[Buckman821]

Kelleher is dead on about the timing. If you look at what's been happening in NYC, there have been a lot of extremely successful projects in a mold very similar to that of the Chicago Spire (ultra tall, thin, extreme prices, targeting foreign buyers or otherwise people who have more money than god). I think the Chicago Spire was maybe just slightly ahead of its time.

If the Chicago Spire were a new project announced today, I'd be fairly bullish on it. Unfortunately, today it has to overcome its stigma.

In either case, I never thought Kelleher would even be able to pay off his debt. Maybe he does have a few more tricks up his sleeve. It will be fun to watch either way.