Ironboundian t1_jbzzy8u wrote
Reply to comment by g11235p in Two-story addition proposed by the Hanini Group for 707 Broad Street by felsonj
yes they do. I don't think it applies to this particular Hanini project....but especially the big towers with hundred and hundreds of residential units....if a developer gets a large project approved, even without building it they are likely making money (getting a new appraisal, and refinancing out some money from the higher valuation).
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