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Originally Posted by 230Roberto
This skyline would looked 1000 times more different if the boom last 2 more years. Yes I got to admit the spire site would be a great location for maybe a 1000 footer or something it would like great along the river, but this site is Chicago's only chance (as of anytime soon) for a 1500+ ft tower. The Thompson Center would be a great site for a 1200-1400 (around that area)
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Don't forget about the Tribune tower addition. The proposed height is in that ballpark, and its still very early in the process of design, let alone approval. We could see a height bump by then.
Quote:
Originally Posted by 230Roberto
I've only been around the "skyscraper game" for 1 year and a half now, but I can't imagine having a beautiful tower being constructed and the design getting a huge downgrade mid construcion. Don't get my wrong I still like One Eleven I think it fits with its surroundings but waterview tower was just a beauty.
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Waterview was an odd case, and one unlikely to be repeated. It was built entirely on spec by the engineering firm that designed it, as opposed to a seasoned developer who knows how to build and sell housing units. Then the worst financial crisis in a century rolled around and construction halted. Condo sales evaporated, Shangri-La pulled out of its contract for the hotel portion, and all bank lending dried up denying any potential lifeline for the project. As a result, it was an abandoned concrete hulk along the river canyon for 3 years.
None of the residential towers going up now are anywhere near this situation. They all have bank financing, and either have met the necessary presale requirements or are rentals.