Reply to Soooo, how is high-density looking to everyone now?

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[quote=Anonymous]Quick Question. If the Mayors stated goal is to build 36,000 new units of housing across DC and the Rock Creek West share of that is 2,500 units and as stated at some point yesterday current Tenleytown only building encompasses 2,000 new housing units, why are we changing the Comp Plan? We only need an additional 500 units of housing WOTP. That is more than accounted for in Connecticut Ave projects already in place. We can literally not change anything and meet all of the Mayors requirements with already approved projects.

[quote]The mayor’s plan to build 36,000 new units will require a
significant amount of capital. The all-in cost (land, design,
construction, etc.) of developing any rental unit in the District
is about $400,000 to $500,000 per unit based on panel interviews and the panel’s mixed-income case study. At $400,000,
producing the units called for by the plan would require about
$14.2 billion. For Rock Creek West only, assuming a cost
of $400,000 and 2,500 units, the capital required would be
about $1 billion.[/quote][/quote]

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