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  #1101  
Old Posted Apr 7, 2019, 11:38 PM
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Quote:
Originally Posted by AlpacaObsessor View Post
It would probably be helpful to spend some time going around the South Loop on streetmaps vs its competing markets to get an idea why. Locations in the Gold Coast and around the Mag Mile have historically carried the most weight in this town. That whole area is home to restaurants, luxury brands, and flagship retailers.

I'd also describe River North as another condo hotspot. It's home to a competitive stock of office space so you get a lot of people looking to live close to the office, proximity to the retail and amenities around the Mag Mile, and access to the central loop via the red and brown lines.

Check out Michigan Avenue further south past congress though and it gets a lot quieter. Although there's a lot of apartment construction it still feels like the area suffers from a lack of retail. Here's some more streetviews further west to give you an idea: Wabash, State, and State again.

Finally, as OrdoSeclorum mentioned, Chicago doesn't really lack areas to build highrises with views and park access. Any building along the lakefront can offer that so it's not a significant driving force.
Pretty great rundown there... the South Loop is brimming with potential, but at the end of the day, it's still just potential right now. In 20 years it'll probably be a much more cohesive and active area(hell it's already much better than it was 20 years ago), but right now, telling people to buy million dollar condos there is going to be a much harder sell than other parts of the city
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  #1102  
Old Posted Apr 8, 2019, 5:39 PM
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Originally Posted by LouisVanDerWright View Post
It wouldn't require a PD amendment to change from condo to apartment. The city only refers to them as "dwelling units" and doesn't care if you sell them, lease them, or leave then vacant.
Understood, but generally speaking your for-sale DUs are going to be much larger in square footage than for-rent DUs. If you wanted to revise strategy from for-sale to for-rent, you're going to add units to reduce size.

Over a certain square footage threshold you don't get any more rent, so your rent/sf goes down making the project unfeasible.

As I said, I don't know how the PD was written in terms of DU counts so I don't know whether they'd need to revise to change to rentals. Also an unknown - I don't know whether a revision would necessitate compliance with a newer rule.
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  #1103  
Old Posted Apr 11, 2019, 2:06 AM
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Spoke with someone at the sales gallery. told them id be interested in a unit but only would buy post construction start and they told me they will be breaking ground late this year with a 2021 delivery date.
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  #1104  
Old Posted Apr 11, 2019, 2:50 AM
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Originally Posted by Hourstrooper View Post
Spoke with someone at the sales gallery. told them id be interested in a unit but only would buy post construction start and they told me they will be breaking ground late this year with a 2021 delivery date.

"Breaking ground"... "This year"...

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  #1105  
Old Posted Apr 11, 2019, 2:44 PM
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Originally Posted by Hourstrooper View Post
Spoke with someone at the sales gallery. told them id be interested in a unit but only would buy post construction start and they told me they will be breaking ground late this year with a 2021 delivery date.
True, only if you and your whole family each buy condos

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  #1106  
Old Posted Apr 11, 2019, 2:54 PM
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Sorry, new here and was trying to quote someone that said 1$ a per sq ft is high cost? what? i am not sure this even makes sense?
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  #1107  
Old Posted Apr 12, 2019, 12:03 AM
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Originally Posted by Hourstrooper View Post
Spoke with someone at the sales gallery. told them id be interested in a unit but only would buy post construction start and they told me they will be breaking ground late this year with a 2021 delivery date.
2021 delivery date is the least believable part of that lol
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  #1108  
Old Posted Apr 12, 2019, 1:54 AM
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2021 delivery date is the least believable part of that lol
Yea idk I hope that they build it bc I really like the building. will help balance the skyline a lot
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  #1109  
Old Posted Apr 12, 2019, 2:55 PM
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After a long hiatus, 1000M ads are showing up on my browser frequently again. One final marketing push?
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  #1110  
Old Posted Apr 12, 2019, 3:30 PM
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After a long hiatus, 1000M ads are showing up on my browser frequently again. One final marketing push?
^ yea, ad made an appearance on Instagram as well, recently.

Last ditch effort.
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  #1111  
Old Posted Apr 12, 2019, 3:34 PM
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This might be an unpopular opinion, but I think the design is ugly and I hope it doesn’t get built this cycle so we can get a redesign.
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  #1112  
Old Posted Apr 12, 2019, 5:06 PM
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This might be an unpopular opinion, but I think the design is ugly and I hope it doesn’t get built this cycle so we can get a redesign.
Nope, im right there with you. I'm so disappointed about losing that first design, the stacked blocks, that this one seems phoned in and I could care less about it. No rendering so far as made me think the base to tower transition will be anything other than jarring and poorly thought out, the crown is serviceable, sure, but it's just hard to fall in love with this one after that first pass.
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  #1113  
Old Posted Apr 12, 2019, 5:22 PM
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I don't care for either. This first one at least had height going for it. The base looks terrible on this one and if the virtual reality snaps posted by rgarri are to believed, I really won't like this tower once completed.

My only hope for this tower (if completed) and NEMA 2 is that they will encourage more restaurants/attractions in the SoLo to further high-rise boom in that neighborhood.
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  #1114  
Old Posted Apr 12, 2019, 9:12 PM
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https://1000southmichigan.com/

Never noticed this be based on the animation on the website there appears to be some sort of lighting scheme on the northeast corner of the building.
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  #1115  
Old Posted Apr 12, 2019, 9:52 PM
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Could look interesting. Could look Vegas cheesy.
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  #1116  
Old Posted Apr 12, 2019, 10:07 PM
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A friend who worked at Jahn told me like two years ago that this project was basically cancelled and that she didn't expect it to rise. Everyone there was pissed off about the redesigns.
I think I accidentally commented that in the NEMA thread a long time ago.
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  #1117  
Old Posted Apr 12, 2019, 10:09 PM
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A friend who worked at Jahn told me like two years ago that this project was basically cancelled and that she didn't expect it to rise. Everyone there was pissed off about the redesigns.
I think I accidentally commented that in the NEMA thread a long time ago.
I'd believe that, but why don't they just come out and announce that it's cancelled instead of lying to the public and pretending it's going to happen? We're all going to find out one way or another that it isn't.
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  #1118  
Old Posted Apr 12, 2019, 10:54 PM
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This just feels like another one of those that hopefully and hopefully and hopefully again
... Just turd down the drain. Here's a raised one to my fello skyscraper lovers to a waisted, perfect plot of land. We will miss you "original" 1000m.
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  #1119  
Old Posted Apr 12, 2019, 11:57 PM
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Quote:
Originally Posted by gandalf612 View Post
This might be an unpopular opinion, but I think the design is ugly and I hope it doesn’t get built this cycle so we can get a redesign.
Oh for sure this isn't a good design, and especially when compared to what we could have gotten... The main reason most of us are pushing for it is the height and what it represents to get a top luxury condo tower in this part of town. We'll live without it though
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  #1120  
Old Posted Apr 13, 2019, 2:30 AM
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I had not been following this thread but became much more interested after spending last weekend in Chicago. In fact I walked by a big sign advertising 1000M that said: "EXTRAORDINARY MICHIGAN AVENUE CONDOMINIUM RESIDENCES...Please visit our Sales Gallery at 1006 South Michigan Avenue..." I had been disappointed that all the recently completed tall residential buildings in Chicago only had apartments for rent, so I was rather excited by this condo building. (Yes, I do fancy owning a condo in Chicago someday.)

Quote:
Originally Posted by Hourstrooper View Post
Yea idk I hope that they build it bc I really like the building. will help balance the skyline a lot
I too think it doesn't look bad, but more importantly, having a building -- pretty much any building -- this tall in this neighborhood would benefit the skyline a great deal.

Quote:
Originally Posted by AlpacaObsessor View Post
further south past congress[/url] though and it gets a lot quieter. Although there's a lot of apartment construction it still feels like the area suffers from a lack of retail.
I would actually like the relative peace and quiet.

Quote:
Originally Posted by BonoboZill4 View Post
right now, telling people to buy million dollar condos there is going to be a much harder sell than other parts of the city
Hopefully there will soon be a residential skyscraper in this area with condos below half a million dollars. That should attract more people to move there.
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