Re: Wow - LSC's Updated Plans for SciTech Scity

Posted by Dolomiti on 2017/3/20 10:24:17

Yvonne wrote:
How can the land be estimated at $20 when developers brought land one minute by car according to the google map for $35 million? That land is 7 1/2 acres.

It's not 1 minute by car. It's more like 10 minutes.

Unless they build a vehicular bridge over the Morris Canal, there is no direct route between the LSC lot and downtown.

We see this differential in lots for sale. E.g. there's a lot at 379 Communipaw, .25 acres for $200k. Another lot is at 423 Grand is .33 acres and... $4 million.

And those two lots are only a 3 minute drive apart.

Is it news to you that in real estate, location is critical?

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