Posted Jul 10, 2015, 2:54 PM
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Registered User
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Join Date: Nov 2012
Posts: 249
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Is there some sort of local ordinance, lending issue, construction cost issue, or something else that keeps so many of our buildings around 400'? In other words, why are developers finding it unprofitable to go taller in our market?
My guess is it has something do with land cost being relatively cheap, lenders and city ordinances requiring parking minimums and FAR ratios, and perhaps not enough demand for density from consumers.
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