Question: Answer the question by details. 3:13 AM Mon May 1 ?100%l:$:h ' eamus-east-'I-prod-f|eetOZxythoslcontentlblackboardcdn.com 3. You are a developer and have the choice of Site 1

Answer the question by details.

3:13 AM Mon May 1 ?100%l:$:h ' eamus-east-'I-prod-f|eetOZxythoslcontentlblackboardcdn.com 3. You are a developer and have the choice of Site 1 or Site 2 for a development. Both are zoned residential. Site 1 is 10,000sf, has an FAR of 12 and allows a max of 70% coverage. The price of site 1 is $100/sf of development rights. Site 2 is 10,000sf, has an FAR of 10 and allows a max of 90% coverage. The price of land is $80/sf of development rights. Which site would you pick and why? HINT: Calculate how much you can develop on each site and then calculate the land cost. SHOW YOUR WORK (OK TO PASTE HERE FROM EXCEL)

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