So is this saying that the reason affordable residential high-rises can't be built in LA is because of the seismic requirements?
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Land and labor costs and building and planning codes
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These seem really low right
@VamonosLA? -
No one is selling 1,000 SF condos for $400k in downtown LA for sure. I'm thinking in recent buildings downtown you're talking $600-700/SF.
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What provisions are driving this up? Can we change them?
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I would like this author to show me any city in the US where downtown condo towers are NOT built for the "luxury" market
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And I do not think they are really building in LA for those prices
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He's right that high amounts of structured parking add to costs though.
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Archs also don't always know the real construction cost (depending on the contract)
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