Cordish has all of their parking subsidized by the city. It's a significant cost savings at this level.AlkaliAxel wrote: ↑Sun Apr 10, 2022 2:43 am It'd make sense.
It is kinda weird that Cordish is able to build & lease these new towers at a pretty rapid pace and not a single other developer has wanted to get in on this. They're literally just watching Cordish take the entire pie for themselves.
Copaken did reverb which is probably the closest comparison. I don't know how they feel about it, but I knows when they were building they wouldn't offer me any move in incentives and they came back multiple times after and offered me significant ones. I haven't heard of them rushing to throw up another tower because it was so successful.
Cordish also benefits from owning the district (again subsidized by the city) and from having a critical mass in a small area. They can share amenities between buildings and offer residents things that no one else in the city can. So they can charge at the higher end of Kansas city rents.