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  #16101  
Old Posted Today, 2:50 AM
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SolarWind SolarWind is offline
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  #16102  
Old Posted Today, 2:51 AM
LouisVanDerWright LouisVanDerWright is online now
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Guys, let's do some math here. A 25 story building with 190 units all for profit. Vs a 50 floor building with say 300 units (not going to double your density or FAR even if you double the height. It would get slimmer) with 30 "affordable" units. Assume each of those 30 units wipes out the profit of one other unit. So now we are talking about going through a zoning change with a bunch of other hoops to jump through so you can build (300-60=240, 240-190 is 50) 50 more units to a parcel. Is it really worth it? The marginal gain is miniscule.

Remember, those ARO units cost the same to construct as conventional units. It's probably not a 1 for 1 tradeoff and, well, some parts of town are now 15 or 20%. If I owned this property I would go for the slam dunk shorty over risking a bitch slap from Alderman Reilly for daring to propose a true highrise in THE original highrise district. Also remember that the taller you get, the less efficient the floor plans become, so not only do you only gain like 20% more units, you greatly increase the cost of ALL of the units by increasing the height.
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  #16103  
Old Posted Today, 2:51 AM
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  #16104  
Old Posted Today, 2:51 AM
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  #16105  
Old Posted Today, 2:52 AM
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