CHICAGO | InterContinental North Tower | 850 FT / 259 M | 71 FLOORS | PRO - Page 16

Haworthia · #**301** Posted **Jun 13, 2008, 11:51 AM**

Quote:

Originally Posted by photolitherland

How is this project urban sprawl. Last time I checked I didnt see any 850 ft towers in my neighborhood

Just a joke. Alliance misspoke and called this project a "suburb building" as opposed to a "superb building".

firstcranialnerve · #**302** Posted **Jun 15, 2008, 4:36 AM**

On the Agenda this is only listed at $60million.. why is the cost so low? I would expect more than 100 for a 70+ storey building.

Nowhereman1280 · #**303** Posted **Jun 15, 2008, 8:09 AM**

^^^ Its probably only for part of the project, perhaps it for the demolition phase or some of the foundation work?

Alliance · #**304** Posted **Jun 15, 2008, 2:34 PM**

*places bets on demo*

ardecila · #**305** Posted **Jun 20, 2008, 9:53 PM**

I hope the limestone from the old tower can be salvaged and used elsewhere... that stuff isn't cheap nowadays.

Chicagoguy · #**306** Posted **Jun 20, 2008, 10:04 PM**

Have they decided on when they are looking to start this? I had heard it was already going to be underway but then business started doing really well and they couldnt afford to not have those rooms available?

BVictor1 · #**307** Posted **Jun 20, 2008, 11:12 PM**

Quote:

Originally Posted by firstcranialnerve

On the Agenda this is only listed at $60million.. why is the cost so low? I would expect more than 100 for a 70+ storey building.

that might just be the shell construction

chicubs111 · #**308** Posted **Feb 2, 2009, 4:43 PM**

Im wondering whats going on with this building?...they stated they wanted to wait till occupancy rates went down so it would be more profitable for them to tear down the neighboring tower and put this one up?...well occupancy rates are way down

trvlr70 · #**309** Posted **Feb 2, 2009, 7:03 PM**

Quote:

Originally Posted by chicubs111

Im wondering whats going on with this building?...they stated they wanted to wait till occupancy rates went down so it would be more profitable for them to tear down the neighboring tower and put this one up?...well occupancy rates are way down

But unfortuneately so is the demand for high end condos. I don't think anything will happen for a long, long time.

Chicagoguy · #**310** Posted **Feb 3, 2009, 6:27 AM**

Quote:

Originally Posted by trvlr70

But unfortuneately so is the demand for high end condos. I don't think anything will happen for a long, long time.

Wait I thought that this was going to more hotel rooms for the most part...

trvlr70 · #**311** Posted **Feb 3, 2009, 2:43 PM**

Quote:

Originally Posted by Chicagoguy

Wait I thought that this was going to more hotel rooms for the most part...

I don't remember what portion of the new structure was planned to be condo or hotel rooms, but the condo portion was significant. As a matter of fact, I don't know that, if built as planned, there would even be any increase in hotel rooms since the existing 50's era wing will be torn down.

Pandemonious · #**312** Posted **Feb 4, 2009, 7:47 AM**

From the renderings, it looks like only the bottom or so 20 floors are hotel (pretty much the entire base section where it attaches to the lower portion of the south tower), unless they will have hotel rooms with balconies, which I doubt...

Steely Dan · #**313** Posted **Feb 4, 2009, 4:38 PM**

it was my understanding that this expansion would result in a net loss of rooms for the hotel, thus the main driving force behind the new tower was the luxury condos, and with the state of the real estate market and the economy................... "outlook not so good"

Roaming · #**314** Posted **Feb 5, 2009, 10:49 PM**

This tower if built will be so incredible in the skyline! Oh well.

BVictor1 · #**315** Posted **Mar 10, 2009, 3:30 PM**

Going to a meeting/presentation on this project this evening.

I have heard a "rumor" that what they wanted to do was get the zoning approval for the tower and then possibly sell it. I'll find out more this evening.

nomarandlee · #**316** Posted **Mar 11, 2009, 10:57 AM**

Well........

modkris · #**317** Posted **Mar 12, 2009, 12:15 AM**

what happened BVic?

chicubs111 · #**318** Posted **Mar 12, 2009, 2:09 AM**

Come on Vic....you come and tease us about this meeting and leave us hanging without a clue????

BVictor1 · #**319** Posted **Mar 13, 2009, 4:26 PM**

Sorry about the delay.

Anyway, this is what i found out:

-This proposal isn't dead, just in a holding pattern. They still want to move forward, but that will be a few years down the line.

-The number of floors hasn't changed, about 71. I'm not sure what the exact height is. I thought I heard about 800', but I didn't get a chance to see the boards.

-There will be about 300 condos and 150 hotel rooms.

-Hotel access will be relocated to Illinois allowing the frontage along Michigan Avenue to be retail/rest.

-They would still like to build a plaza of about 9,000 sq ft. over Grand Ave. The alderman wants at least 50% to be green.

That's all I really have.

Dr. Taco · #**320** Posted **Mar 16, 2009, 2:00 AM**

Thanks for the update, Bvictor