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By Clair Enlow
November 24, 2004
With height limitations, setbacks and design review, the zoning code gives form to the city. It's an abstract envelope on every site, shaping buildings before the owner or the architect come along. In an often hot market like Seattle, the envelope has a lot to do with the cash value of land.
If you take square footage out of the envelope, you've got to give money back to the owner and investors. That's the way Pat McCabe, vice president of development for Unico Properties, sees it. "The full market value is based on the zoning," he said.
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