Even with the current economic downturn and struggling real estate market, location still rules, with development speculation commanding great profit.

Many Modernist and recent past places are in highly desirable locations, sitting on land that is usually worth far more that the building itself, whether a residential teardown or commercial redevelopment.

Developers are regularly looking for these “undervalued” properties from the 1950-'70s to buy, demolish, and rebuild at a profit.

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