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-   -   CHICAGO | One South Halsted | 495 FT | 44 FLOORS (http://forum.skyscraperpage.com/showthread.php?t=226873)

danielschell Jan 30, 2017 8:30 PM

CHICAGO | One South Halsted | 495 FT | 44 FLOORS
 
One South Halsted foundation permit filed Friday 1/27/17

http://wp.me/p7uLxw-259

https://buildingupchicagodotcom.file...g?w=768&h=1160 Image via FitzGerald Associates Architects

Steely Dan Jan 30, 2017 8:35 PM

daniel, thanks for starting this thread.

where's the 472' height figure from? i thought this one was most recently pegged at 495', no?

danielschell Jan 30, 2017 8:40 PM

Quote:

Originally Posted by Steely Dan (Post 7694964)
daniel, thanks for starting this thread.

where's the 472' height figure from? i thought this one was most recently pegged at 495', no?

You're correct; I used residential height, rather than overall. Can it be changed?

Steely Dan Jan 30, 2017 8:56 PM

Quote:

Originally Posted by danielschell (Post 7694972)
You're correct; I used residential height, rather than overall. Can it be changed?

no worries, it's changed.

danielschell Jan 30, 2017 9:02 PM

Rookies, man

Kumdogmillionaire Jan 30, 2017 9:47 PM

One step closer to canyonizing I90! I'm looking forward to this badboy going up, biggest one yet in Greektown

Steely Dan Jan 30, 2017 9:56 PM

Quote:

Originally Posted by Kumdogmillionaire (Post 7695062)
biggest one yet in Greektown

not only that, it will be the tallest building west of the kennedy in the entire state of illinois.

you'd have to travel west to st. louis, des moines, or minneapolis to find a taller building.

danielschell Jan 30, 2017 10:53 PM

Photo from Twitter user @henjealy, at Madison and Halsted. Is it starting already?!

https://c1.staticflickr.com/1/575/31...a46926d5_c.jpg

SteelMonkey Jan 30, 2017 11:03 PM

^
:tup::tup::tup:

BVictor1 Jan 30, 2017 11:23 PM

Quote:

Originally Posted by danielschell (Post 7695136)
Photo from Twitter user @henjealy, at Madison and Halsted. Is it starting already?!

https://c1.staticflickr.com/1/575/31...a46926d5_c.jpg

The parking lot hasn't been closed nor the site cleared.

KWILLSKYLINE Jan 30, 2017 11:26 PM

I would still assume this is a very good sign. But no bannanas till the drills drop.

danielschell Jan 31, 2017 3:04 AM

https://pbs.twimg.com/media/C3d66M6XAAEWh3o.jpg:small

denizen467 Jan 31, 2017 4:32 AM

Quote:

Originally Posted by Steely Dan (Post 7695073)
not only that, it will be the tallest building west of the kennedy in the entire state of illinois.

you'd have to travel west to st. louis, des moines, or minneapolis to find a taller building.

Take that, Oak Brook. And Itasca, etc.

(Oakbrook Terrace Tower: 418ft. Long ago surpassed by Skybridge, but these days it's even more clear the burbs are fading.)

TallBob Jan 31, 2017 5:33 AM

^^ Right On!

The Lurker Jan 31, 2017 6:43 AM

Quote:

Originally Posted by Steely Dan (Post 7695073)
not only that, it will be the tallest building west of the kennedy in the entire state of illinois.

you'd have to travel west to st. louis, des moines, or minneapolis to find a taller building.

Well, The Park Tower condominiums at 5415 North Sheridan (513'), as well as being the tallest building as far North is actually further West than Halsted, but not West of the Kennedy.

Chi-Sky21 Jan 31, 2017 2:17 PM

Narrowing that intersection is going to make that area suck way more around rush hour. Glad i dont to through there much anymore. Happy to see this one being built though. Now that Walgreens lot is just screaming for something....

Steely Dan Jan 31, 2017 3:10 PM

Quote:

Originally Posted by BVictor1 (Post 7695171)
The parking lot hasn't been closed nor the site cleared.

ok, but it sure does look like they're moblizing on this one.

and with the foundation permit in hand, if they've got the financing, why wouldn't they?

LouisVanDerWright Jan 31, 2017 4:13 PM

They are just constructing a sidewalk cover in the street for the hell of it. Obviously not ramping up to build a skyscraper.

Temporary street coverings and the permits to close traffic lanes and sidewalks aren't cheap. They aren't going to do stuff like this unless they are planning on moving quickly. They will probably wait to close the lot until the day the equipment shows up since it's probably already a logistical nightmare for the hotel to be without this lot for 2+ years.

Kumdogmillionaire Jan 31, 2017 4:35 PM

Quote:

Originally Posted by The Lurker (Post 7695709)
Well, The Park Tower condominiums at 5415 North Sheridan (513'), as well as being the tallest building as far North is actually further West than Halsted, but not West of the Kennedy.

I'll be honest I had to look this up since I didn't believe you, but I forgot how the lake tapers inward and isn't just a vertical coast/shore. It might be further west geographically, but the impact on viewing the skyline for this puppy will be much greater when one views it from the North or South.

danielschell Feb 1, 2017 2:51 PM

Looks like someone's planning to be there for awhile.

https://pbs.twimg.com/media/C3lmiWyWEAAMu8t.jpg

https://pbs.twimg.com/media/C3lmiWxWYAAMduc.jpg

maru2501 Feb 1, 2017 4:12 PM

they should probably go ahead and remove the cars before starting construction

danielschell Feb 2, 2017 6:31 AM

Quote:

Originally Posted by maru2501 (Post 7697083)
they should probably go ahead and remove the cars before starting construction

Empty parking lot, 02/02/2017 @ 12:30am

https://pbs.twimg.com/media/C3o95y7WAAEqnoI.jpg

SteelMonkey Feb 2, 2017 7:07 AM

Yep - looks like some cones and vehicles blocking parking area off.

Game on

KWILLSKYLINE Feb 2, 2017 11:01 AM

I know developers cant touch it but, can the they do anything or pay the city to clean up and develop, more trees and bushes on the green area along the side of the expressway ramp? I know the podium is high enough that tenants probably wont see it but that area just looks beat up. I'm sure that is probably at the bottom of the priority list for the city so thats why I ask.

Kippis Feb 2, 2017 1:30 PM

Quote:

Originally Posted by KWILLSKYLINE (Post 7698155)
I know developers cant touch it but, can the they do anything or pay the city to clean up and develop, more trees and bushes on the green area along the side of the expressway ramp? I know the podium is high enough that tenants probably wont see it but that area just looks beat up. I'm sure that is probably at the bottom of the priority list for the city so thats why I ask.

Trees and brush along the expressway tend to trap flying debris and garbage during the winter, unfortunately. In my time living in the area, I can tell you that a handful of homeless folks tend to hole up around in there and may leave their trash behind. Take a walk about the Circle and over by Roosevelt & Des Plaines and you'll see what I mean. May not be as prevalent now due to the reconstruction of the interchange, but still...

I'm sure that it will at least be cleaned up by the City in the spring. Of course, that greenery might be torn out anyway, so we shall see.

Skyguy_7 Feb 2, 2017 6:54 PM

Loan Status: Landed

http://www.chicagobusiness.com/reale...loop-apartment

rlw777 Feb 2, 2017 9:54 PM

Quote:

Originally Posted by Skyguy_7 (Post 7698606)

Interesting Bank of the Ozarks again.

danielschell Feb 2, 2017 9:55 PM

https://pbs.twimg.com/media/C3sRAt4VYAAMZv-.jpg

https://pbs.twimg.com/media/C3sREJUVMAA_7ti.jpg

TEAR IT UP!

TimeAgain Feb 2, 2017 10:00 PM

Quote:

Originally Posted by Skyguy_7 (Post 7698606)

I finally believe this thing is real.

rgolch Feb 2, 2017 10:04 PM

Does this qualify as site prep yet?

LouisVanDerWright Feb 2, 2017 10:31 PM

Quote:

Originally Posted by danielschell (Post 7698866)

Looking forward to some QUALITY parking lot removal...

the urban politician Feb 2, 2017 11:26 PM

Permit and $$

What more does a God-fearin skyscraper lover need?

BVictor1 Feb 3, 2017 1:04 AM

Quote:

Originally Posted by the urban politician (Post 7698993)
Permit and $$

What more does a God-fearin skyscraper lover need?

Drills spinning...

I guess I was wrong about this getting started soon.

I also thought Wolf Point West would be the next start.

In this case, I don't mind being wrong.

danielschell Feb 3, 2017 2:57 PM

Does tree demolition count? Because that is some Quality tree demolition right there.

https://pbs.twimg.com/media/C3v6z_BXAAAs5uC.jpg

https://pbs.twimg.com/media/C3v60eDXUAAA3FU.jpg

Notyrview Feb 3, 2017 2:58 PM

😂 Glad you are perched right above the site

danielschell Feb 3, 2017 3:05 PM

Quote:

Originally Posted by Notyrview (Post 7699584)
😂 Glad you are perched right above the site

I just hope I remember to eat meals and take showers, go to work, sleep, stuff like that, instead of staring out the window. I still have 625 West Adams right behind me, too.

https://c1.staticflickr.com/1/292/31...926e2ba6_c.jpg

KWILLSKYLINE Feb 3, 2017 3:10 PM

It's alive....It's Alive!!!!!. How long does parking lot demo usually take? Longer with electric running underneath im sure. But didn't mich/roosevelt only take about week or little more. Fingers crossed drills drop by the end of the month.

BVictor1 Feb 3, 2017 3:24 PM

Quote:

Originally Posted by KWILLSKYLINE (Post 7699596)
It's alive....It's Alive!!!!!. How long does parking lot demo usually take? Longer with electric running underneath im sure. But didn't mich/roosevelt only take about week or little more. Fingers crossed drills drop by the end of the month.

It all depends on what's below the surface. We have a loan now so no need to have your fingers crossed, it's happening.

danielschell Feb 3, 2017 3:32 PM

There is parking lot carnage. This sucker is real. http://wp.me/p7uLxw-2bg

https://buildingupchicagodotcom.file....jpg?w=1250&h=

https://buildingupchicagodotcom.file....jpg?w=1301&h=

SamInTheLoop Feb 3, 2017 7:20 PM

In yesterday's article in Crain's about the developers landing their loan from Bank of the Ozarks, Fifield's role was discussed - they actually have no equity in the development, and to me it sounds as if they are developing the project for a fee from the actual owners, who presumably may not have been able to pull this project off as developer themselves.....

BVictor1 Feb 4, 2017 8:10 PM

Quote:

Originally Posted by SamInTheLoop (Post 7699908)
In yesterday's article in Crain's about the developers landing their loan from Bank of the Ozarks, Fifield's role was discussed - they actually have no equity in the development, and to me it sounds as if they are developing the project for a fee from the actual owners, who presumably may not have been able to pull this project off as developer themselves.....

Sounds pretty smart.

They'll probably sell the tower after completion and cash out.

http://www.chicagotribune.com/busine...202-story.html

Construction begins on tallest tower west of Kennedy Expressway

Corilyn Shropshire
Contact Reporter
Chicago Tribune

Quote:

Construction is underway on a luxury skyscraper that will be the tallest building in the city west of the Kennedy Expressway.

Co-developers Fifield Cos. and Skokie-based F&F Realty recently broke ground on a 44-story, 490-foot-tall tower that will bring 492 apartments and 375 parking spaces to the city's West Town neighborhood, near Greektown.

Mark Lecocq, a senior vice president at Fifield, said a name for the building, on Madison Street just east of Halsted Street, had not been decided. The completed building is expected to be valued at roughly $280 million, he said.

Rents for the apartments, which will range from studios to three-bedroom units, haven't been decided and will be based on the going market rates in 2019 when the building is expected to be completed. The building also will include 10,200 square feet of retail.

SolarWind Feb 4, 2017 10:14 PM

February 3, 2017







625 W Adams, in the background, on the right hand side

BVictor1 Feb 4, 2017 11:18 PM

Bye-bye parking lot.

left of center Feb 5, 2017 2:36 AM

And another Greektown parking lot bites the dust. I remember Arkadia tower being built several years ago and wondering when this lot would finally meet the same fate.

Now if we can only get Walgreens to sell their full block property...

KWILLSKYLINE Feb 5, 2017 7:08 AM

Solar...that presidential towers shot is amazing. Keep up the good work.

the urban politician Feb 5, 2017 1:37 PM

That view of the skyline is about to be gone forever

danielschell Feb 5, 2017 1:53 PM

Live

https://c1.staticflickr.com/1/302/31...9d2286c3_c.jpg

SamInTheLoop Feb 6, 2017 4:02 PM

Quote:

Originally Posted by BVictor1 (Post 7700869)
Sounds pretty smart.

They'll probably sell the tower after completion and cash out.

http://www.chicagotribune.com/busine...202-story.html

Construction begins on tallest tower west of Kennedy Expressway

Corilyn Shropshire
Contact Reporter
Chicago Tribune


No idea what the actual owner will do once the project delivers.....I don't know that we have too much of a track record on F&F to suggest whether they are likely to be a long-term holder or a build and seller. If Fifield were the owner, or had a substantial ownership stake, than yes, I'd be inclined to think that if the market were right, they would look to sell. That's one major key in the end - market conditions upon delivery. A lot can change in 2-3 years. Even if it's a preferred build and sell player, when the market works against you, often if you can, you hold....

r18tdi Feb 6, 2017 5:03 PM

Quote:

Originally Posted by danielschell (Post 7701469)

It's an OK location for a new development, but sort of in a food desert. ;)

LouisVanDerWright Feb 6, 2017 11:58 PM

Quote:

Originally Posted by r18tdi (Post 7702372)
It's an OK location for a new development, but sort of in a food desert. ;)

Don't worry, I heard they are building a McDonalds a few blocks away.


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