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Do you normally destroy things worth millions of dollars that still can do their basic function (house offices)?
by brianwawok 7y ago
Do you normally destroy things worth millions of dollars that still can do their basic function (house offices)?
- BerislavLopac 7y agoWell office buildings get torn down routinely; I would expect there to be a separate reason why 200m+ ones are not.
- pas 7y agoThe higher/bigger the building, the bigger you need to replace it with, thus it's a much bigger investment, than finding a lot with a smaller building on it. As a sibling post a bit up mentioned JP Morgan's 270 Park Av. building 215m and it's getting replaced, because in this case it wasn't easier to "just find a lot with a smaller building", which is probably very rare and rather recent (though once there were multi-storey buildings in place of every skyscraper in Manhattan) solution.