Quote:
Originally Posted by TonyTone
Damn it Iheart you're supposed to just agree with me /s.
That could be true however new buildings are popping up everyday, I don't think demand is an issue, they could easily build some 700 foot scrapers and they would be filled up before the building is in the design element.
It could be zoning like you said.
All I know is the minute we start seeing taller buildings they won't stop being built.
|
Well, there's a difference in new building proposals, like we have been seeing of late. But, like some others have noted, that is to get it through the permitting process and the 10-year tax abatement benefit. Whether any of the recent proposals will actually get financed and be shovel ready remains an uncertainty. However, I think long term, as land gets eaten up and if we see a surge in demand for economic reasons, then residential and commercial developments will follow and the only way to go is higher up on these new builidings.