CHICAGO | 700 W. Chicago (Halsted Landing) | 4 Towers | 650 - 500 FT | 57 - 44 FLOORS

[Zapatan]

What a joke, better not to propose anything at all if they don't plan on at least starting it within the next year or two.

I hope Halsted Point's start date is much sooner. That way we can have 10-15 years of nonstop construction.

[sentinel]

Landscape design is meh, especially those pavers. But I like the towers.

[rgarri4]

Yeah is there a reason the start date is so far off? So much can go wrong in 5 years

[r18tdi]

Originally Posted by rgarri4

Yeah is there a reason the start date is so far off? So much can go wrong in 5 years

An Onni rep has gone on the record saying they wanted to wrap up Halstead Pointe before starting on Halstead Landing. The former is four towers that would likely be built and financed one at a time. Things can improve in the meantime, but getting projects out of the ground is difficult right now.

[dreamy-developer]

Originally Posted by r18tdi

An Onni rep has gone on the record saying they wanted to wrap up Halstead Pointe before starting on Halstead Landing. The former is four towers that would likely be built and financed one at a time. Things can improve in the meantime, but getting projects out of the ground is difficult right now.

This is exactly what I said a few thread pages back. I swore I heard a rep in a way earlier meeting mention that they wanted to wrap up Halstead Pointe before starting 700 W

[BrickellBased]

Almost feels like a waste of time and resources to be discussing and planning something this far in advance - especially the later phases.

Not sure if there is some greater strategy here - maybe more lead time to search for financing given approvals. I imagine if financing were to fall into place these timelines coul move up considerably.

Originally Posted by rgarri4

Yeah is there a reason the start date is so far off? So much can go wrong in 5 years

[r18tdi]

Originally Posted by BrickellBased

Not sure if there is some greater strategy here - maybe more lead time to search for financing given approvals. I imagine if financing were to fall into place these timelines coul move up considerably.

Maybe I'm being cynical, but getting entitlements for a big project like this can increase the site's value and gives the developer options to sell if needed. That said, Onni is known for hanging on to their properties much longer than their peers.

[BVictor1]

Deferred again... We'll see if it happens in June.

I did get on record in favor of this proposal...

[Zapatan]

Originally Posted by rgarri4

Yeah is there a reason the start date is so far off? So much can go wrong in 5 years

True but it can also go right, I really hope interest rates are lower and demand / general morale regarding building is back by that point.

I know it's crazy to think positively these days but hey...

Almost feels like a waste of time and resources to be discussing and planning something this far in advance - especially the later phases.

It must be costing them a lot to hold onto these sites.

An Onni rep has gone on the record saying they wanted to wrap up Halstead Pointe before starting on Halstead Landing. The former is four towers that would likely be built and financed one at a time. Things can improve in the meantime, but getting projects out of the ground is difficult right now.

That's good news, I like that project a little more and this way we'd have nonstop development for the foreseeable future.

[Randomguy34]

Originally Posted by BVictor1

Deferred again... We'll see if it happens in June.

Lol maybe the real reason they don't anticipate construction until 2029 is cause the Plan Commission keeps deferring them every month

[BVictor1]

Originally Posted by Randomguy34

Lol maybe the real reason they don't anticipate construction until 2029 is cause the Plan Commission keeps deferring them every month

The developers are deferring it themselves.