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[quote=Anonymous][quote=Anonymous]Two 90 foot residential buildings on the Martens site is significantly [b]more development than any developer has ever proposed for the Martens site[/b]. To the extent that developers are interested in this project, it's because they [b]think that GDS's involvement will lower their costs and increase the scale at which they can build[/b]. And GDS wants a revenue source which means [b]the project has to be that much MORE profitable than what a developer could build on his own[/b]. Meanwhile the population of the campus doubles. [/quote] The three assertions bolded above are questionable at best. 1. What other development has ever been proposed for the Martens site before GDS bought it? None, so of course the proposal is more development than any developer has ever proposed. 2. Here you seem to be saying that without GDS involvement this site would not be of interest to developers - surely you jest! A block from the metro? This site will be built out to the max by any developer that breathes. GDS will inevitably constrain developers and thus increase the developers costs or reduce their returns. 3. Why would GDS need to make more profit than a developer could on his own? GDS is a non-profit with a revenue stream from tuition, unlike developers. [/quote]
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