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Old Posted May 25, 2017, 7:38 PM
Ned.B Ned.B is offline
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Join Date: Nov 2013
Posts: 609
One thing to keep in mind with the Headhouse addition is that the economics most likely do not work for replicating the limestone exterior. The types of uses here are just not going to be big enough money makers. Luxury condos or apartments don't work because the addition is structurally limited to 12-15 floors. The views aren't all that spectacular and the entrances aren't exclusive enough. Office is a no go because of how shallow the lease spans are and complications with elevatoring, etc. Therefore a developer is limited to either precast or cast in place facsimile, or substituting a less expensive modern aesthetic. It's a very complex problem.

Part of the reason that we haven't been seeing the same daring architecture as New York and Europe is that it isn't economically feasible. There, people will pay big bucks for unique residences and office space. Here: not so much.