AmericanFolkLegend
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Yes it is a stick built structure and wood structures of that size have significant challenges. IBC allows for structures of this size with appropriate fire rated assemblies and full sprinkler coverage. Construction costs are still lower with wood than other materials largely on a labor basis.
Isn't wood frame cheaper on a materials basis not a labor basis? Done correctly steel beams/columns arrive on site the correct size and only need to be welded/bolted together. Lumber needs to be cut to size on site.