Quote:
Originally Posted by Nunya
The rumors I've heard are that the developer is planning on doing a podium style building (wood over PT) on the full block and are hoping to do a 'tower' on the smaller block. I think the podium is a definite go, but the 'tower' isn't a sure thing.
Note: 'tower' was the words someone else said, not mine, I can't recall any specifics, but I don't think it was more than 10-15 stories at the most, which is probably in the height range mentioned.
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I studied it for one of the 15-20 or so suitors that made offers on the land. One was just this format, with a 5/1 on the full block and a smallish (maybe 15 stories) 'tower' on the half block.
The 5 over 1 option on the full block leaves a bunch of FAR on the table, and at close to 20 million dollars for the land (1.5 blocks) plus demolition cost its a bit surprising they are not thinking taller on the big block, as you can go to 300 feet there with housing bonus.
But current construction cost would be pretty high, so you'd have to do a Cosmopolitan... or a baby Park Avenue West, which the neighborhood is probably not ready for, economically.