Equilibria
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Purchase price is going to be based on the 400' ft height because the state can't control whether a zoning variance will be approved. I'm highly skeptical a zoning variance would fly here given proximity to Beacon Hill (even with a 600fter @ Congress a stone's throw away).
That logic would also have applied at Winthrop Square - we got a tall building and the City got lots of money. Same with the Commonwealth itself at 1000 Boylston (that project died for other reasons) There's also no reason that logic only applies to the Commonwealth selling land - wouldn't it also apply to private sellers? The whole City has an artificially suppressed height limit and land for tall buildings has been sold before. I doubt this is much of a problem.