Posted Jul 27, 2016, 4:28 PM
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Registered User
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Join Date: Aug 2014
Location: Tucson, AZ
Posts: 268
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Something to remember with all the talk about taller buildings: Tall buildings require bigger foundations and more expensive support structures. That increases the expense of the project and usually makes projects impossible to finance.
A developer can seek funding for a 30 story building at a cost of $125 Million with a projected ROI of 20 years. Or he/she can reduce the height to 5 stories, not require a steel base or large foundation, reduce the cost to $15 million and have a projected ROI in 5 years. Easier to get funding for the second option.
That is why most of the buildings are staying 6 floors or less - my assumption anyway.
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