If developers were allowed to add 10 floors to every building proposal this year, there would be thousands of new rental units on the market in a short time, said Joseph Feldman, director of development for Camrost Felcorp.
“Ten storeys — that takes an extra 10 weeks on the construction cycle. A new 10-storey building takes a couple of years,” he said. “By just allowing a couple more floors, the impact to the typical pedestrian is negligible at grade. It’s low-impact but it will lead to a