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Historic office tower will have 251 units for homeless, low-income individuals.
Residential real estate firm says NYC project is a violation of 11K SF lease.
St. John Properties plans to develop 324,636 square feet of spec office space this year.
The difference extends an affordability gap between there and expensive coastal cities.
A "lackluster" February, according to NAHB, means patience is required.
NAHB respondents expressed concern about construction costs, elevated interest rates, lot availability.
Taconic, Nuveen and Flatiron partner on 200K SF Iron Horse Labs.
4,500 apartments planned for five sites in City of Irvine.
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Interior finishes are pricy and in South Florida, ready-mix concrete is expensive.