Per a study I was part of last year: Bruce Percelay/The Mt. Vernon Company, purchased 60 Brainerd Rd. in Allston from Leggat McCall a few years back. According to Mt. Vernon, Leggat had tried to develop the site, but was unable to. One of their difficulties was that Leggat had proposed a 6 story building - according to Mt. Vernon, Boston required steel at six stories. That could be wrong - but I'm fairly certain that was their story. What I do know for sure, is that when Bruce purchased the property he quickly proposed a 5 story building - which was approved and built of wood at a significant cost savings. Same idea as jpdivola's
Quote:
Thus going from, say, a six-story building to seven stories only increases the available square footage by 16.7%, but increases construction costs by 46.3%.
see property here:
https://www.google.com/maps/@42.347...!1e1!3m2!1s29yDg3X9eWvsy4Ruuh2S3g!2e0!6m1!1e1
His property, and the next several that he built in this neighborhood, the "Green District" were all built w/steel on the 1st floor and wood the rest of the way up.
Quote:
Thus going from, say, a six-story building to seven stories only increases the available square footage by 16.7%, but increases construction costs by 46.3%.
see property here:
https://www.google.com/maps/@42.347...!1e1!3m2!1s29yDg3X9eWvsy4Ruuh2S3g!2e0!6m1!1e1
His property, and the next several that he built in this neighborhood, the "Green District" were all built w/steel on the 1st floor and wood the rest of the way up.