Re: Re: Docklands/IFSC, the DDDA & Frank McDonald

Home Forums Ireland Docklands/IFSC, the DDDA Re: Re: Docklands/IFSC, the DDDA & Frank McDonald

#748477
jimg
Participant

@Diaspora wrote:

A little injection of reality,

All decent spec commercial development is marginal between 8-10 storeys
All decent spec commercial development produces at a negative value above 11 storeys
This is assuming rental values of 450-520 euro per square metre.

Where do these numbers come from? How is it even possible to make these generalisations?

Surely the price of the land is a massive factor? An acre of development land in the right part of Manhattan would cost billions so it makes sense to build 40 story apartment blocks, while an acre on the outskirts of Navan relatively speaking costs feck all and so three bed semi-ds make more sense. Even though adding 10 stories to a 10 story building may treble the cost of the building, it could still be cheaper than paying for a second plot of land to build two 10 story buildings — depending on the cost of the land, obviously.

As far as I know, the DDDA actively capped the height of all buildings in the area. The resulting mess is due to DDDA policy and not to free market forces.

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