SA Question

METALMiKE · #1 Posted **Jan 1, 2007, 6:53 PM**

What building is this?

and Why hasn't it been finished?

texboy · #2 Posted **Jan 1, 2007, 7:06 PM**

That was/is supposed to be a condo retail development that fell through when I believe the developer got sued or filed bankruptcy (correct me if Im wrong) I believe the project has either been handed over to a new owner or they are in the process of doing so...I believe it is in the River North redevelopment zone, so I don't believe this will be sitting unfinished for very much longer.

...Ill try and find a newpaper article....

kornbread · #3 Posted **Jan 1, 2007, 8:26 PM**

^^^ You're right. The original developer defaulted on his loan. It was handed over to HUD who insured the loan. They auctioned it off to another developer. This transaction went to court, but I believe the developer that acquired the property won the case. They had indicated they were planning to rework, but ultimately finish the project.

I think the original plan called for apartments. It sounded like they wanted to work in some permanent residences. We'll see...

METALMiKE · #4 Posted **Jan 1, 2007, 8:33 PM**

Cool.Thanks for the info guys.

KevinFromTexas · #5 Posted **Jan 2, 2007, 12:56 PM**

Ah, is that what that is. I remember seeing the crane up for this one a few years ago. Then that arched roof part never seemed to get finished. I never got close enough to it to check it out, I just assumed that was part of the design. It looks like an interesting project, it'd be great if it were completed.

swissspice · #6 Posted **Jan 8, 2007, 4:55 AM**

The new buyer of the property indicated in August or September that construction could resume in late October, but as of last week, there hasn't been any new activity.

alexjon · #7 Posted **Jan 8, 2007, 9:18 AM**

That's a few blocks from my grandma's place, and last I checked in 05, it had cracked and busted windows.

I think they should build up on the parking lot across the way, and wedge condos in between the overpasses... that'd be hot!

sakyle04 · #8 Posted **Jan 19, 2007, 2:28 AM**

The developer who bought the property is Cross & Co who is also developing The Vistana apartments (beautiful 14-story) in DT SA.

They then hired world-renowned Lake/Flato to update/redesign the whole project. What will come of it is probably on a hardrive at their DT offices right now, but I can't wait to see what they come up with. It could really turn a boxy mess into something amazing.

texboy · #9 Posted **Jan 21, 2007, 1:44 AM**

Lake/Flato is a fabulous firm....definitly excited to see what they do with this.