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  #1021  
Old Posted Jan 17, 2019, 5:20 PM
alegalvvan94 alegalvvan94 is offline
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Not sad about this if true. Did not like the way it looked in the skyline or that crown.
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  #1022  
Old Posted Jan 17, 2019, 7:56 PM
lu9 lu9 is offline
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On life support?

FWIW, got this today in an email from Chicago Agent Magazine



"dead" might be too strong a word at the moment...
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  #1023  
Old Posted Jan 18, 2019, 3:14 AM
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Originally Posted by Steely Dan View Post
not surprising. serves the developer right for stupidly ditching jahn's initial cantilevered boxes design. that iteration was spectacular.

i was only ever excited about this one as a skyline "height bridge" between the loop and the south wall. the wonky design never did fully grow on me.
That's kind of how I feel about this tower. I'll wait until we get an official announcement though until I give up on this tower. Stranger things have happened.
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  #1024  
Old Posted Jan 18, 2019, 3:20 AM
marothisu marothisu is offline
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Originally Posted by lu9 View Post
FWIW, got this today in an email from Chicago Agent Magazine



"dead" might be too strong a word at the moment...
Time for someone or some people to go and ask what the deal is
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  #1025  
Old Posted Jan 18, 2019, 3:30 AM
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Quote:
Originally Posted by lu9 View Post
FWIW, got this today in an email from Chicago Agent Magazine



"dead" might be too strong a word at the moment...
Maybe not dead, but if they are introducing new convertible floor plans at this point something about their mix wasn't working.

The website doesn't look like it was updated to show where these units are, but I would be curious to see just how many of these presumably smalller and cheaper units there are and what was cut to make room for them. The unit count must have gone up too then, right?
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  #1026  
Old Posted Jan 18, 2019, 4:24 AM
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Originally Posted by Steely Dan View Post
not surprising. serves the developer right for stupidly ditching jahn's initial cantilevered boxes design. that iteration was spectacular.
This.
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  #1027  
Old Posted Jan 18, 2019, 5:12 AM
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So yall wanna go in and build a thing here? I mean who really needs a retirement profile?
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  #1028  
Old Posted Jan 18, 2019, 6:27 AM
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*waits for Related to buy it*
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  #1029  
Old Posted Jan 18, 2019, 8:03 AM
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*waits for Related to buy it*
^^^
111 W Wacker inbound...
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  #1030  
Old Posted Jan 18, 2019, 1:40 PM
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Slight correction, 37 units sold, not 34. Still pretty bad
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  #1031  
Old Posted Jan 18, 2019, 6:49 PM
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So is this event they're having going to redesign the interior spaces to be more cost effect/efficient, or could we anticipate a height reduction or design change? What is at play here? And how will this affect the timeline. I remember this time last year they wanted to break ground Q1 2019, if all goes well (which is a big IF) would we expect a possible ground breaking in 2020, and at that point will the market be too cool for this to even launch...

Basically what I'm feeling now is that its window for breaking ground is 2019. If it doesn't get off ground this year we're gonna be looking at lot till at least 2025.
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  #1032  
Old Posted Jan 18, 2019, 7:07 PM
PittsburghPA PittsburghPA is offline
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With the amount of residential projects in the South Loop that have come to fruition since this projects inception what are the chances this lot pivots to office tower? Whether it be this developer or another?
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  #1033  
Old Posted Jan 18, 2019, 7:36 PM
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Originally Posted by PittsburghPA View Post
With the amount of residential projects in the South Loop that have come to fruition since this projects inception what are the chances this lot pivots to office tower? Whether it be this developer or another?
The question relating to an office tower is if the lot is big enough. Because keep in mind decent sized office towers need quite a bit more space than residential towers (due to all the elevators needed the cores get big).

Idk how large the actual property of 1000 Michigan Ave is but looking at renderings the footprint looks to only go to about the back of 1006 Michigan Ave and that definitely would be too small for an office tower. But the neighboring lots could obviously probably be acquired if a developer really wanted to put an office tower there.
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  #1034  
Old Posted Jan 18, 2019, 8:15 PM
The Lurker The Lurker is offline
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Is there really a market for a major office tower in this location?
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  #1035  
Old Posted Jan 18, 2019, 8:18 PM
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Originally Posted by The Lurker View Post
Is there really a market for a major office tower in this location?
Although I've lived in the south loop for 7 years, I can't speak to its demand or potential for an office tower. That said, 1000M's footprint and adjacent parking lot would make it a good candidate for a decently tall office tower.
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  #1036  
Old Posted Jan 18, 2019, 8:30 PM
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This lot is too far from major transit hubs for office. And smart companies don't pay for amazing views for workers who aren't supposed to be looking out the windows.

There are still tons of parking lots in better spots than this that would be developed first.
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  #1037  
Old Posted Jan 18, 2019, 8:40 PM
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Originally Posted by aaron38 View Post
This lot is too far from major transit hubs for office. And smart companies don't pay for amazing views for workers who aren't supposed to be looking out the windows.

There are still tons of parking lots in better spots than this that would be developed first.
The Roosevelt CTA stop is a block and a half away, there are tons of buses on Michigan have and near, and there's several Metra stops not too far away. I don't think transportation is an issue for this site.
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  #1038  
Old Posted Jan 18, 2019, 9:42 PM
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Originally Posted by HomrQT View Post
The Roosevelt CTA stop is a block and a half away, there are tons of buses on Michigan have and near, and there's several Metra stops not too far away. I don't think transportation is an issue for this site.
I agree. It's close to Red/Green/Orange lines, and not too far from Brown/Pink/Purple, plus all the Michigan Avenue bus routes and the Metra stops in Grant Park.

I do agree that it's not the most attractive location for an office, but in a few cycles, once there are no more lots available in the CBD, who knows?
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  #1039  
Old Posted Jan 18, 2019, 9:53 PM
PittsburghPA PittsburghPA is offline
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Originally Posted by aaron38 View Post
This lot is too far from major transit hubs for office. And smart companies don't pay for amazing views for workers who aren't supposed to be looking out the windows.

There are still tons of parking lots in better spots than this that would be developed first.
As far as the views, what about every office tower in the Loop and LSE looking towards the park and the lake? Also your idea of "smart companies" sound like the Chinese firms that need suicide nets outside of their windows haha.
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  #1040  
Old Posted Jan 23, 2019, 12:43 AM
AlpacaObsessor AlpacaObsessor is offline
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Quote:
Originally Posted by aaron38 View Post
This lot is too far from major transit hubs for office. And smart companies don't pay for amazing views for workers who aren't supposed to be looking out the windows.

There are still tons of parking lots in better spots than this that would be developed first.
I agree with you in regards to the transit. Sure it's definitely not a transit desert, but it's still inconvenient for metra commuters to have to tack on an extra 15 minute shuttle ride to an already 45 minute+ commute. If you look at pretty much every new office tower that's been constructed over the past few years they've all been in the West Loop close to Union and Ogilvie stations.
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