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  #921  
Old Posted Dec 4, 2018, 4:51 PM
LouisVanDerWright LouisVanDerWright is offline
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There is no office tower bruh... It's all apartments and condos in the towers with retail and office in the podium.
     
     
  #922  
Old Posted Dec 4, 2018, 6:09 PM
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Not that I live there anymore, but any substantial high rise there will be transformative. It could be 50 stories and it would still transform this area. Sucks it lost supertall status, but there's more important things to this than that.
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  #923  
Old Posted Dec 4, 2018, 7:39 PM
Skyguy_7 Skyguy_7 is offline
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^^ Thanks for the correction. I always thought it was a weird place for office amongst all the River North residential. . .
     
     
  #924  
Old Posted Dec 5, 2018, 1:07 AM
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Originally Posted by marothisu View Post
Not that I live there anymore, but any substantial high rise there will be transformative. It could be 50 stories and it would still transform this area. Sucks it lost supertall status, but there's more important things to this than that.
Right.

All in all this is really exciting, and I think it breaks ground next month
     
     
  #925  
Old Posted Dec 5, 2018, 2:43 AM
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I'm no expert in financing on this scale but let's hope these developers are smart enough to safeguard against a 2007 repeat with their own projects. Part of me would have to believe that the last thing a major developer would want to do is put a shovel in the ground and have an incomplete project due to insufficient financing after it started, no?

Also didn't they report that they've secured sufficient financing for this?
     
     
  #926  
Old Posted Dec 5, 2018, 3:00 AM
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Originally Posted by PittsburghPA View Post
I'm no expert in financing on this scale but let's hope these developers are smart enough to safeguard against a 2007 repeat with their own projects. Part of me would have to believe that the last thing a major developer would want to do is put a shovel in the ground and have an incomplete project due to insufficient financing after it started, no?

Also didn't they report that they've secured sufficient financing for this?
Yes, I believe so. But have someone else confirm because I'm not 100% sure, I just remember reading it.
     
     
  #927  
Old Posted Dec 5, 2018, 3:54 PM
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* off topic posts deleted *

just an FYI, this is the OCS thread, not the "when is the recession coming" thread.

please stay on topic.
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  #928  
Old Posted Dec 5, 2018, 4:17 PM
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Originally Posted by Steely Dan View Post
* off topic posts deleted *

just an FYI, this is the OCS thread, not the "when is the recession coming" thread.

please stay on topic.
Amen brother
     
     
  #929  
Old Posted Dec 5, 2018, 5:01 PM
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the bananas will be really happy to stretch and warm up as soon as that parking lot begins to go away..
     
     
  #930  
Old Posted Dec 5, 2018, 10:44 PM
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Let's not forget that Sterling Bay just joined the equity team.

Financing shouldn't be an issue
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  #931  
Old Posted Dec 5, 2018, 11:02 PM
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Originally Posted by the urban politician View Post
Let's not forget that Sterling Bay just joined the equity team.

Financing shouldn't be an issue
Right, and I think sales are doing well too, last I heard.

Imagine this and 1000M next month both getting started
     
     
  #932  
Old Posted Dec 6, 2018, 2:34 AM
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Originally Posted by Zapatan View Post
Right, and I think sales are doing well too, last I heard.

Imagine this and 1000M next month both getting started
They've not started any sales, besides, they only ... have 70 units to sell.
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  #933  
Old Posted Dec 6, 2018, 3:09 AM
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Originally Posted by Zapatan View Post
Right, and I think sales are doing well too, last I heard.

Imagine this and 1000M next month both getting started
Both will be filling major gaps in the skyline and will be visible from many angles as well. Much more exciting than your average 800-900 footers(if that's a thing lol)
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  #934  
Old Posted Dec 9, 2018, 8:03 PM
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That makes sense. It's a nice neighborhood Whole Foods but with the density that has built up in this area over the last 10 years, it's in dire need of a much larger store.
No, it doesn't need a larger store. What it needs are more grocery stores. People don't move into dense, urban environments for supercenters, they do so for convenience. Given the choice of walking two blocks to the current Whole Foods or four blocks to a bigger one, most residents would usually walk to the closer one, only going to the bigger one to seek out something unusual.

Groceries have significantly lagged in River North. There is a desperate need for between 1 and 3 more grocery stores in the area. Little shops, like the Galleria at Superior and Orleans, and Foxtrot at Chicago just west of Clark help a little, but a couple more grocery stores on the scale of the Whole Foods on Huron need to be at the South and North ends of the corridor between Wells and Orleans, the River and Oak. Especially the South end.

Realistically, there would be one in Kingsbury Park if those projects had been but today instead of 20 years ago when parking minimums were crazy high. The newer buildings have more captive residents, so I'm sure there will be a grocery store open up in the area in the next 18 months. I had hoped that one of the new towers on Wells would have enough retail space to get one, but that doesn't look to be in the cards. Maybe if that building at Huron and Orleans gets built it will get a grocery store, or maybe something else will surprise.

That Walmart at Chicago and Franklin would have done better if run by a competent manager. The location was right, just the management was terrible.
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  #935  
Old Posted Dec 9, 2018, 9:01 PM
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^^^exactly!
I live a block from here and really wish there were more smaller groceries in the area. I'd rather grab something at Fox Trot on Chicago or the Potash on State any day before going to Whole Foods. So the idea of a bigger better Whole Foods across the street does nothing for me.

And enough with the new Coffee shops already! Every time a new residential building goes up these days I almost expect a new coffee shop to open at the base.
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  #936  
Old Posted Dec 9, 2018, 9:21 PM
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Maybe South Loop Market should expand into River North...
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  #937  
Old Posted Dec 10, 2018, 4:42 PM
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I like bockwinkels
     
     
  #938  
Old Posted Dec 11, 2018, 1:47 PM
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Originally Posted by emathias View Post
Especially the South end.
I would do unspeakable things for a Trader Joe's or even an Aldi around here.

At this point I'm down to hoping Amazon opens a Go store around the mart that's accessible outside work hours.
     
     
  #939  
Old Posted Dec 12, 2018, 12:32 AM
marothisu marothisu is offline
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Originally Posted by k1052 View Post
I would do unspeakable things for a Trader Joe's or even an Aldi around here.

At this point I'm down to hoping Amazon opens a Go store around the mart that's accessible outside work hours.
Well, great because there's already a Trader Joe's near this. It's on Ontario near Wabash, about a quarter mile walk from the south end of the OCS site. One street to the east and 3 streets to the south.
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  #940  
Old Posted Dec 18, 2018, 2:36 AM
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JDL, Sterling Bay close to launching One Chicago Square project

https://therealdeal.com/chicago/2018...quare-project/

The developers applied for the first permits for the project that will bring 2 towers sprouting from a 10-story podium across from Holy Name Cathedral

JDL Development and Sterling Bay are preparing to start work on their two-tower One Chicago Square development in River North.

The developers applied for a permit to foundation work on what will be a four-story underground parking garage with 865 spaces, according to city building department records. Above-ground plans call for a 77-story tower and a 50-story tower with a combined 869 units sprouting from a common 10-story podium.
     
     
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