Yes and no.A tower being built on spec? Isn't that how the original BA died?
Crazy!With so much going on i dont think anyone here can predict whats in store regarding office demad in this financial powerhouse city of ours , thats why im going to stay away from the doom and gloom and predict we will see two new major office tower anouncements by the end of 2012...call me crazy lol
I fear that possibility only because I don't want the owners of those olders towers to suddenly get the idea to reclad them.In all honesty, a couple new towers probably could go ahead but that may actually lead to nearly 100% vacant older giants in the financial core which is sad to me but I guess in some ways progress. We can then spend the next 5 years trying to fill up that older space.
Not sure what you mean, the new competition is great in just about every single way possible. It forces the older buildings to retrofit and make upgrades - some of this includes improving the street scape which is a plus for everyone.I fear that possibility only because I don't want the owners of those olders towers to suddenly get the idea to reclad them.