Quote Originally Posted by Huggybear View Post
What's the type of construction? That can limit height as well.

HB
High quality. This project is set to cost $40 million dollars. By comparison, Village Green only bought the Millender Apartments for $15 million.

Obviously, building more floors would cost more money and, as Detroiters might be refreshed to know, Statler City is three-quarters paid for by private lending with the rest from private equity.

http://www.crainsdetroit.com/article...artment-market