CHICAGO | St. Regis Chicago (Vista) | 1,191 FT | 101 FLOORS

[TimeAgain]

Originally Posted by Chris1jt

Not sure what's giving you and Louis the impression that sales have "flatlined" after hitting "20-25%." The May 31 figures (http://www.scmp.com/property/hong-ko...ential-project) stated that "about 80 units" were under contract.

This July 13 article (http://www.chicagotribune.com/busine...713-story.html) states that 110 are under contract. A difference of 30 units... The sales center has only been open since April, so if you assume an average of about 27 units going under contract per month (over four months), then the pace is staying pretty steady.

I think people are just nervous about this thing getting started.

[SamInTheLoop]

^ Agree........nothing I've seen in the pre-sales figures in themselves really concerns me. Like many here, I'm very eager to see how this project is being financed - amount and percentage both debt and equity, the specific sources within each, etc.



What I do find quite concerning, however, are these very credible reports of significant VE underway, particularly with respect to the facade.....and it should concern us all here......

[Jibba]

^Aye.

[intrepidDesign]

Originally Posted by SamInTheLoop

^ Agree........nothing I've seen in the pre-sales figures in themselves really concerns me. Like many here, I'm very eager to see how this project is being financed - amount and percentage both debt and equity, the specific sources within each, etc.



What I do find quite concerning, however, are these very credible reports of significant VE underway, particularly with respect to the facade.....and it should concern us all here......

I'm so god dammed sick of this bait and switch BS. If I was a buyer I would be pissed if this is indeed true. What kind of reports have you heard? Lower quality glass kinda stuff or huge things like removal of the frustum level of shittery.

[LouisVanDerWright]

^^^ The entire concept of the frustrum has been toast since they decided all glass would be vertical, not slanted in or out. Now it's a building with floorplates that move slightly in and out in a way that evokes frustrums.

Also, my comments about the sales figures must have been mistaken, I could have sworn they've been quoting over 100 sold for a couple of months now.

[intrepidDesign]

Originally Posted by LouisVanDerWright

^^^ The entire concept of the frustrum has been toast since they decided all glass would be vertical, not slanted in or out. Now it's a building with floorplates that move slightly in and out in a way that evokes frustrums.

Also, my comments about the sales figures must have been mistaken, I could have sworn they've been quoting over 100 sold for a couple of months now.

No, i know it's not frustums in the pure sense of the word. I guess what I was asking is if the level of VEing is going full bore vertical box with no evocation of frustums or is the VEing a matter of glass quality/tint variation.

[rlw777]

Originally Posted by intrepidDesign

I'm so god dammed sick of this bait and switch BS. If I was a buyer I would be pissed if this is indeed true. What kind of reports have you heard? Lower quality glass kinda stuff or huge things like removal of the frustum level of shittery.

If the rumors are true then most likely lower quality materials or less color variation in the glass something along those lines. They aren't going to do big modifications to the design and risk current contracts.

[Skyisnolimit]

I sure hope they don't change much to this project as the earlier renderings this tower IMO is the nicest residential tower in North America .

[Ned.B]

^^I would think that squaring off the building would be largely out of the question at this point with units being pre-sold, as it would change the area of the units that are under contract.

[sox102]

Originally Posted by LouisVanDerWright

^^^ The entire concept of the frustrum has been toast since they decided all glass would be vertical, not slanted in or out. Now it's a building with floorplates that move slightly in and out in a way that evokes frustrums.

Also, my comments about the sales figures must have been mistaken, I could have sworn they've been quoting over 100 sold for a couple of months now.

McHugh is trying to put window wall on this project. Searching for the lowest cost possible options.

[XIII]

The renderings on the website show the fully vertical windows and some seem to show reduced grading on the glass. Even then, it is still a good looking building.
Then again, I'm on record as a fan of Gang's work, so YMMV

http://www.vistatowerchicago.com/

[SamInTheLoop]

Originally Posted by sox102

McHugh is trying to put window wall on this project. Searching for the lowest cost possible options.

Not cool. At all.

So much for this project not being your typical Magellan chop job.....

[BVictor1]

Foundation work to begin in August and last about 8 months.

[nergie]

Originally Posted by BVictor1

Foundation work to begin in August and last about 8 months.

BV we just missed each other, I attended the community meeting

Groundbreaking August
Caissons will be drilled down to rock and take 5-6 months
Then building back up to foundation will take 2-3 months
Vertical construction will be 20-24 months
Expect first condo to be occupied 48 months after ground breaking
Two towe cranes, one on tallest section another on shortest section
McHugh will rebuild middle Wacker Drive bridge and extend it
Lower Wacker will remain open but with lane closures
Gems HS is being built by Power, estimate when it starts
Pedway will terminate at Vista

Tonight's presentation will be posted at mchughconstruction.com under projects

NIMBYs are total shits, one lady said think of the noise and I said it's the city. She was dumbfounded.

Alderman was a no show, po'ed all the NIMBYs. I missed the presentation but spoke with Magellan and McHugh Execs

[rlw777]

Originally Posted by nergie

BV we just missed each other, I attended the community meeting

Groundbreaking August
Caissons will be drilled down to rock and take 5-6 months
Then building back up to foundation will take 2-3 months
Vertical construction will be 20-24 months
Expect first condo to be occupied 48 months after ground breaking
Two towe cranes, one on tallest section another on shortest section
McHugh will rebuild middle Wacker Drive bridge and extend it
Lower Wacker will remain open but with lane closures
Gems HS is being built by Power, estimate when it starts
Pedway will terminate at Vista

Tonight's presentation will be posted at mchughconstruction.com under projects

NIMBYs are total shits, one lady said think of the noise and I said it's the city. She was dumbfounded.

Alderman was a no show, po'ed all the NIMBYs. I missed the presentation but spoke with Magellan and McHugh Execs

What's that about Gems HS? did they say something about a Gems HS start date?

[BVictor1]

Originally Posted by nergie

BV we just missed each other, I attended the community meeting

Groundbreaking August
Caissons will be drilled down to rock and take 5-6 months
Then building back up to foundation will take 2-3 months
Vertical construction will be 20-24 months
Expect first condo to be occupied 48 months after ground breaking
Two towe cranes, one on tallest section another on shortest section
McHugh will rebuild middle Wacker Drive bridge and extend it
Lower Wacker will remain open but with lane closures
Gems HS is being built by Power, estimate when it starts
Pedway will terminate at Vista

Tonight's presentation will be posted at mchughconstruction.com under projects

NIMBYs are total shits, one lady said think of the noise and I said it's the city. She was dumbfounded.

Alderman was a no show, po'ed all the NIMBYs. I missed the presentation but spoke with Magellan and McHugh Execs

Yup... Cool info

To be honest the meeting was a bit of a cluster. The notices mentioned Q&A, but the alderman wasn't there and wanted people to submit their questions.

The one question that got to me was when one guy asked why Field Blvd had to be closed throughout the duration... Dumbass, because they're building a nearly 100 story building above the roadway.


-Foundations August 2016 - April 2017
-Building striation April 2017 - September 2019
-Enclosure July 2017 - September 2019
-Interior construction until 2020
-U-turn at end of upper Wacker Drive will close

Also, as reported earlier, there will be a liquid tuned mass-damper.

[BVictor1]

Originally Posted by rlw777

What's that about Gems HS? did they say something about a Gems HS start date?

Nope. I asked on the side and was told it can start whenever.

[nergie]

Originally Posted by BVictor1

Yup... Cool info

To be honest the meeting was a bit of a cluster. The notices mentioned Q&A, but the alderman wasn't there and wanted people to submit their questions.

The one question that got to me was when one guy asked why Field Blvd had to be closed throughout the duration... Dumbass, because they're building a nearly 100 story building above the roadway.


-Foundations August 2016 - April 2017
-Building striation April 2017 - September 2019
-Enclosure July 2017 - September 2019
-Interior construction until 2020
-U-turn at end of upper Wacker Drive will close

Also, as reported earlier, there will be a liquid tuned mass-damper.

Meeting notice was messed up, that's on Magellan. Actually kinda of glad, did not have to listen to people bitch.

[BVictor1]

Originally Posted by nergie

Meeting notice was messed up, that's on Magellan. Actually kinda of glad, did not have to listen to people bitch.

Listening to the Geritol brigade is sometimes amusing.

93 stories above grade and 5 stories below
192 hotel keys
meeting rooms, ballrooms, and restaurants
406 luxury condos
345 parking spaces

[Ryanrule]

Current view from the aqua.

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