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Old Posted Jul 9, 2014, 8:09 PM
the urban politician the urban politician is online now
The City
 
Join Date: Jul 2004
Location: Libertyville, IL
Posts: 14,549
Quote:
Originally Posted by Pilton View Post
FWIW (probably not much), I like the Gang (not a box) design alot and hope it gets built. Let's see if it does.

Who will buy or rent? The job market in Chicago is making progress, but the Midwest still lags behind other US areas in creating new jobs. http://www.globest.com/news/12_897/n...ts-348000.html

It's mostly been suburban employers heading Downtown or Downtown employers engaging in a game of musical chairs (Blair, MWE and DLK Piper). That's not really job growth (yet) that drives office construction.
As Tom said it's not an office tower, but lackluster job growth really hasn't slowed down demand for downtown living in Chicago. Hotel occupancies and tourism are at all time highs, as are rents/sf. However, there has been talk about a glut of construction for a long time.
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