[Suiram]

Tend to agree with TUP that large-scale master-developer type developments wind up being bad urban form even if they are profitable and safe for the developers.

But this seems like a somewhat better option as its generally forced to integrate into the street grid.

Where I disagree with TUP is the idea that this is a binary project like a high rise where itll happen or not happen. It "happening" will likely involve 20+ years of development with multiple design revisions and multiple other developers coming in or partnering on specific towers. If they really are aiming to do more than just a bunch of apartments, it will be slower, but once they've established some of the amenities and infrastructure along with a few starter towers, they should be able to extract quite a bit of a value from other developers and spread their risk.