If it wasn't worth $180/sf the day he bought it, it's worth that now on the momentum of the project. Market elephants influence the prices of their own holdings, and Tony G is a 7-ton giant now. I don't think the success of Signature, for Tony G, has much to do with what he paid for the land. Even if it isn't the building with the highest margins, he's Trumping all the other developers in profile. That is worth so much more to him than haggling over the land price. Location has something to do with that price, too...there is a right place to put the tallest building outside NYC and Chicago, and it ain't in the Gulch.
