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Originally Posted by Mr Downtown
I wasn't aware that good design cost more than bad design. Do you have a price chart somewhere?
And why would a developer pay so much for land that he could only profit by building something three times bigger than what's allowed there?
Developers always say they just want to know what the rules are and they'll play by them. But in Chicago, they're so used to getting the rules changed for them that they make it part of their pro formas.
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It depends on your idea of "good design." If Sedler is talking about "world class architecture" as defined by requiring an architect like Gehry or Jahn, it's going to be one hell of an expensive building, because they will force expensive construction and expensive materials. And yes, an architect of that calibur is going to charge more money than somebody less known, while also causing the building to be more expensive than it might need to be.
A developer would want a taller building because more repetition is cause for more economy of scale and better production if a good contractor is building the building. Also, a taller building means more square footage, which means more to sell, which ought to equal more profit, assuming the developer is living within the realm of reality about what his building is actually going to cost him to build.