“The 28 floors are being considered. It’s something we are thinking of, but we are not hard and fixed on it. If [KSAMC] says we need to revisit, we will,” he said.
However: “Economies of scale might make 34 floors an even better proposition,” he added.
The number of floors to be constructed below ground is still to be finalised, while the cost of the entire project will be determined after the engineering drawings are finalised and the project is tendered for construction.
The financing structure, he adds, may be determined by cash flows generated by 77 Knutsford once that hotel is back on the market. But as to when that will be, Hendrickson is not committing to a hard-and-fast date.
http://jamaica-gleaner.com/article/b...lest-high-rise
However: “Economies of scale might make 34 floors an even better proposition,” he added.
The number of floors to be constructed below ground is still to be finalised, while the cost of the entire project will be determined after the engineering drawings are finalised and the project is tendered for construction.
The financing structure, he adds, may be determined by cash flows generated by 77 Knutsford once that hotel is back on the market. But as to when that will be, Hendrickson is not committing to a hard-and-fast date.
http://jamaica-gleaner.com/article/b...lest-high-rise