Mine is Taller than Yours. Why? Beats me!
That conversation is going on around the world as developers find the available financing to buy in the inner city and to satisfy the new and the ultra wealthy’s demand for high-rise living – not to mention the demand from the old and wealthy.
It is interesting, as we have noted previously, that engineering and technology have made it possible to build higher with faster elevators, sustainable systems, new wind technology, and new materials able to withstand the stresses.
It is interesting from a real estate viewpoint that the sites seem to be smaller and the buildings taller, especially in the inner-city environment. All the conveniences that we proposed in the last century have become a reality, and we have owners and tenants who are willing to build them.
Justin McGar writes in a recent issue of Sourceable.net about the 31 tall buildings under construction and the 43 proposed additional new skyscrapers recently approved in Melbourne, Australia. He writes about the ways that engineering is making it possible for developers to dream taller dreams for their new buildings.
One thing we do know about this movement is that as long as there is demand that is pushing the limits higher and higher, we will see more of these tall structures in our backyards. Interesting to me that most of the residential towers are 50 percent presold.
How tall are the new developments in your backyard?
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