple as that. That's why these developers are always trying to go for the max height they can. I've heard the argument in the forum before that a taller building in some scenarios actually cost more to build per square foot than a shorter one, it's not true.
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