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  #721  
Old Posted Jul 20, 2018, 9:53 PM
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I thought this project still has to be approved?
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  #722  
Old Posted Jul 20, 2018, 9:53 PM
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Originally Posted by we the people View Post
I thought this project still has to be approved?
Not the conversion of the tower.
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  #723  
Old Posted Jul 20, 2018, 10:59 PM
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Originally Posted by BVictor1 View Post
Just noticed some scaffolding along Michigan Avenue.
Hope this is a speedy rise. Exciting times, especially when its a super tall that looks lavish. Its one thing with the height, but most importantly, aesthetically its beautiful. IMO at least.

In my view, better to have a crappy shorter tower, than a tall crappy tower. Height is one thing, but its nothing without substance to back it up. This on the other hand excels, so knock on wood, let's hope all goes well!
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  #724  
Old Posted Jul 20, 2018, 11:01 PM
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Originally Posted by BVictor1 View Post
Just noticed some scaffolding along Michigan Avenue.
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  #725  
Old Posted Jul 21, 2018, 8:17 AM
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  #726  
Old Posted Jul 21, 2018, 5:13 PM
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Yea, I doubt the supertall will begin any time soon (hopefully within a year or two though?) but I'm willing to wait. The fact that there's even a chance of this thing getting built makes me really excited. Chi-town is long overdue for a 400+ meter building.

Another 28+ feet would be nice though
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  #727  
Old Posted Jul 22, 2018, 4:04 AM
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Yea, I doubt the supertall will begin any time soon (hopefully within a year or two though?) but I'm willing to wait. The fact that there's even a chance of this thing getting built makes me really excited. Chi-town is long overdue for a 400+ meter building.

Another 28+ feet would be nice though
In the meeting back in the Spring they concluded that construction on the supertall wouldn't commence till the Tribune renovation was complete. So at least 2 years till there's a chance to start digging.
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  #728  
Old Posted Jul 22, 2018, 4:31 AM
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In the meeting back in the Spring they concluded that construction on the supertall wouldn't commence till the Tribune renovation was complete. So at least 2 years till there's a chance to start digging.
Ah okay, hopefully they'll come to their senses within that time frame and build a new tallest.

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  #729  
Old Posted Jul 22, 2018, 3:52 PM
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im sure that's just for the condo conversion
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  #730  
Old Posted Jul 22, 2018, 4:32 PM
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im sure that's just for the condo conversion
Yup. I think you are right.
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  #731  
Old Posted Aug 3, 2018, 3:29 AM
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  #732  
Old Posted Aug 3, 2018, 4:39 PM
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^Wow. Bittersweet moment!
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  #733  
Old Posted Aug 4, 2018, 3:31 PM
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^ But there is good news. The Chicago Tribune sign will stay after all:

Quote:
Chicago Tribune sign will remain on the redeveloped Tribune Tower after lawsuit ends

The iconic Chicago Tribune sign will remain on the exterior of Tribune Tower, even after the newspaper’s recent move from the Michigan Avenue landmark.

The newspaper’s parent company, Tronc, and the real estate firms redeveloping the tower, CIM Group and Golub & Co., reached a settlement Friday to end a lawsuit filed this past spring over the sign’s fate.

...Construction on the new 1,422-foot-high skyscraper, if approved, could begin in late 2019. It would have a 200-room hotel, 439 rental apartments and 125 condos.

Golub and CIM have continued meeting with community groups and Ald. Brendan Reilly, 42nd, and plan to submit their planned development to the Chicago Plan Commission in September, Golub said.
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  #734  
Old Posted Aug 4, 2018, 4:13 PM
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Great to hear! Hard to imagine seeing the Tribune Tower without its iconic Gothic sign still attached to it.
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  #735  
Old Posted Aug 4, 2018, 6:16 PM
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Originally Posted by spyguy View Post
^ But there is good news. The Chicago Tribune sign will stay after all:
Okay, so if I’m reading this right, then we could have this approved within a few months. And a year from now it could start construction? If so that’s exciting. This is definitely the development I’m most excited about right now. I love this design and it’s going to do incredible things for the skyline.
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  #736  
Old Posted Aug 4, 2018, 6:46 PM
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Yeah that sign has such rich historic value, great news.
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  #737  
Old Posted Aug 6, 2018, 4:55 PM
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except that the newspaper doesn't want its name on a building it was basically thrown out of
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  #738  
Old Posted Aug 6, 2018, 8:11 PM
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Originally Posted by maru2501 View Post
except that the newspaper doesn't want its name on a building it was basically thrown out of
If by "basically thrown out of" you mean "a building they listed for sale when they decided to move and were paid a handsome some for", then yes.

Seriously guys, Tribune owned the building and decided to move out and sold it. They were paid nearly a quarter of a billion dollars for it... Poor Tribune, being kicked out of a building they willingly left and forced to accept a $240,000,000 check on the way put the door!
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  #739  
Old Posted Aug 10, 2018, 5:36 PM
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Originally Posted by LouisVanDerWright View Post
If by "basically thrown out of" you mean "a building they listed for sale when they decided to move and were paid a handsome some for", then yes.

Seriously guys, Tribune owned the building and decided to move out and sold it. They were paid nearly a quarter of a billion dollars for it... Poor Tribune, being kicked out of a building they willingly left and forced to accept a $240,000,000 check on the way put the door!
Dang. That’s a large sum.

The Lightbank guys made out like bandits for the relative pittance ($33MM) they paid for the Wrigley Building (especially in light of the recent $250MM+ sale).
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  #740  
Old Posted Aug 10, 2018, 7:23 PM
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Quote:
Originally Posted by LouisVanDerWright View Post
If by "basically thrown out of" you mean "a building they listed for sale when they decided to move and were paid a handsome some for", then yes.

Seriously guys, Tribune owned the building and decided to move out and sold it. They were paid nearly a quarter of a billion dollars for it... Poor Tribune, being kicked out of a building they willingly left and forced to accept a $240,000,000 check on the way put the door!

wrong.

Tribune split into Tribune Media and Tribune Publishing, which holds the newspaper (and which became Tronc. )

Tribune Media, the broadcast stuff, took all the real estate, and THEY sold the tower to Golub. The newspaper began paying class A office rates for a building they had previously owned. Golub wanted it to go condo and basically forced it.

The newspaper got nothing except a court fight over the name that Golub wanted to keep up there for marketing and cache, instead of, you know, coming up with a way to keep the paper there
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