Quote:
Originally Posted by r18tdi
I just don't see this one starting any time soon. There are so many competing projects further ahead with plenty of room still available: 110 wacker, salesforce, bmo, post office, everything in Fulton Market, etc.
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It’s all about the anchor tenant. 110, WPS, union Station Tower, and it looks like now OPO already each have their anchor tenant. So, those projects aren’t competing with 130 for an anchor tenant - which is the only prerequisite pre-leasing-wise, to landing construction financing and launching a large new downtown office tower.
And - to be clear - there are still multiple large prospective anchor tenants in the market right now. These are -as always - mostly the typical potential relocation from existing downtown space- type new tower anchor tenant. And - as usual - mainly your traditional downtown office-using industries - financial, legal, professional and business services, etc.