Quote:
Originally Posted by LouisVanDerWright
The floorplates of the South Tower make no sense for office especially compared to the East Tower. This is Hines we are talking about. Does anyone really think they are going to hold a board meeting where everyone will sit down and say:
"Let's take the building that is 750' tall with 50,000 SF floorplates and make that condos. Then we can take the 1000' tall building with 30,000 SF floorplates and make it office. That way the office building can have a loss ratio of 20 or 25 % and the condos will be a tube with a little window at the end."
The developer is looking for the highest and best use for each program given the set parameters of the PD. They are not going to build them in a less profitable use let alone select and less profitable use for both buildings simply because office tenants would think 800' views were cool. The location of the South Tower is also less desirable than the East Tower because it is significantly less visible and accessible than the East Tower which you view it from a leasing perspective.
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Weren't the designs largely just rough outlines though? I was under the impression that the height and design (thus floorplate) for the South and East tower were not finalized.