..Okay so the financiers have been in town for almost a week now.
Still no deal announced?
Who knows if they're still here...I takes a long time to close on a construction loan. Once you get a term sheet (or letter of intent) from a financial institution it probably takes over 2 months to close a deal. Lots of due dilligence that has to be done.
The crane is in a different position. The boom had been pointed south.
The crane has moved around many times over the past months. 2008 Q2 series
Work does continue - slowly.
June 3rd
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Harry C - Urbanize Chicago- My Flickr stream HRC_OakPark
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The letter of intent has been in hands about three months,term sheet arrived a couple of days prior to the suntimes reporting project to shutdown (8-9 weeks ago), with the tribune reporting financing from Beijing.
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Harry C - Urbanize Chicago- My Flickr stream HRC_OakPark
The man who trades freedom for security does not deserve nor will he ever receive either. B Franklin.
thanx SolarWind. Btw it now looks like i will visit Chicago for my Birthday in September. Hopefully this one will be on the rise again by then Also thanx Harry for your insight, always learning something new on here by you guys
Good morning gentleman, I am an employee at waterview that has been transfered to another project. If the rumors are true, We will be returning fullspeed ahead at the end of June.
I do not know Mehow's credentials for he has two posts but he backs up what others have heard and posted.
From what I am hearing (I'm a buyer), things may get underway again later in the summer and completion will be heading towards two years later than the original projected date of late this year/beginning of 2009.
From what I am hearing (I'm a buyer), things may get underway again later in the summer and completion will be heading towards two years later than the original projected date of late this year/beginning of 2009.
thanks for the info and welcome to the forum. So we are looking at a 2011 completion date?
From what I am hearing (I'm a buyer), things may get underway again later in the summer
that's a bummer if true. the end of june is sneaking up on us, if this project is still in the same state it's been in for weeks now, then we'll have to officially move it the "on hold" category, sadly.
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that's a bummer if true. the end of june is sneaking up on us, if this project is still in the same state it's been in for weeks now, then we'll have to officially move it the "on hold" category, sadly.
There's still work going on in the inards of the building wven though it hasn't gained height.