Quote:
Originally Posted by bhawk66
Economics: worse - higher costs to offset massing, post construction as well/maintenance
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Private outdoor spaces and terraces add a lot of value that is captured in higher rents.
Apartments rent for more if they have a pool deck, hotels can charge more, and even office tenants now see value in outdoor spaces.
Also not sure you really do have higher costs, so long as you can carry your loads to grade and you don't need to rely on cantilevers or transfer beams. There's some cost to waterproofing and thermalizing the terrace area, but this is small compared to the value that is added with usable outdoor space (ymmv of course).
All downtown towers end up as some form of tower on podium, because parking areas need to fill the lot for efficiency while towers want to step back from the lot lines for natural light and views. In the cases where it isn't a tower on a podium, it's because they elected not to do parking, or because they simply pushed the podium underground.