Has anyone ever proposed a 1,000 footer on either side of ring rd? That's the only spot imo that a building that size would ever fit in. Either on top of lord and Taylor, star market, saks, or Cali pizza kitchen.
You can make a technical argument that Boston has the demand for a supertall. However, i don't know if the numbers work. Since 1971 when the JHT topped out, we've built our tall office towers in the 36-46 story range. Someone with whom i put faith, said recently, that it was determined some time ago that 60-65 stories is close to the limit for Boston. Our recent condo towers are near those limits – but, building over 60 stories gets more expensive, quickly.
With respect to demand, with several, high floor space/mid-rise towers going up in the Seaport, we don't yet have tenants for the 2 office towers approved for 1 Congress and TD Garden... then add to that, all the luxury condo towers planned.... maybe this saturates the market, or proves all the more that very tall construction is viable in Boston.
There was a +15 minute exchange between BRA board member Theodore Landsmark and the representative of 40 Trinity yesterday about the project nearly having to be scrapped due to the severe cost challenges of building at this site. And we're talking just about 40 Trinity! Landsmark added that he'd like to see their lengthy exchange become 'viewable' (my words) such that the people become better informed about the severe cost challenged nature of highrise construction in Boston.
The easy and semi-hard parcels are gone. Now, all that remain range from next-to-impossible on up. You're dealing with labor costs, a bureaucracy and a process that has simply grown to nightmare proportions. In New York, you're probably a couple of tiers above Boston for the value of completed construction.
to make One57 work, they had some of the highest real estate prices in the world. I realize they paid much more for the parcel than you'd have to do in Boston. Still, i believe you'd have a tough time making the argument to finance a similar, 1005' tower in Boston. i believe we'd more likely be getting taller in baby steps. look at the current valuation for the JHT and built it. An economic model acceptable return vs risk might drop our skyscraper ceiling to as low as 800~825'. Does that number sound low? maybe.
If Boston added a supertall in Back Bay, it might make the skyline look stunted.... Despite the recent drama over the Garden Garage, the West End might be the ideal place for a
new tallest. There's a few turd buildings that can come down. And the FAA limit appears to take you slightly over 900' - a good height for Boston.