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  #10281  
Old Posted Jan 11, 2018, 5:16 PM
jsbrook jsbrook is online now
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Any updates on this or is it DOA?

https://chicago.curbed.com/2016/10/1...ber-skyscraper

Cool plan and design.
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  #10282  
Old Posted Jan 11, 2018, 5:17 PM
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Originally Posted by jsbrook View Post
Any updates on this or is it DOA?

https://chicago.curbed.com/2016/10/1...ber-skyscraper

Cool plan and design.
I think this was always speculative-ish.
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  #10283  
Old Posted Jan 11, 2018, 5:29 PM
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Steely Dan Steely Dan is online now
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Originally Posted by jsbrook View Post
i think that was just an architectural vision from P+W, not an actual development project.
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  #10284  
Old Posted Jan 11, 2018, 5:36 PM
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Originally Posted by Steely Dan View Post
i think that was just an architectural vision from P+W, not an actual development project.
Ah, too bad.
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  #10285  
Old Posted Jan 11, 2018, 9:31 PM
IrishIllini IrishIllini is offline
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Originally Posted by marothisu View Post
Look at it this way - that would cost probably closer to $250M for the same space in NYC at a new premier luxury building. The One57 penthouse for $100M was only 11,000 sq ft.
It's definitely a great price, haha. I was just commenting on the size of the home. 25,000 sq. ft. for a residence is absolutely massive, lol. Even 1/4 that would be a very spacious home. I wonder if there will be a lot of double (or triple) height spaces. Exciting news nonetheless!
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  #10286  
Old Posted Jan 11, 2018, 10:28 PM
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Originally Posted by BVictor1 View Post
http://www.chicagobusiness.com/reale...s-in-west-loop

January 10, 2018
More high-rises on the highway planned in West Loop

By ALBY GALLUN




A rendering of an apartment tower proposed for 1050 W. Van Buren
Awesome! Its exciting to see the Ike getting framed in like the Kennedy, albeit to a lesser degree.

Both the proposed sites are currently occupied by less than desirable existing buildings (An auto body shop with a parking lot, and a single story auto body/car wash).

Hopefully these two get off the ground, as well as the "Harry Potter" tower to the west of Landmark West Loop. Seems like rental companies are just getting battered with all the new apartments hitting the market. I see lots of offers and deals like month and a half free, etc in order to entice renters. Hopefully there's enough demand to soak up all the supply...
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  #10287  
Old Posted Jan 11, 2018, 10:56 PM
IrishIllini IrishIllini is offline
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Originally Posted by left of center View Post
Awesome! Its exciting to see the Ike getting framed in like the Kennedy, albeit to a lesser degree.

Both the proposed sites are currently occupied by less than desirable existing buildings (An auto body shop with a parking lot, and a single story auto body/car wash).

Hopefully these two get off the ground, as well as the "Harry Potter" tower to the west of Landmark West Loop. Seems like rental companies are just getting battered with all the new apartments hitting the market. I see lots of offers and deals like month and a half free, etc in order to entice renters. Hopefully there's enough demand to soak up all the supply...
I may be mistaken, but I believe the W. Loop was growing by something like 6% per year. I think concessions are mostly a symptom of the time of year. Not many people plan to move in Chicago between November and March. Leasing season really takes a dive after August/September. The number of units delivered is quite high for a part of the city that has really never had many residential buildings though.
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  #10288  
Old Posted Jan 13, 2018, 11:32 PM
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  #10289  
Old Posted Jan 14, 2018, 8:21 PM
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Looks like 1201 e 60th street and 61 e banks both got their tower crane permits... I had completely forgotten about 1201 e 60th street until i saw it had its tc permit
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  #10290  
Old Posted Jan 15, 2018, 1:44 AM
marothisu marothisu is online now
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Originally Posted by Fvn View Post
Looks like 1201 e 60th street and 61 e banks both got their tower crane permits... I had completely forgotten about 1201 e 60th street until i saw it had its tc permit
60th and Woodlawn is great. Hope it turns out well.


Source:
https://chicago.curbed.com/2017/5/11...benstein-forum

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  #10291  
Old Posted Jan 16, 2018, 4:15 AM
LouisVanDerWright LouisVanDerWright is offline
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Originally Posted by harryc View Post
1 (sign) down - 2 to go (May 2012)
Is Rozak the garage and lot slaying messiah that has been prophesied??!?

Seriously, dude has a type.
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  #10292  
Old Posted Jan 16, 2018, 1:44 PM
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Quote:
Originally Posted by marothisu View Post
60th and Woodlawn is great. Hope it turns out well.


Source:
https://chicago.curbed.com/2017/5/11...benstein-forum

[IMG]https://cdn.vox-

cdn.com/thumbor/T3b1apUAbk6ioROWcr0W3wy9gFE=/800x0/filters:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/8500191/170509ext_sw_view.jpg[/IMG]


Why cant the Obama library go for somthing more like this?
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  #10293  
Old Posted Jan 16, 2018, 3:20 PM
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Why cant the Obama library go for somthing more like this?
Because that's aspiring to be a part of the zeitgeist, and a Presidential library should be a monument to a legacy.
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  #10294  
Old Posted Jan 16, 2018, 4:17 PM
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Because that's aspiring to be a part of the zeitgeist, and a Presidential library should be a monument to a legacy.
That makes no sense. Have you ever seen the Clinton library?
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  #10295  
Old Posted Jan 16, 2018, 8:25 PM
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Originally Posted by 10023 View Post
That makes no sense. Have you ever seen the Clinton library?
Of course it makes sense--it's my opinion. It's shared by many informed persons in the profession, and a realized deviation from it doesn't invalidate its rationale.

A further opinion is that the Clinton library is uninspiring. The obelisk-like form of the Williams Tsien concept for the Obama building is very fitting for its purpose. Some hack, trick box setup doesn't communicate the function of the place (but it sure would be gawked over online for 2 days).
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  #10296  
Old Posted Jan 17, 2018, 1:49 AM
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Another condo to rental conversion

Big Lincoln Park condo tower to become rentals
Quote:
The owners of condominiums in a Lincoln Park high-rise are joining the "deconversion" trend, voting narrowly to sell the building for as much as $78 million to a developer that plans to turn it back into a rental property.

Strategic Properties of North America has agreed to buy all 268 units in Kennelly Square, a 22-story tower at 1749 N. Wells St. Owners of 75.8 percent of the condos in the building voted to approve the sale, with 23.2 percent voting against it, according to an email sent out to unit owners.
http://www.chicagobusiness.com/reale...dos-in-lincoln
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  #10297  
Old Posted Jan 17, 2018, 3:52 AM
PKDickman PKDickman is offline
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Originally Posted by Randomguy34 View Post
Another condo to rental conversion

Big Lincoln Park condo tower to become rentals

http://www.chicagobusiness.com/reale...dos-in-lincoln
Geez, that's less than $300k a unit.
All the elevators must be broken.
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  #10298  
Old Posted Jan 17, 2018, 11:16 AM
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Jesus Chicago is cheap.
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  #10299  
Old Posted Jan 17, 2018, 2:29 PM
bgsrand bgsrand is offline
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Jesus Chicago is cheap.
They were facing a 35K special assessments for the smaller units. Seems like they got got a hell of a premium considering what the alternative was. Yes, still cheap in relation to other markets.
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  #10300  
Old Posted Jan 17, 2018, 3:25 PM
LouisVanDerWright LouisVanDerWright is offline
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What happens in the event of a condo deconversion to anyone who is underwater on their mortgage at the buyout price? Is that just a case of "too bad, so sad" for the bank and the owner? This type of stuff is exactly why I'll never own a condo, you could be living there, making payments just fine, loving the place, loving the location, and 3/4 of your neighbors decide to sell and you are just SOL. If you don't like the price, too bad. If you are underwater, too bad...
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