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  #1421  
Old Posted Dec 5, 2019, 7:32 PM
SamInTheLoop SamInTheLoop is offline
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^ I think you misread. That wasn't in reference to 1000m.
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  #1422  
Old Posted Dec 5, 2019, 7:43 PM
SamInTheLoop SamInTheLoop is offline
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Quote:
Originally Posted by chicubs111 View Post
While obviously this building is going foward its defienlty understandable for people to be a little wary.. Can anyone think of a building of this size where there wasnt a significant article posted that funding has been secured?... beside that little tidbit quote, we are all used to seeing the crains/tribune article once a large loan has been secured (similiar to the one just release for BMO tower) on all projects of this size

While this one certainly appears to be moving forward, caution is in fact warranted. This is a large condo project, they are a rarity this cycle in Chicago, difficult to pull off financing for, pre-sales were believed to be (again, not sure what precise figures are) unspectacular, and there is precedent for large condo towers in Chicago to begin construction without complete financing and then be shelved. I'm cautiously optimistic while we await any reporting on financing.

That stated, it's not unusual for media reporting on financing for large projects being closed a few weeks to a few months following the commencement of foundation construction. It's also not unusual for reporting of such a similar amount of time prior to foundation work beginning.
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Last edited by SamInTheLoop; Dec 5, 2019 at 11:36 PM.
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  #1423  
Old Posted Dec 5, 2019, 8:07 PM
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Originally Posted by bhawk66 View Post
I'm glad you said you "imagine". Goldman Sachs? Ummm...
What do you mean?
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  #1424  
Old Posted Dec 5, 2019, 11:37 PM
SamInTheLoop SamInTheLoop is offline
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^ Set snark detector to "on".
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  #1425  
Old Posted Dec 6, 2019, 12:15 AM
bhawk66 bhawk66 is offline
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Goldman Sachs admits...

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Originally Posted by Zapatan View Post
What do you mean?
Isn't that the same Goldman Sachs that we bailed out in 2008 because of all their financial shenanigans? They were one of the poster children of the financial crisis of 2007 if memory serves. I'm sure it's fine.



https://fortune.com/2016/04/11/goldm...oj-settlement/

Last edited by bhawk66; Dec 6, 2019 at 12:20 AM. Reason: addition
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  #1426  
Old Posted Dec 7, 2019, 12:37 AM
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  #1427  
Old Posted Dec 7, 2019, 6:43 PM
BuildThemTaller BuildThemTaller is offline
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Quote:
Originally Posted by bhawk66 View Post
Isn't that the same Goldman Sachs that we bailed out in 2008 because of all their financial shenanigans? They were one of the poster children of the financial crisis of 2007 if memory serves. I'm sure it's fine.



https://fortune.com/2016/04/11/goldm...oj-settlement/
Imagine thinking a company that had more than $36 billion in revenue just last year is a bad investor.
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  #1428  
Old Posted Dec 8, 2019, 12:55 AM
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Originally Posted by BuildThemTaller View Post
Imagine thinking a company that had more than $36 billion in revenue just last year is a bad investor.
Imagine thinking a year of financial results absolves a company from skepticism over previous predatory practices that helped cause a collapse the country still hasn’t fully recovered from.

Last edited by jc5680; Dec 8, 2019 at 1:42 AM.
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  #1429  
Old Posted Dec 8, 2019, 5:28 PM
pianowizard pianowizard is offline
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Quote:
Originally Posted by SamInTheLoop View Post
^ I think you misread. That wasn't in reference to 1000m.
Ah yes, I read too fast. You were referring to Vista.

Anyway, I am surprised that it's so hard to find buyers for these $5+ condos, whether at Vista or 1000M. These are prohibitively high price tags for most of us, but reasonably affordable for a sizeable fraction of the population. I am surprised that so few multimillionaires or billionaires are interested in these premium condos, in one of America's greatest cities (IMHO *the* greatest US city). In NYC, comparable condos at these prices would be considered super bargains and would be snagged in no time.
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  #1430  
Old Posted Dec 9, 2019, 4:21 AM
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December 4, 2019

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  #1431  
Old Posted Dec 15, 2019, 3:31 AM
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  #1432  
Old Posted Dec 22, 2019, 9:51 PM
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Is pg1 going to be updated as well as the database page to include this as uc with the host of other highrises that are not marked??? those pages are both like 2 years outdated now.....
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  #1433  
Old Posted Dec 22, 2019, 10:50 PM
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How many floors underground is this thing going?
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  #1434  
Old Posted Dec 23, 2019, 3:00 AM
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December 17, 2019





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  #1435  
Old Posted Dec 23, 2019, 2:31 PM
Le Baron Le Baron is offline
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Dec 2019

Dec 23rd




Dec 4th




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  #1436  
Old Posted Dec 23, 2019, 5:08 PM
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dup
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  #1437  
Old Posted Dec 23, 2019, 5:12 PM
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Originally Posted by KWillChicago View Post
How many floors underground is this thing going?
None.

It's uncommon for highrises in this area to have any space below ground level. The water table is close to the surface, and unlike a small house, there's no need to dig wall footings on all sides down below the frostline; the caissons go down to -95.
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  #1438  
Old Posted Jan 3, 2020, 2:49 AM
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  #1439  
Old Posted Jan 3, 2020, 1:24 PM
Skyguy_7 Skyguy_7 is offline
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^ That is one mother of a sleeve!

I still can't believe this one is underway.
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  #1440  
Old Posted Jan 3, 2020, 8:25 PM
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^I feel the same. I might start believing it after it gets past the 3rd floor. I know it's financially stable, but still getting Spire flashbacks.
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