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And if you built even a conservative 5 story building, it would generate significantly more value.
by dntrkv 4y ago
And if you built even a conservative 5 story building, it would generate significantly more value.
- Retric 4y agoValue possibly, profit not necessarily. Put another way if building a 5 story building would be obviously more profitable then they would do that but the opportunity costs is now 1+ million per year you aren’t getting from the parking business.
- TimPC 4y agoNot clear. Plenty of people will forgo selling land to a developer who wants to build a five story building in order to wait for the premium that comes from the developer who wants to build a 50 story building.