yes and no. 
Temperature increase in urban areas are well documented and well understood, so those increases mostly accounted and discounted properly.
But yes to gigantic glass phalluses not being the most efficient thing. 🤣
The impact if fiat on architecture runs deeper than that and it involves how these projects are financed and how they are assessed, and just the sheer volume of spaces being built (oversupply) from all the subsidies and monetization of real estate.