CHICAGO | One Bennett Park | 837 FT | 68 FLOORS - Page 117

the urban politician · #**2321** Posted **Aug 20, 2018, 9:45 PM**

Quote:

Originally Posted by kolchak

I found this new rendering on the web site and some recent sale numbers. I would say brisk no?

Zillow, inc.

According to Crains, a condo at the Waldorf-Astoria just sold for $5.5 million. That is the 21st sale of over $5 million this year in Chicagoland so far, compared to just 3 at the same time last year.

So the luxury market is FLYING right now. Whether or not we view this as a good thing or a terrible thing, this goes along with the narrative that the rich are doing very well, with no end in sight.

donnie · #**2322** Posted **Aug 20, 2018, 10:38 PM**

I would pay just to see what a furnished 5k sq place would look like in OBP!

Also What kind of ceiling height are we looking at?

left of center · #**2323** Posted **Aug 21, 2018, 1:13 AM**

^ I'd wager around 9 1/2 to 10 feet.

chris08876 · #**2324** Posted **Aug 21, 2018, 2:55 AM**

This came out great.

marothisu · #**2325** Posted **Aug 21, 2018, 3:15 AM**

Chalk up another 2 $6M+ sales soon. There's been at least 16 sales of $6M+ this year in Chicago versus something like 1 through this time last year. Not bad, I guess. More to come I'm sure.

Tiorted9 · #**2326** Posted **Aug 22, 2018, 8:45 PM**

I have a view of this building from Loews hotel a couple of blocks away. It looks much better in person compared to the photos that I've seen, but please keep the pictures coming!

moorhosj · #**2327** Posted **Aug 22, 2018, 10:17 PM**

Quote:

Originally Posted by marothisu

Chalk up another 2 $6M+ sales soon. There's been at least 16 sales of $6M+ this year in Chicago versus something like 1 through this time last year. Not bad, I guess. More to come I'm sure.

From the city's finance page:

$5.25 per $500.00 of the transfer price, or fraction thereof, of the real property or the beneficial interest in real property. In general, The Buyer is responsible for $3.75 and the Seller is responsible for $1.50.

Does this mean the city collects $63,000 (1.05% * 6,000,000) on a $6 million purchase or am I missing loopholes that make the actual amount far different?

west-town-brad · #**2328** Posted **Aug 23, 2018, 4:17 PM**

Quote:

Originally Posted by moorhosj

From the city's finance page:

$5.25 per $500.00 of the transfer price, or fraction thereof, of the real property or the beneficial interest in real property. In general, The Buyer is responsible for $3.75 and the Seller is responsible for $1.50.

Does this mean the city collects $63,000 (1.05% * 6,000,000) on a $6 million purchase or am I missing loopholes that make the actual amount far different?

yeah there is no cap on transfer stamps - and I think most of it (half?) goes to fund the CTA. Think of how much was generated when the sears tower was sold a few years back.

Chisouthside · #**2329** Posted **Aug 23, 2018, 10:41 PM**

Taken from across the river.

BonoboZill4 · #**2330** Posted **Aug 24, 2018, 12:33 AM**

Wonderful shot ChiSouthSide. You should redo that photo in like three years when 400LSD is topping out

PittsburghPA · #**2331** Posted **Aug 24, 2018, 4:54 AM**

Quote:

Originally Posted by Chisouthside

Taken from across the river.

Great shot. This angle makes the building look bulkier than it does in person. I'm a fan of this tower. Overall well done and will be a nice addition to the skyline and will add a boost to Streeterville.

SolarWind · #**2332** Posted **Aug 27, 2018, 3:05 AM**

August 21, 2018

August 23, 2018

SolarWind · #**2333** Posted **Aug 28, 2018, 4:23 AM**

August 23, 2018

left of center · #**2334** Posted **Aug 28, 2018, 11:32 PM**

This is one complex crown. They have been working on it for what, three months now?

Bombardier · #**2335** Posted **Aug 29, 2018, 2:39 AM**

I have a feeling the weather has not helped. It is very windy at that elevation right on the lake and you cannot set precast in windy conditions. They are likely losing more time than other projects because of the elevation and proximity to the lake. I'm just guessing though... it is taking a long time...

SolarWind · #**2336** Posted **Aug 29, 2018, 2:51 AM**

Quote:

Originally Posted by Le Baron

Quote:

Originally Posted by donnie

Never seen a bad angle of Chase tower and what a neat profile of the Legacy!

Dem pics tho._.

Nice shot, Le Baron. Here's another one of Legacy at Millennium Park. Off topic, so follow the link.

August 23, 2018
Legacy at Millennium Park

And one looking west...

July 6, 2018
Franklin Center

BonoboZill4 · #**2337** Posted **Aug 29, 2018, 3:20 AM**

That shot shows to me how underrated the design is for the Franklin Center, nice snap Solar!

AMWChicago · #**2338** Posted **Aug 30, 2018, 10:09 PM**

IMG_1065 by Andrew Wuehler, on Flickr

I love the composition of materials in this shot

Ned.B · #**2339** Posted **Aug 31, 2018, 1:48 PM**

Quote:

Originally Posted by Bombardier

I have a feeling the weather has not helped. It is very windy at that elevation right on the lake and you cannot set precast in windy conditions. They are likely losing more time than other projects because of the elevation and proximity to the lake. I'm just guessing though... it is taking a long time...

It looks to me from the last few photos that lately they have been putting all of their effort into installing the missing panels where the exterior hoists were. In the last couple weeks it's gone from completely open to fully enclosed. That is my guess for why we haven't seen much work at the crown.

SolarWind · #**2340** Posted **Sep 3, 2018, 4:01 AM**

August 30, 2018