HomeDiagramsDatabaseMapsForum
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals

    

130 North Franklin in the SkyscraperPage Database

Building Data Page   • Comparison Diagram   • Chicago Skyscraper Diagram
Chicago Projects & Construction Forum
            
View Full Map

Reply

 
Thread Tools Display Modes
     
     
  #521  
Old Posted May 28, 2019, 12:21 PM
aaron38's Avatar
aaron38 aaron38 is offline
312
 
Join Date: Mar 2006
Location: Palatine
Posts: 3,724
^^^ It's sustainable timber harvest! Obviously they have to be logged every 15 years and then replanted....

As for the building, 750ft of soulless, forgettable infill. Oh well.
Reply With Quote
     
     
  #522  
Old Posted May 28, 2019, 2:00 PM
SamInTheLoop SamInTheLoop is offline
you know where I'll be
 
Join Date: Sep 2006
Posts: 4,879
Quote:
Originally Posted by RedCorsair87 View Post
This one will be completely blocked from the west by the taller 110 N Wacker.
I’m somewhat surprised that they haven’t shifted the siting of the tower as far north as possible on site to change that (allowing at least partial views far west over shorter Boeing tower just across river).


I’m disappointed in the redesign as many others are, but at this point, I just want them to finally land an anchor tenant for this and build the damn thing.
__________________
I lightly engaged in espionage - but it was all very cool and very legal.

Last edited by SamInTheLoop; Jun 2, 2019 at 9:55 PM.
Reply With Quote
     
     
  #523  
Old Posted May 28, 2019, 2:37 PM
skysoar skysoar is offline
Registered User
 
Join Date: Dec 2018
Posts: 47
Quote:
Originally Posted by SamInTheLoop View Post
I’m somewhat surprised that they haven’t shifted the airing of tower as far north as possible on site to change that (allowing at least partial views far west over shorter Boeing tower just across river).


I’m disappointed in the redesign as many others are, but at this point, I just want them to finally land an anchor tenant for this and build the damn thing.
Truer words have not been spoken. It will be a great victory for this project just to hear they have obtained a tenant.
130 N Franklin has been a tortured process to say the least..
Reply With Quote
     
     
  #524  
Old Posted May 28, 2019, 4:25 PM
LouisVanDerWright LouisVanDerWright is offline
Registered User
 
Join Date: Jul 2012
Posts: 5,867
Eh, I'm ok with this one languishing on the vine for a while. This site is one that actually could support a much larger building and exposing it to some pent up demand might actually result in such an outcome. I'm ok with it getting built as well, but there aren't many sites that deserve a worthy "replacement" such as this.
Reply With Quote
     
     
  #525  
Old Posted May 28, 2019, 7:41 PM
Zerton's Avatar
Zerton Zerton is offline
Ω
 
Join Date: Mar 2002
Location: Chicago
Posts: 4,286
Reminds me of 4WTC now.
__________________
If all others accepted the lie which the Party imposed, if all records told the same tale, then the lie passed into history and became truth. -Orwell
Reply With Quote
     
     
  #526  
Old Posted May 30, 2019, 1:55 AM
rgarri4's Avatar
rgarri4 rgarri4 is offline
Registered User
 
Join Date: Dec 2016
Location: Chicago
Posts: 357
I was super excited about the first design and was hoping it would get started soon.But because of the new boring design I hope this stays on delayed till something better gets designed. Otherwise Ok filler.
__________________
Renderings, Animations, VR
https://vizfire.net/
My 3d model of Chicago:
http://forum.skyscraperpage.com/show...wpost&t=230331
Reply With Quote
     
     
  #527  
Old Posted May 30, 2019, 2:46 AM
Zapatan's Avatar
Zapatan Zapatan is offline
El Barto
 
Join Date: Aug 2009
Location: Barcelona, NYC, California
Posts: 3,837
I guess the original design was out of their budget?

I like this though, it's sleek and simple. I mean yea you could argue it's kinda lame but realistically not every building is going to be a 1200 foot masterpiece.
Reply With Quote
     
     
  #528  
Old Posted May 30, 2019, 9:02 AM
KWillChicago's Avatar
KWillChicago KWillChicago is offline
Registered User
 
Join Date: Mar 2015
Location: Chicago
Posts: 771
^ This never made sense to me. When your going to an architect to design a serious proposal, not a vision, they would have to give those people a budget to work and design with. Its just a stupid waste of time for both parties to have a $400 million budget but have someone design you a $700 million tower. Those numbers an obvious exaggeration but you get my point. Unless I'm wrong didn't the original design have money/banks secured and approval from the city?
Reply With Quote
     
     
  #529  
Old Posted May 30, 2019, 4:53 PM
r18tdi's Avatar
r18tdi r18tdi is offline
Team Alinghi
 
Join Date: May 2013
Location: Chicago
Posts: 1,287
Quote:
Originally Posted by rgarri4 View Post
I was super excited about the first design and was hoping it would get started soon.
I just don't see this one starting any time soon. There are so many competing projects further ahead with plenty of room still available: 110 wacker, salesforce, bmo, post office, everything in Fulton Market, etc.
Reply With Quote
     
     
  #530  
Old Posted May 30, 2019, 6:35 PM
skysoar skysoar is offline
Registered User
 
Join Date: Dec 2018
Posts: 47
Quote:
Originally Posted by r18tdi View Post
I just don't see this one starting any time soon. There are so many competing projects further ahead with plenty of room still available: 110 wacker, salesforce, bmo, post office, everything in Fulton Market, etc.
Perhaps you are right, but I would think that a corporation that wants to occupy a large space, and have its own namesake on a tall office building downtown would still find 130 N Franklin quite attractive. I guess that begs the question though, why has it not happened up to this point. Could it be location, cost, timing, etc.
Reply With Quote
     
     
  #531  
Old Posted May 31, 2019, 7:24 PM
SamInTheLoop SamInTheLoop is offline
you know where I'll be
 
Join Date: Sep 2006
Posts: 4,879
Quote:
Originally Posted by r18tdi View Post
I just don't see this one starting any time soon. There are so many competing projects further ahead with plenty of room still available: 110 wacker, salesforce, bmo, post office, everything in Fulton Market, etc.

It’s all about the anchor tenant. 110, WPS, union Station Tower, and it looks like now OPO already each have their anchor tenant. So, those projects aren’t competing with 130 for an anchor tenant - which is the only prerequisite pre-leasing-wise, to landing construction financing and launching a large new downtown office tower.

And - to be clear - there are still multiple large prospective anchor tenants in the market right now. These are -as always - mostly the typical potential relocation from existing downtown space- type new tower anchor tenant. And - as usual - mainly your traditional downtown office-using industries - financial, legal, professional and business services, etc.
__________________
I lightly engaged in espionage - but it was all very cool and very legal.
Reply With Quote
     
     
  #532  
Old Posted May 31, 2019, 7:28 PM
SamInTheLoop SamInTheLoop is offline
you know where I'll be
 
Join Date: Sep 2006
Posts: 4,879
Quote:
Originally Posted by skysoar View Post
Perhaps you are right, but I would think that a corporation that wants to occupy a large space, and have its own namesake on a tall office building downtown would still find 130 N Franklin quite attractive. I guess that begs the question though, why has it not happened up to this point. Could it be location, cost, timing, etc.
The answer is likely not location, cost, timing - any of that.

Answer is more likely found in the competence/efforts/local experience, etc, etc of the development - and importantly - leasing teams. Tishman Speyer is a large owner in Chicago but has not been a significant developer locally. Who is doing their leasing here? Are those the right individuals to land an anchor tenant?? If not, has a change been made after a few years of having anchor tenant after anchor tenant slip through their fingers and lost to other projects. If not, why in the world not? Tishman Speyer has no one to blame but themselves for their lack of success to-date over the last few years with 130 North Franklin.

There is a lot of variation in the experience and competence of specific developers and leasing teams - non-market factors that are crucially important to keep front of mind when assessing, handicapping etc various specific developments’ prospects. A great example is how I was so confident in laughing off that developer’s ‘proposal’ for that South Loop assisted living tower. All one had to do was spend 3 mins. looking into the developer and relevant experience to assess it as nothing more than a fantasy (nothing to do with market factors, business models in the abstract, pent-up demand, etc).
__________________
I lightly engaged in espionage - but it was all very cool and very legal.

Last edited by SamInTheLoop; May 31, 2019 at 8:50 PM.
Reply With Quote
     
     
End
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 2:18 AM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.