[Chicago E]

With the Vista Tower looking to be completed by the end of this year or early next do you think construction lenders/take out lenders are waiting to see how this project does before they commit to another large residential tower (i.e. Related's proposal at the old Spire site or even The Chicago Square proposal)? Common sense would make me think that there might soon be a glut of residential in the CBD area but then you hear of more relocations of companies downtown or expansions like Salesforce. Hard to guesstimate the supply and demand equilibrium in this boom market of Chicago.