Most developers I know are building closer to $400/square foot. 

So an exchange of building into land would be fine as long as his intent was to hold that land as an investment and not to develop and sell lots immediately.I think your idea is a very good one. 

Just curious on how someone that wants to focus on mid and high-rise condo developments can start?

I will say that there is a lot of development in the works around these areas that should help improve property values.Stratford Estates/Ruskin Heights and Marlborough are all further south. 

@Martin Saenz on another note, I just gave a similar Leadership Professional Development class (LPD) to my Soldiers on the power of goal setting last week.

I would recommend developing a strategy and location, and probably even organizing financing before you find an agent, because until you have all that figured out most agents won't be able to help very much because to them you would not appear as a serious buyer/ investor on paper.

I am a developer and wrote my own application.

I am a first time developer who is teaming up with my former employer who is a GC/Developer. 

If this relationship with your financial partner is solid, you may want to look at this option, giving a preferred rate to investors and you/your partner developing the schedule of hurdles and splits.Many options to consider, but honest conversation with your partner seems in order.

But happy to hear from the other side.For example, maybe someone who does developments could chime in, but my guess is the numbers on building new affordable housing just aren't compelling, and if policy/markets shift so that it is attractive, you're going to have a lot more BP forum discussions with everyone asking how to get involved (which would be a positive for low income families because supply will go up and rents eventually come down)