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comment by kleinbl00
kleinbl00  ·  2795 days ago  ·  link  ·    ·  parent  ·  post: And here's why there's no affordable housing in your city.

We were looking at developing a literal hole in the ground. Burned down in 2011. Were going to replace the charred remains of medical/dental with a 3-story medical-dental with a townhome on top.

We're paying about $72/sf in TI just to build out an existing space and we're getting off cheap. Building the structure would have been about $300/sf... plus the land and all the rest.