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Suburban Shadow
Sep 27, 2007, 2:05 PM
http://farm4.static.flickr.com/3174/2949627332_75834e8fe0_o.jpg
http://farm4.static.flickr.com/3203/2949627358_df9816cc96_o.jpg
http://img522.imageshack.us/img522/6003/waldorf2ea0.jpg
http://img90.imageshack.us/img90/3930/waldorf3qu0.jpg
http://img152.imageshack.us/img152/6238/waldorf4dm5.jpg
http://img525.imageshack.us/img525/4440/waldorf5ez7.jpg
http://img147.imageshack.us/img147/807/waldorf6ab2.jpg
Courtesy of BVictor
http://img405.imageshack.us/img405/147/65572661ze2.jpg
https://community.emporis.com/images/6/2007/12/577334.jpg
https://community.emporis.com/images/6/2007/12/577336.jpg
Conceptual model by STR:
http://img84.imageshack.us/img84/8415/chi10ox2.jpg
Has anyone seen the rendering in the Wall St. Journal today of Michael Reschke's proposal for the 100 story Waldorf Chicago Hotel.
Looks impressive, location looks like it is somewhere north of the river in streeterville.
observer
Sep 27, 2007, 2:08 PM
Not sure how to post picture...but this was just announced this morning in Wall Street Journal
the urban politician
Sep 27, 2007, 2:17 PM
Has anyone seen the rendering in the Wall St. Journal today of Michael Reschke's proposal for the 100 story Waldorf Chicago Hotel.
Looks impressive, location looks like it is somewhere north of the river in streeterville.
^ Say wha?
the urban politician
Sep 27, 2007, 2:20 PM
If this is what Chris Carley considers revenge, then serve it COLD cause I'm hungry!!
wrab
Sep 27, 2007, 2:21 PM
^^^ Suburban Shadow, thanks for the heads up. This is rather big news.
Developer Tries Comeback With New Chicago Waldorf
By JENNIFER S. FORSYTH
September 27, 2007; Page B1
.....The Waldorf-Astoria is being built in a partnership with Fordham Co., a Chicago-based high-end residential developer. Preliminary plans call for a 100-floor tower that in no way resembles its Art Deco-style Manhattan namesake. Instead, the project is more akin in style to the Chicago Spire, the 2,000-foot-tall condominium project being built by architect Santiago Calatrava on Lake Shore Drive. "It's a little bit of a tip of the hat to the Spire just down the street, as they are both slender, tall and elegant, but it's different," says Christopher Carley, chairman of Fordham......
http://online.wsj.com/article/SB119085473819840797.html
i_am_hydrogen
Sep 27, 2007, 2:25 PM
It's beautiful and very glassy. It looks like a blade of glass. I'll go scan it.
Suburban Shadow
Sep 27, 2007, 2:25 PM
Front page of Wall st. Journal Marketplace. Talks about Michael Reschke rebuilding his career.
Quotes
"The Waldorf-Astoria is being built in a Partnership with the Fordham Co."
"Preliminary plans call for a 100 floor tower that in no way resembles its Art Deco style Manhattan namesake"
malec
Sep 27, 2007, 2:27 PM
To post a picture first of all save the image onto your computer. If you can't do that for some reason, hit the "print screen" button and paste it a photo editing program and save.
Then go to imageshack.us and upload the file. Copy the "direct link to image" url into a post here and put before and after the url.
Steely Dan
Sep 27, 2007, 2:27 PM
holy cow!
this thing looks freaking awesome. i can say that i'm very impressed with what little we've seen so far. does anyone know the architect?
wrab
Sep 27, 2007, 2:28 PM
^^^ Not sure about the architect yet; the project will be done through Carley/Fordham Co.
sentinel
Sep 27, 2007, 2:30 PM
this rendering was from the WSJ online edition:
*image deleted*
please do not post images directly from newspaper websites
- steely
i_am_hydrogen
Sep 27, 2007, 2:32 PM
Nevermind. Thanks.
OhioGuy
Sep 27, 2007, 2:33 PM
Whoa! Looks stunning! So another possible 1000+ footer here in Chicago. Can I just say again how much I love living here?!?! :D
the urban politician
Sep 27, 2007, 2:34 PM
To whoever has WSJ access:
What exactly is this project?
Is it just a hotel, or hotel-condos?
Will it also have condos?
I'm hoping it doesn't have condos, because the last thing I want to see is more competition for the Chicago Spire (because then NEITHER of these will get built)
wrab
Sep 27, 2007, 2:36 PM
The river is becoming crazy dense. In ten years' time, she'll be a river canyon unlike anything else in the man-made world. Heck, she's already a river canyon unlike anything else in the man-made world!
i_am_hydrogen
Sep 27, 2007, 2:36 PM
"The $500M project will offer 325 rooms in a five-star hotel and 300 luxury condominiums."
forumly_chgoman
Sep 27, 2007, 2:40 PM
Now that is a frickin cool building..any mention of height? I let my wsj sub lapse I gotta renew it.
100 stories...so what prob around 1100 feet or so?
SD did you add this to the rundown yet? I know this is spanking new
OhioGuy
Sep 27, 2007, 2:42 PM
Where will this potential tower be built? I see from one of the quotes here that it would be "about a block from the Chicago River..." I don't have an account with the Wall Street Journal, so please forgive me if the tower's location is stated in the article.
Steely Dan
Sep 27, 2007, 2:42 PM
SD did you add this to the rundown yet? I know this is spanking new
no, i'll wait until an Emporis number is created for it before adding it to the rundown list.
i_am_hydrogen
Sep 27, 2007, 2:43 PM
Here are Yousendit links to .pdfs of the story (scans):
http://download.yousendit.com/C46FDE8B3066AA7B
http://download.yousendit.com/57B6E4283DEE7A44
sentinel
Sep 27, 2007, 2:46 PM
^ Apparently not - I tried but was removed.
jpIllInoIs
Sep 27, 2007, 2:48 PM
Could this be Carley's revenge? Announced the day after the big Spire PR session. Oh Chicago..you rascal.. setting up a competition between all of the Starchitects/developers. :haha: ;)
"The $500M project will offer 325 rooms in a five-star hotel and 300 luxury condominiums."
I love it another 5 star hotel.
Looks like the hoteliers are betting on a 2016 bid.
All of these new proposals Chicago is getting is a little be imbarassing.;)
nomarandlee
Sep 27, 2007, 2:54 PM
Maybe we know now why BVic gave a sly laugh in the CP thread about his talk with Carley.
This thing is just wow, I thought the days of big surprise were on hiatus for a while. This is just mind numbing. To bad this will not have a direct river site.
Complex01
Sep 27, 2007, 2:55 PM
Wow that is really kewl. Very sleek and stunning. Another great one, thats for sure...
:cool:
VivaLFuego
Sep 27, 2007, 2:59 PM
Oh my...
Dan in Chicago
Sep 27, 2007, 3:00 PM
http://i4.photobucket.com/albums/y150/wjcordier/OB-AQ927_POD_RE_20070926234358.jpg
There seems to be a ghost proposal on the left side of the rendering, so the Waldorf would be on the south side of the lot. That means a direct view of the Chicago Spire over the townhomes on Ogden Slip. Funny how CS is missing from the rendering.
sentinel
Sep 27, 2007, 3:16 PM
I love it another 5 star hotel.
Looks like the hoteliers are betting on a 2016 bid.
All of these new proposals Chicago is getting is a little be imbarassing.;)
There's nothing to be embarrassed about (even if you weren't necessarily serious bnk) - it's high time developers, buyers, visitors etc., realize how important and sophisticated Chicago is and I think a proposal like this helps further cement that reputation worldwide - embarrasement of riches perhaps but this city needs to stop being so meek relative to the coasts, and start to really shine on it's own :tup:
Rocket1
Sep 27, 2007, 3:18 PM
Where will this potential tower be built? I see from one of the quotes here that it would be "about a block from the Chicago River..." I don't have an account with the Wall Street Journal, so please forgive me if the tower's location is stated in the article.
Looks to me like it might be near the NBC Tower.
Perhaps they're planning to build it in that parking lot just north of the Sheraton?
Nowhereman1280
Sep 27, 2007, 3:18 PM
OH HOLY SHIT!
Wow Chicago, you really are the greatest city in the world.
You know, this design looks almost Foster-esque... I doubt it is a Foster, but just saying its got that geometric - glass shard feel to it... this could be 1200+ if there is a lot of space in that pinnacle on top. If this is built Chicago will have a cluster rivaling Dubai in height and far exceeding it in style...
Nowhereman1280
Sep 27, 2007, 3:19 PM
Looks to me like it might be near the NBC Tower.
Perhaps they're planning to build it in that parking lot just north of the Sheraton?
That's where it would be, that's where the rumored supertall Carley proposal was supposed to be.
Also, this will not be competing with the Spire. It is in a completely different price range. If anything this will just screw Trump over more! The article says the condo's here should go for about $800 a sq ft. That's compared to $2000 at the spire. Man I want to own a condo in this neighborhood, land values will be going up up up!
sentinel
Sep 27, 2007, 3:25 PM
BTW does anyone know who the architect is anyway??
i_am_hydrogen
Sep 27, 2007, 3:30 PM
BTW does anyone know who the architect is anyway??
The WSJ article doesn't mention one.
Rocket1
Sep 27, 2007, 3:34 PM
Also, this will not be competing with the Spire.
I'd tend to disagree.
I suspect most potential buyers at the Spire will take a look at the Trump, Waterview, and Waldorf before making their final decision.
And many of them have to wonder if the name "Calatrava" is worth a $500 to $1000/sqft premium.
rgolch
Sep 27, 2007, 3:40 PM
Like most of you, I find this to be a complete stunner.
It does concern me that they are counting on most of their revenue from condo sales. Their is so much construction going on in Chicago, I gotta think that market is just about tapped out.
Steely Dan
Sep 27, 2007, 3:43 PM
Their is so much construction going on in Chicago, I gotta think that market is just about tapped out.
that exact same sentiment has been expressed by people for going on 7 years now. i'm not saying that the boom will never end, just that this building boom has been surprising the "experts" for nearly a decade now. something abnormal is taking place in chicago. let's hope the weirdness never ends.
Kngkyle
Sep 27, 2007, 3:44 PM
500M seems a bit low doesn't it? Love the design, or at least what we can see of it. Can't wait for more details.
There's nothing to be embarrassed about (even if you weren't necessarily serious bnk) - :
I was just giving out a little bit of sacastic humor that does not translate well in these threads sometime.;)
BVictor1
Sep 27, 2007, 3:52 PM
holy cow!
this thing looks freaking awesome. i can say that i'm very impressed with what little we've seen so far. does anyone know the architect?
I think it's DeStefano
BVictor1
Sep 27, 2007, 3:54 PM
There seems to be a ghost proposal on the left side of the rendering, so the Waldorf would be on the south side of the lot. That means a direct view of the Chicago Spire over the townhomes on Ogden Slip. Funny how CS is missing from the rendering.
The ghost proposal if the 45-story rental project
Kngkyle
Sep 27, 2007, 3:54 PM
I think it's DeStefano
Any other details you got from Rosche yesterday that you could share with us? :yes:
Marcu
Sep 27, 2007, 3:55 PM
Wow.
Nowhereman1280
Sep 27, 2007, 3:55 PM
^^^
Woah! There is a 45 story rental tied into this as well? If so, I think the chances of this becoming a reality are much higher! Man Chicago just keeps getting better and better!
F1 Tommy
Sep 27, 2007, 3:56 PM
VERY NICE.Good to see a little Dubai mixed in with classic Chicago.
migueltorres
Sep 27, 2007, 3:57 PM
It looks like the proposals section is alive again! :haha:
Nowhereman1280
Sep 27, 2007, 3:58 PM
VERY NICE.Good to see a little Dubai mixed in with classic Chicago.
???
This is much classier than anything Dubai has proposed? This is more London style classy than it is Dubai cheese...
In fact, it is reminiscent of the Shard in London. I have yet to see a large building proposed in Dubai that is all flat glass. BD is glass, but it has typical Adrian Smith mullions and isn't flat glass. Remember, Chicago is where modernism came from in the first place...
Also, I hope this building is like 1300' or else Chicago's skyline is going to get that dreaded table effect at like 900-1100', you know like Manhattan's 500' table, I wouldn't want to see the same thing here with supertalls! :tup:
GregBear24
Sep 27, 2007, 4:01 PM
Correct me if I'm wrong, but I tend to see that if the project is of premium quality, then it sells despite overall market conditions. If it's priced right, located well, and a beatuiful building with accomodating floor plans, then it becomes a "if you build it, they will come" scenario. Trump is expensive, spire is for the very welathiest people around the world, but this building would appeal to people with a lot of money who frequently travel to chicago, retirees with money who want to live in the city with great views, plus the hotel part could get this building off the ground faster than expected. This building is so good, that it has to happen.
i_am_hydrogen
Sep 27, 2007, 4:02 PM
From Crains:
Developer completes purchase of Streeterville site
http://chicagobusiness.com/cgi-bin/news.pl?id=26011&bt=Michael+Reschke&arc=n&searchType=phrase
Developer planning luxury Streeterville apartment tower
http://chicagobusiness.com/cgi-bin/news.pl?id=25480
X-fib
Sep 27, 2007, 4:03 PM
I am getting dizzy with all of these new proposals! Wolf Point, Central Station, now this one! Can't wait to see more detailed renderings. The river corrider is going to one awesum trip in a few years!
jpIllInoIs
Sep 27, 2007, 4:07 PM
^^ Now this announcement has morphed into 2 towers..:haha: Let the good times roll.
sentinel
Sep 27, 2007, 4:09 PM
I was just giving out a little bit of sacastic humor that does not translate well in these threads sometime.;)
Please don't get me wrong, I knew you weren't being serious about that, I was just using it as a jumping off point for my rant LOL - I think this project is just another great example of how Chicago is coming into it's own as a world-city (I know that term gets bandied around a lot these days, but I feel it's totally warranted as indicated by this new development).
forumly_chgoman
Sep 27, 2007, 4:09 PM
Yeah 500mil is lowball....Mandarin is between 600-700 mil this would be more i would think
cbotnyse
Sep 27, 2007, 4:12 PM
I love it.....:worship: perfect location, perfect design.
firstcranialnerve
Sep 27, 2007, 4:15 PM
So I see this is being planned on the southern portion of the lot north of the Sheridan. Going down Illinois street is going to be pretty damn sexy if this goes through. I don't know of any street in the world where there is real city action and sexy modern skyscrapers like this in one place. The crowds on this street will be insane.
cbotnyse
Sep 27, 2007, 4:20 PM
So I see this is being planned on the southern portion of the lot north of the Sheridan. Going down Illinois street is going to be pretty damn sexy if this goes through. I don't know of any street in the world where there is real city action and sexy modern skyscrapers like this in one place. The crowds on this street will be insane.I feel this way about the entire main branch of the Chicago River.....think about it,
Spire
Waldorf
Aqua
Trump
Waterview
300 N.
Wolf Point PRO
200 N. Riverside PRO
The best urban waterway in the world is currently under construction! :cheers:
10023
Sep 27, 2007, 4:26 PM
I'd hate to burst anyone's bubble, but...
1. This proposal is only good news if it doesn't interfere with Spire sales. Everyone is excited about getting both, but if they're competing for a limited pool of buyers, we could end up with neither.
2. Mandarin Oriental, which is just as prestigious of a hotel brand, can't seem to get off the ground with their tower. Why should this?
Really guys, I wish this hadn't been announced until the Spire was fully financed. It just creates more overhang in the market, and potentially pulls people away from lower-floor units in the Spire (which need to be sold) to higher-floor units in this tower.
10023
Sep 27, 2007, 4:27 PM
Oh, and it's Waldorf=Astoria not Waldorf-Astoria. :)
Mr Roboto
Sep 27, 2007, 4:29 PM
Is this for real?! Im stupefied, this city is on fire with the proposals. If Carley comes through and we get this, the wolf point project, and the CS pulls through as well; man, what a sight that would be! Not to mention the WV and Trump. No, its too crazy! I dont want to get my hopes up..
sentinel
Sep 27, 2007, 4:29 PM
I'd hate to burst anyone's bubble, but...
1. This proposal is only good news if it doesn't interfere with Spire sales. Everyone is excited about getting both, but if they're competing for a limited pool of buyers, we could end up with neither.
2. Mandarin Oriental, which is just as prestigious of a hotel brand, can't seem to get off the ground with their tower. Why should this?
Really guys, I wish this hadn't been announced until the Spire was fully financed. It just creates more overhang in the market, and potentially pulls people away from lower-floor units in the Spire (which need to be sold) to higher-floor units in this tower.
Let me guess, you're from New York?
honte
Sep 27, 2007, 4:30 PM
^ :D
10023, agreed to some extent. But MO is a crap project IMO that has a sub-par site and a boring design. This project, since it has a hotel component, may be a slightly different draw than the Spire, although it will certainly cannibalize to some degree. Or, they may just create critical mass. Don't forget that some people are still stupidly wondering if Streeterville is going to be a decent place for high-end product.
OMG!! I am IN LOVE. Looks like the work of Foster or Piano?
Not coincidence that it's one day after the Spire's opening. :)
Steely Dan
Sep 27, 2007, 4:34 PM
I'd hate to burst anyone's bubble, but...
1. This proposal is only good news if it doesn't interfere with Spire sales. Everyone is excited about getting both, but if they're competing for a limited pool of buyers, we could end up with neither.
2. Mandarin Oriental, which is just as prestigious of a hotel brand, can't seem to get off the ground with their tower. Why should this?
Really guys, I wish this hadn't been announced until the Spire was fully financed. It just creates more overhang in the market, and potentially pulls people away from lower-floor units in the Spire (which need to be sold) to higher-floor units in this tower.
replace the two project names with Trump and Waterview and i guarantee you that i can find this exact same post ~4 years ago in the archive, :laugh:.
it's funny how history has a way of repeating itself.
BVictor1
Sep 27, 2007, 4:35 PM
Any other details you got from Rosche yesterday that you could share with us? :yes:
I talked to Carley :)
I will get more details next wednesday.
honte
Sep 27, 2007, 4:39 PM
^ You must not be spilling the beans because you were depressed to discover it's a Loewenberg, right?
10023
Sep 27, 2007, 4:39 PM
Let me guess, you're from New York?
Born in London, raised in Chicago, currently reside in New York. Parents live in Chicago. I actually pay closer attention to Chicago projects here (and joined the board due to the Spire). For starters, they're better documented and the pictures satisfy my nostalgia for the city. And also, I think I root for Chicago to succeed moreso than New York (which everyone thinks of as one of, if not the, great world city), because it doesn't get the credit it deserves. For instance, no one would doubt that something like the Spire could be built if it were U/C in New York.
However, facts being what they are, and being very hopeful that the Spire is completed, I would rather that this proposal had never existed or came to light (ignorance is bliss) than have the Spire die on the vine or be downsized due to market constraints. If both are completed, then yes, it'll be an amazing vista, but a bird in hand...
Nowhereman1280
Sep 27, 2007, 4:48 PM
Guys I still don't think this is actually going to compete with the Spire. The Spire is about 2 years ahead of this project, so we are looking at a completely different delevery period. The Spire is marketing to overseas buyers. The spire is 2.5 times the price point of this building. This building has a hotel. The Spire was designed by Calatrava Bvic says this was designed by Desphano. This is not on the lake or river, the spire is.
We are talking about to completely different situations and markets. These buildings might have some slight cannibalization, but very limited because people who are looking to buy a condo for when they retire in 2010, don't want to wait until 2012 or 2014 to move in. The only cannibalization will be people who don't care when they get to move in, don't mind not having guaranteed lake views, and don't mind lower living with some views cut off by other buildings...
SNT1
Sep 27, 2007, 4:49 PM
Hmm methinks it can be higher than 1100'.
The pointy top? 100 floors? Its 'structural' height may very well get past that 1100' number, even if it pisses off the people who believe any added height above roof height is satan's work :shrug: I'm hoping for 1300ish myself:P
But, the alarming amount of condos do bother me a little. There's just so many choices, that if I am a wealthy millionaire, I will have a hard time which to get... a place in Waterview, Aqua, Trump, and now this one (if it gets built). Multimillionaires/billionares who can afford the Spire might be daunted by the "Waldorf-Astoria" moniker, but that's about the only bad thing I can think of. Right now, this tower (again, if it gets built) may affect Trump/Waterview/Wolf Point proposal....
10023
Sep 27, 2007, 4:54 PM
Agreed. I'd prefer if they did this building like Water Tower Place, with lower-level offices and upper-level hotel, and skipped the condos altogether. And at the top, a Bull & Bear bar like the New York hotel with views of the Spire from 1,300 feet.
And I wonder if they'll give back the clock from the New York hotel's lobby (originally from the Chicago World's Fair in 1893):
http://z.about.com/d/hotels/1/0/l/V/clock.jpg
GregBear24
Sep 27, 2007, 4:57 PM
The article said hilton hotels is behind this project, which is a huge help.
Via Chicago
Sep 27, 2007, 5:04 PM
Bear with me, but how can the Chicago market possibly absorb this much luxury condo/hotel space? Is there really that much demand out there?
10023
Sep 27, 2007, 5:04 PM
The article said hilton hotels is behind this project, which is a huge help.
Hilton owns the Waldorf=Astoria brand.
However, Hilton Group is being sold to Blackstone, so it's going to be a highly leveraged company. They don't really add what you'd think to the financial standing of this project.
BVictor1
Sep 27, 2007, 5:06 PM
^^ Now this announcement has morphed into 2 towers..:haha: Let the good times roll.
It was announced seveeral months ago that 2 towers would be build on that property.
SNT1
Sep 27, 2007, 5:06 PM
Bear with me, but how can the Chicago market possibly absorb this much luxury condo/hotel space? Is there really that much demand out there?
Chicago2016! >.>
10023
Sep 27, 2007, 5:06 PM
Bear with me, but how can the Chicago market possibly absorb this much luxury condo/hotel space? Is there really that much demand out there?
I know this is probably rhetorical but you're asking a bunch of people who don't know here. My hesitation on the project is based on a "better safe than sorry" approach with regards to not choking off the Spire's sales. No one knows what demand exist, beyond the fact that it's not limitless and the empirical evidence indicates that it is slowing.
sentinel
Sep 27, 2007, 5:09 PM
10023 how big is that clock in the image you posted? I can see a person on the lower left, but I still can't picture the scale.
djvandrake
Sep 27, 2007, 5:15 PM
OMG. From what little detail I can see in that rendering I am so excited. (spine tingling for real). I can't wait for more detail, but this looks like an awesome proposal.
It has all the elements I like. Clean form, slender, sleek, with a progressive design that's going to be (let me stress going to be) a good fit for this neighborhood when all that's under construction gets done.
:worship:
10023
Sep 27, 2007, 5:16 PM
It's pretty big but the perspective is a bit weird in that picture... 10 feet maybe?
DHamp
Sep 27, 2007, 5:19 PM
This is starting to get ridiculous... in a good way. But also kind of scary.
I was perfectly willing to except that nothing big will even be seriously proposed for a while after the Spire. I was fine with that. I was even fine with letting Park Michigan go. I'll still fight for X/O given the chance. There's a lot of big ones that are sitting un-started already. Now we keep getting teased by developers with more awesome project proposals that are just hard to believe. I don't want it to end but I was liking the idea of taking a breath and watching the Spire go up over the next few years.
Hopefully these others are in the early stages and won't launch until the time is right: i.e., P.S.... Post Spire.
wrab
Sep 27, 2007, 5:20 PM
Agreed. I'd prefer if they did this building like Water Tower Place, with lower-level offices and upper-level hotel, and skipped the condos altogether. And at the top, a Bull & Bear bar like the New York hotel with views of the Spire from 1,300 feet.
And I wonder if they'll give back the clock from the New York hotel's lobby (originally from the Chicago World's Fair in 1893):
http://z.about.com/d/hotels/1/0/l/V/clock.jpg
Wow - I've sat under that clock many times and had no idea it was from Chicago!
Via Chicago
Sep 27, 2007, 5:45 PM
Chicago2016! >.>
Perhaps. But that is far from a sure thing.
SNT1
Sep 27, 2007, 5:56 PM
^Yeah, but it's sure a good way to lazily answer the burning question: "Too much condotels prop/app/UC a bad thing for Chicago?"
Chicago2016! <.<
Dale
Sep 27, 2007, 6:14 PM
Apparently, no one takes an exciting new announcement harder than a Chicagoan.
rgolch
Sep 27, 2007, 6:14 PM
This is an amazing proposal. But I must echo 10023 sentiments. If something seems too good to be true, it probably is.
Not only have we headed into the biggest housing slow-down in years (which is projected to last till 2009), but it does have the potential of negatively impact sales and confidence in the CS. I hope I'm wrong.
Alliance
Sep 27, 2007, 6:19 PM
Comments:
Rendering? Initial thoughts: STUNNING. Can't wait to see more.
Rental tower: They're holding off. I hope the design is as stunning as the first.
Height: Tell me now! Bvic, any hints or de we have to wait a week :(
Economy: This building has a lot more hotel units than condos. As we all know tourism has increased dramatically in recent years. As STEELY said, people have been predicting the collaps of the boom for years now. It hasn't happend. We're all aware of jittery feelings aobut the market and memories of lost 2000'ers, but we need not be histerical about this project. Carley has learned form the Fordham Spire propsal. He's working with other people. The land is purchased. Hilton is behind it. Lets keep an optimistic tone unless there is actually reason to doubt the validity of this proposal.
At 100 stories...it'd be nice to see this one beat out Trump @ 1173'. I hope this further aggravates him.
Chicago Forever.
Eventually...Chicago
Sep 27, 2007, 6:19 PM
I think we, as crazy skyscraper people, tend to forget two things (I know i always do when i see a proposal like this)
1. When a building is proposed (especially a giant one such as this) they are not worried so much about current market conditions as they are concerned with making accurate forcasts. They are not competing against the buildings of 2007. They aren't even really competing against buildings of 2009. The market may be down a bit now, but things move so quickly that by this time next year, we could be laughing about all the panic of this year. Just think, in the past 15 years we have had a stock market boom & crash that makes the depression look like a blip, a real estate boom of incredible proportions, interest rates all over the place, a war to finance, emergence of global markets... 3-5 years from now, who knows?
2. The US population is growing enormously! Compared to other major countries, our rate of growth is huge. In a city that continues to be filled with imigrants (not that they are living in the spire or trump tower) housing needs to be built. If you consider that typical home prices in your upper-middle class are around 300-400k, for chicago to absorb these condominium buildings which offer similar prices is not that difficult to imagine. Our country's middle class is growing every year, if a fraction of those people chose to live in the city, there shouldn't be much of a problem.
oh yea, sweet ass design!
BVictor1
Sep 27, 2007, 6:23 PM
Everyone here just needs to relax.
The damn thing hasn't even approved by the city.
You all are acting as if the sales center is opening tomorrow.
CHILL!!!
Eventually...Chicago
Sep 27, 2007, 6:25 PM
Everyone here just needs to relax.
The damn thing hasn't even approved by the city.
You all are acting as if the sales center is opening tomorrow.
CHILL!!!
forget you victor...when are caissons being drilled? :)
Alliance
Sep 27, 2007, 6:28 PM
The US population is growing enormously! Compared to other major countries, our rate of growth is huge. In a city that continues to be filled with imigrants (not that they are living in the spire or trump tower) housing needs to be built. If you consider that typical home prices in your upper-middle class are around 300-400k, for chicago to absorb these condominium buildings which offer similar prices is not that difficult to imagine. Our country's middle class is growing every year, if a fraction of those people chose to live in the city, there shouldn't be much of a problem.
Great point.
I'm a big fan of the "If you build it, they will come philosophy" Families get richer, they look to move up in the world. They make room at the bottom for new guys to come in. Thats how this whole system is supposed to work. Its very clear something amazing is going on in Chicago. I think it will pull through. *insert Burnham quote*
However, I'd really like to see the towers combined... Going to happen, likely no, but I'd like to see Sears topped...again (North of the River)
also: WHY IS THIS DIRECTLY BEHIND THE SPIRE! How can we hide supertalls? Carley should but the little tower by the River and the big guy by River East Center so we can see it from the lake.
BVictor1
Sep 27, 2007, 6:39 PM
Great point.
I'm a big fan of the "If you build it, they will come philosophy" Families get richer, they look to move up in the world. They make room at the bottom for new guys to come in. Thats how this whole system is supposed to work. Its very clear something amazing is going on in Chicago. I think it will pull through. *insert Burnham quote*
However, I'd really like to see the towers combined... Going to happen, likely no, but I'd like to see Sears topped...again (North of the River)
also: WHY IS THIS DIRECTLY BEHIND THE SPIRE! How can we hide supertalls? Carley should but the little tower by the River and the big guy by River East Center so we can see it from the lake.
Carley sold the northern part of the property to another developer (Hanover)
Alliance
Sep 27, 2007, 6:50 PM
Carley sold the northern part of the property to another developer (Hanover)
So, Carley is not in charge of the Northern part (and its rental tower) then?
Still...I would have preferred the bigger tower on the norther part of the lot. I guess those river views...from a block away...mean a lot.
Chicago2020
Sep 27, 2007, 6:55 PM
What the hell is going on in Chicago?????
:upload_71700: :drunk: :drunk: :drunk:
BnaBreaker
Sep 27, 2007, 7:12 PM
Holy shit.
SNT1
Sep 27, 2007, 7:15 PM
so, thats 3 U/C supertalls (Waterview/TTC/CS), this 100 story-proposal, Wolf-Point proposal (hmm, no news about tis one for quite a while?), the growing southern skyline, with plenty of 700-900 prouting about prop/app/UC.
WOW!:koko:
BANKofMANHATTAN
Sep 27, 2007, 7:15 PM
Sweet.
Chicago2020
Sep 27, 2007, 7:16 PM
Could this be Carley's revenge? Announced the day after the big Spire PR session. Oh Chicago..you rascal.. setting up a competition between all of the Starchitects/developers. :haha: ;)
I wonder what Trump will do???
Nowhereman1280
Sep 27, 2007, 7:18 PM
I wonder what Trump will do???
Be completely overshadowed?
Alliance
Sep 27, 2007, 7:42 PM
This might put this into perspective for everyone...especially those not famialiar with the BOOM rundown thread.
Propsals in Blue
U/C in Green
Built Boomers in (darker) Green
Important Oldtimers in Black/White
http://i43.photobucket.com/albums/e399/delta2094/Streeterville-Rising.jpg
Be completely overshadowed?
...oh wait. :haha:
:cool:
Nowhereman1280
Sep 27, 2007, 7:45 PM
You forgot the parkview east tower! Also, you didn't label the Fairbanks, that's a boomer as well!
Alliance
Sep 27, 2007, 8:02 PM
Forgot what? :haha:
aluminum
Sep 27, 2007, 8:03 PM
Chicago Goes Again !!!!!!!! :tup: :tup: :tup:
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