CHICAGO | Highrise Projects & Construction - Page 192

Chicago Shawn · #**3821** Posted: **Apr 13, 2010, 3:35 PM**

I haven't seen this reported here before...

Silver Tower has been foreclosed on by Bank of America. Crain's has all the details.

http://www.chicagorealestatedaily.co...ws.pl?id=37381

intrepidDesign · #**3822** Posted: **Apr 13, 2010, 5:19 PM**

200 W Lake is looking really nice. I've scoured the internet and I can't find anything showing what they plan to do on top of the garage, does anyone know their plans? The glass looks pretty good.

the urban politician · #**3823** Posted: **Apr 13, 2010, 5:27 PM**

Quote:

Originally Posted by jc5680

This newish looking sign is at the Catalyst site.

^ Definitely new.

I passed by that site about 2 days ago and didn't see that sign there then

ardecila · #**3824** Posted: **Apr 13, 2010, 6:06 PM**

Quote:

Originally Posted by intrepidDesign

200 W Lake is looking really nice. I've scoured the internet and I can't find anything showing what they plan to do on top of the garage, does anyone know their plans? The glass looks pretty good.

There will be a green roof on the 11th floor and then a sun deck on the 12th.

spyguy · #**3825** Posted: **Apr 13, 2010, 9:49 PM**

From BidClerk:

Site work and new construction for a mutli-residential building in Chicago. Preliminary plans call for the construction of a 12-story, 220,000-square-foot building for 223 dwelling units as per plans. This project is still preliminary and is curr...Est. Start Date April 2010

Site work and new construction of a multi-residential building in Chicago. Schematic plans call for the construction of a 36-story building to house 304 residential units and ground-floor retail space. A 248-space subterranean parking garage is als... Est. Start Date September 2010

Site work and new construction of a national chain hotel in Chicago. Schematic plans call for the construction of an 18-story building to house approximately 200 guest rooms and five stories of office space. The ground floor will house a branded re... Est. Start Date February 2011

J_M_Tungsten · #**3826** Posted: **Apr 13, 2010, 10:45 PM**

What areas are these proposed for?

SamInTheLoop · #**3827** Posted: **Apr 14, 2010, 4:33 AM**

^ I'm fairly certain the 36-story proposal is an active proposal and is the apartment tower planned by Jupiter Realty and designed by SCB for Washington and Jefferson. Pretty strong design overall. It's been pulled from the Plan Commission agenda previously, wouldn't be surprised if that had something to do with a certain panderhappy alderman wavering in a light breeze as the Fulton River District Association ridiculously considered it something like 80 feet too tall and 100 units too many....seriously, wtf?! No, seriously?! At Washington and Jefferson, this proposal is too tall and dense?? I seriously hope Reilly is thinking semi-clearly on this one and not exclusively focusing on getting every single vote possible in Feb. from the 'Fulton River' area....

I'm also pretty sure that the 18-story proposal is the Aloft hotel in the South Loop on Wabash by ECD.....I forget the architect (could have been Jackie Koo again as in ECD's the Wit, but not positive). I have no idea what the status is of this proposal - ECD's recently redesigned website doesn't feature the project as it had been on their old website......whatever you like to read into that...

ardecila · #**3828** Posted: **Apr 14, 2010, 8:50 AM**

^ Yea, it's Koo and Associates.

harryc · #**3829** Posted: **Apr 15, 2010, 6:19 PM**

Full set

As low as it goes

Would anyone know why the sheet piles have been capped off like this ?

photoLith · #**3830** Posted: **Apr 15, 2010, 6:20 PM**

How tall is that going to be?

Loopy · #**3831** Posted: **Apr 15, 2010, 6:21 PM**

.

spyguy · #**3832** Posted: **Apr 15, 2010, 10:45 PM**

Chicago Journal article on The Gateway project. I'm sure you'll be surprised to read that some residents are complaining about the height, but I'll only post the part about the corner bank building.

http://www.chicagojournal.com/News/0...iliar_critique

A familiar critique
By MICAH MAIDENBERG

What about the existing building?
...The property is owned by Nebel Inc., according to public records, a Illinois-registered entity that lists Alexandre Bavastro as its president and Frederick Bavastro as its secretary.

Sy Taxman didn’t name them specifically at last week’s meeting, only referring to “two brothers” who live in Monaco and who rebuffed his firm’s attempts to involve them in the Gateway project.

Taxman said his team had given up on incorporating their building in the plans. “They’re very unrealistic,” he said, especially about parking issues.

ardecila · #**3833** Posted: **Apr 16, 2010, 4:07 AM**

Is it good or bad that the site is in Burnett's ward as opposed to Fioretti's?

Also, that developer has possibly the most unfortunate name possible for somebody in real estate.

SamInTheLoop · #**3834** Posted: **Apr 16, 2010, 2:42 PM**

Quote:

Originally Posted by ardecila

Is it good or bad that the site is in Burnett's ward as opposed to Fioretti's?

Also, that developer has possibly the most unfortunate name possible for somebody in real estate.

Regarding Burnett, from the April 14 Chicago Journal article:

Ald. Walter Burnett (27th), whose ward includes the project site, refused to say if he’ll support the zoning change needed for the project. It’s up to the developers to satisfy residents, according to Burnett, including on the height issue.

“How do they do that? I don’t know,” he said. “But that’s on them.”

Burnett said after the meeting he warned the development team that residents would oppose the rental tower height.

So for Burnett to support a zoning change, he needs unanimous neighborhood support? I know we're only 10 months away from city elections and there will be all sort of increasing nonsense from our lovely alderhacks, but the last time I checked this is still an indirect democracy (implying that once in a long while city legislators might actually take a true position on an issue!)

And then there was this gem reported on in the article:

“It creates a canyon affect,” said neighbor Serpil Emre, when asked why she opposes the tower. Tall buildings “stick out like a sore thumb” in an area where most structures are no more than five stories, Emre went on to say.

Ok, that makes absolutely no sense whatsoever. A single high-rise, so atypical that it sticks out like a sore thumb in the area, will nevertheless create a canyon effect. Huh?

At least it was refreshing to hear some semblance of common sense, clear-thinking from one in attendance at the meeting:

Frank Ray, who lives in the 900 block of W. Madison, a block west of the proposed project, didn’t think the Taxman group was proposing anything unreasonable. “That’s not a problem,” Ray said of the tower. “It’s a very small footprint for a high rise.”

Maybe this city needs a series of 'Strong Plan Commission/Weak Council' reforms.......in absence of complete unravelling of Aldermanic Prerogative?

Taft · #**3835** Posted: **Apr 16, 2010, 2:58 PM**

Quote:

Originally Posted by spyguy

Chicago Journal article on The Gateway project. I'm sure you'll be surprised to read that some residents are complaining about the height, but I'll only post the part about the corner bank building.

http://www.chicagojournal.com/News/0...iliar_critique

A couple comments by the NIMBYs in that article are off the charts crazy:

Quote:

“It’s way taller,” noted Bridget Dore during the meeting. “Property values are very high here. I looked at the South Loop — property values tanked there because they built high.”

I think real estate professionals and developers need to get this woman on the payroll right now. Her omniscience on the causes of price changes would surely be useful.

But seriously, this kind of simplistic thinking and certainty really piss me off...

spyguy · #**3836** Posted: **Apr 16, 2010, 7:56 PM**

Harrison & Wells for $41 million and now this:

http://www.chicagorealestatedaily.co...ws.pl?id=37855

Rezmar site in South Loop up for sale again
A 60-acre South Loop development site once controlled by convicted political fundraiser Antoin “Tony” Rezko is back on the market. An affiliate of Luxembourg-based conglomerate General Mediterranean Holding SA (GMH) has hired CB Richard Ellis Inc. to sell the Riverside Park parcel at the southwest corner of Roosevelt Road and Clark Street. The property is being offered without an asking price, and GMH is willing to sell off a joint-venture stake or subdivide the land for parties that don’t want the entire site, says CB Richard Ellis Senior Associate Marcello Campanini. The GMH affiliate paid about $131 million for the parcel in 2005, acquiring it from Mr. Rezko’s development firm, Rezmar Corp., which had planned to build about 4,600 residential units and 670,000 square feet of retail space there. GMH hired brokers in 2006 to sell off 17 acres within the site but never consummated a deal. Attempts to reach a local GMH representative were unsuccessful. Newsletter Real Estate Alert first reported that the site has been put up for sale.

i_am_hydrogen · #**3837** Posted: **Apr 16, 2010, 8:08 PM**

Quote:

Originally Posted by spyguy

Harrison & Wells for $41 million and now this:

http://www.chicagorealestatedaily.co...ws.pl?id=37855

Rezmar site in South Loop up for sale again
A 60-acre South Loop development site once controlled by convicted political fundraiser Antoin “Tony” Rezko is back on the market. An affiliate of Luxembourg-based conglomerate General Mediterranean Holding SA (GMH) has hired CB Richard Ellis Inc. to sell the Riverside Park parcel at the southwest corner of Roosevelt Road and Clark Street. The property is being offered without an asking price, and GMH is willing to sell off a joint-venture stake or subdivide the land for parties that don’t want the entire site, says CB Richard Ellis Senior Associate Marcello Campanini. The GMH affiliate paid about $131 million for the parcel in 2005, acquiring it from Mr. Rezko’s development firm, Rezmar Corp., which had planned to build about 4,600 residential units and 670,000 square feet of retail space there. GMH hired brokers in 2006 to sell off 17 acres within the site but never consummated a deal. Attempts to reach a local GMH representative were unsuccessful. Newsletter Real Estate Alert first reported that the site has been put up for sale.

Finally.

ChicagoismynewBlog · #**3838** Posted: **Apr 17, 2010, 2:01 PM**

BREAKING GROUND: BMX DIRT TAKES OVER ABANDONED CONSTRUCTION SITE  FOR RED BULL STOMPING GROUND

http://bmx.transworld.net/1000098522...st-in-chicago/

CHICAGO (March 22, 2010) –

This summer, one man’s pile of dirt will become another man’s treasure. Red Bull Stomping Ground will transform an abandoned construction zone into the ultimate dirt playground in Chicago on May 15, 2010. Thousands will be able to witness a BMX dirt competition that will bring the tricks of the trails to an urban mecca, as riders from all over the world will meet in the Windy city to prove who has the best skills.

The abandoned construction site at the corner of Wells and Harrison in the heart of the city will be morphed into a one-of-a-kind BMX field of dreams. With a course designed by BMX legend Fuzzy Hall, dirt jumps will be mixed with found items in the construction site to challenge riders in a truly urban setting. Unlike many contests where the course must be built in several days, Red Bull Stomping Ground will be shaped over 3 weeks, giving ample time for the mind of Hall to run wild. He promises “turns, twists, hips, tons of options and just fun.”

Red Bull Stomping Ground’s style, setting, course and format will establish the top level BMX riders to put their skills on display. Twenty top BMX dirt athletes will be invited to compete and to kick start the dirt contest season, ride with friends, explore the city and show off what tricks they learned in the off-season. The qualifying round for invited professional athletes will take place on May 14th prior to the main event, as twenty five additional riders vie for one of the five open spots in Saturday’s exclusive contest....

Thought this was pretty interesting, especially following the above posts.

http://chicagoismynewblog.wordpress.com

ardecila · #**3839** Posted: **Apr 17, 2010, 5:36 PM**

It's not a construction site, just a vacant lot. I don't know what 'found items' they're going to use. A bum's shopping cart?

Nowhereman1280 · #**3840** Posted: **Apr 17, 2010, 6:16 PM**

^^^ hopefully the St. Charles Air Line Bridge as a jump over the river...