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  #201  
Old Posted Jul 11, 2017, 1:43 PM
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does anyone know if the height info we have in the thread title (642', 60 floors) is still accurate for the revised proposal?
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Last edited by Steely Dan; Jul 11, 2017 at 2:13 PM.
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  #202  
Old Posted Jul 11, 2017, 3:56 PM
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To me, they should rotate the plan 180 degrees. I mean why wouldn't you want the amenities deck facing the park (east). You'd get the most sun that way.
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  #203  
Old Posted Jul 11, 2017, 4:09 PM
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To me, they should rotate the plan 180 degrees. I mean why wouldn't you want the amenities deck facing the park (east). You'd get the most sun that way.
You'd get sun in the morning but the building would cast a shadow in the afternoon, when more people are going to be sitting by the pool.
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  #204  
Old Posted Jul 11, 2017, 5:29 PM
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Originally Posted by Steely Dan View Post
does anyone know if the height info we have in the thread title (642', 60 floors) is still accurate for the revised proposal?
I believe 650 feet and 54 floors are new stats.
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  #205  
Old Posted Jul 11, 2017, 5:38 PM
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  #206  
Old Posted Jul 11, 2017, 5:47 PM
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Meh. Filler.
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  #207  
Old Posted Jul 11, 2017, 6:10 PM
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Thank God it is just a filler.
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  #208  
Old Posted Jul 11, 2017, 6:36 PM
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Thank God it is just a filler.
lol
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  #209  
Old Posted Jul 11, 2017, 6:39 PM
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I like this, it reminds me of SHOP's stuff. The base is beautiful.
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  #210  
Old Posted Jul 11, 2017, 7:13 PM
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I think the modular design and slight cantilevering make this nice filler, at the very least.
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  #211  
Old Posted Jul 11, 2017, 9:21 PM
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Originally Posted by Zerton View Post
Meh. Filler.
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Originally Posted by shakman View Post
Thank God it is just a filler.
The good news is that it really won't be visible from most angles, since that site is bordered by many taller buildings.
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  #212  
Old Posted Jul 12, 2017, 5:57 AM
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I like this, it reminds me of SHOP's stuff. The base is beautiful.
Indeed. The base is beautfiul. Especially since this is ending up as "filler", we should be pretty happy with this.

Everyone also keep in mind that we've come to a time when 54 stories is considered filler. That's worth a banana by itself.

Also, thread title still has the 201 North Columbus as the address; news articles are referring to it as 195 North but I don't know how official that is.
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  #213  
Old Posted Jul 12, 2017, 10:39 PM
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The base does look really nice. It will hopefully liven up that corner. The area is a bit barren and windswept as of now.
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  #214  
Old Posted Jul 13, 2017, 2:59 AM
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This is supposed to start in 2018, right?

If the developers can sell Coast they will be flush with cash. Plus if a lot of their equity into Vista can come from the EB-5 program and the like, then Magellan should easily have enough capital to get this project started. All they need is to sign 2 hotel flags and they are ready to go. Plus with this being all rental, they run no risk of cannibalizing condo sales from Vista.
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  #215  
Old Posted Jul 13, 2017, 4:13 AM
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Magellan has sold the Coast to a Canadian outfit based in Toronto. The article was in Crain's a few weeks ago.
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  #216  
Old Posted Jul 13, 2017, 10:09 AM
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^^At the meeting they said the project is slated to start in Q1 2018. I've heard they are in advanced talks with a hotel operator, Commune Hotels, to bring two of their flags into the building. I believe Tommie and Joie de Vivre are the two flags. They should have no problem starting this next year.
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  #217  
Old Posted Jul 13, 2017, 1:07 PM
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^^At the meeting they said the project is slated to start in Q1 2018. I've heard they are in advanced talks with a hotel operator, Commune Hotels, to bring two of their flags into the building. I believe Tommie and Joie de Vivre are the two flags. They should have no problem starting this next year.

That's great news. Have been looking forward to this one for quite some time, and had been wondering what's taking so long. Think it's a very nice design and major shot of density.....
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  #218  
Old Posted Jul 13, 2017, 1:12 PM
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Originally Posted by the urban politician View Post
This is supposed to start in 2018, right?

If the developers can sell Coast they will be flush with cash. Plus if a lot of their equity into Vista can come from the EB-5 program and the like, then Magellan should easily have enough capital to get this project started. All they need is to sign 2 hotel flags and they are ready to go. Plus with this being all rental, they run no risk of cannibalizing condo sales from Vista.

I think EB-5 is typically used for mezz debt. Regardless, it is not going to end up being a major source, and what's more the whole program is coming under much-needed significant scrutiny.......it's turned into a joke
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  #219  
Old Posted Jul 13, 2017, 1:25 PM
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Originally Posted by SamInTheLoop View Post
I think EB-5 is typically used for mezz debt. Regardless, it is not going to end up being a major source, and what's more the whole program is coming under much-needed significant scrutiny.......it's turned into a joke
Interesting, I didn't know that those funds were used for debt
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  #220  
Old Posted Jul 13, 2017, 5:55 PM
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Originally Posted by SamInTheLoop View Post
I think EB-5 is typically used for mezz debt. Regardless, it is not going to end up being a major source, and what's more the whole program is coming under much-needed significant scrutiny.......it's turned into a joke
At the community meeting on Monday someone asked the question about whether EB-5 funding was being used. My memory is that whoever was speaking said that it was not going to be used and that they had never seriously considered it. Apparently this project was just listed as an example of the sort of project that could benefit from EB-5 funding in the Daley application. The person speaking seemed a little annoyed at the Sun Times for creating the impression that EB-5 funding would be used for this.
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