CHICAGO | Park Michigan | 866 FT / 264 M | 80 FLOORS | 2008 | NEVER BUILT - Page 26

Loopy · #**501** Posted **Oct 14, 2007, 5:57 PM**

This weekend, the large triptych billboard on Wabash was modified somewhat with the dead telephone number covered over with a new number that is answered: "Hello, Park 1000". The "Marketed by Koenig and Strey" sign has been painted over as well.

What does this mean. Not much, in my opinion; only that the K&S account has lapsed given that the building has no forthcoming approval in the pipeline, and thus no pre-construction budget to pay a marketer.

Now, I noticed that the www.parkmichigan.com address was still being displayed, and the last time I checked that URL was registered to Koenig and Strey.

I checked WHOIS again, and it is now registered to FireStar Communications http://firestarcom.com/. They do websites and brochures for many of the luxury projects in Chicago. So, at least something is happening. Renaissant still considers the project alive enough to keep the sign up and updated, that's all.

toddguy · #**502** Posted **Oct 14, 2007, 7:38 PM**

Too bad. I love this design.

Fabb · #**503** Posted **Oct 14, 2007, 7:47 PM**

I'm not so pessimistic. Delays happen all the time. What's surprising is that many other projects are moving forward so quickly.

GregBear24 · #**504** Posted **Oct 15, 2007, 5:26 PM**

With all the success at central station, and the mich ave address, I'm shocked that this thing has moved the way it has. Yes, the boom isn't going on anymore, but this is a beautiful building in a great location- I'm still going to keep saying that I think the developer isn't strong enough to get this done.

Alliance · #**505** Posted **Oct 15, 2007, 6:26 PM**

Quote:

Originally Posted by GregBear24

Yes, the boom isn't going on anymore

What? Just because we didn't get any new proposals this week?

GregBear24 · #**506** Posted **Oct 16, 2007, 3:12 AM**

^ You're right, it's still insane how much goes on, but I should've elaborated that the condo market in its current state is the excuse I've been hearing as to why projects like this and mandarin aren't moving as expected say a year ago. I just really hope the developer can get this going eventually- the uncertainty makes me more nervous about this coming to fruition than it ought to I suppose.

Alliance · #**507** Posted **Oct 16, 2007, 3:22 AM**

...yeah...considering we just got a new proposal...this week.

I think we just have a wait and see approach.

Knightwing · #**508** Posted **Oct 20, 2007, 2:12 PM**

For whatever strange reason, I've always had a feeling that this one would pull through. When it does, I'll quote this post...

Dr. Taco · #**509** Posted **Oct 20, 2007, 3:30 PM**

^ and when it doesn't, no one will ever remember your post. win-win!

Alliance · #**510** Posted **Oct 20, 2007, 5:50 PM**

Well, according to chicagorealestatedaily.com (Crains) Park Michigan is on the boards for March 2008.

Loopy · #**511** Posted **Oct 20, 2007, 6:25 PM**

Well, with no Plan Commission approval, no Landmarks approval, no floorplans and no sales center, that March, 2008 start date from BidClerk is likely a mistake.

Alliance · #**512** Posted **Oct 20, 2007, 6:46 PM**

Yup.

Knightwing · #**513** Posted **Oct 21, 2007, 5:59 AM**

Quote:

Originally Posted by Loopy

Well, with no Plan Commission approval, no Landmarks approval, no floorplans and no sales center, that March, 2008 start date from BidClerk is likely a mistake.

A lot can happen in 5 months and things can move fairly rapidly once the ball does start to roll.

bnk · #**514** Posted **Oct 25, 2007, 2:57 AM**

From SSC today

Notice the great work from the origional poster, and look to the far right projected tall building in the south loop.

Park Michigan.

This one is needed in this location stat. It would compliment OMP...ect...

Quote:

Originally Posted by ardecila

Central Station

[/IMG]

Imagine.

And then remember that this was a no go zone for anyone going to and fro from Bears games. 20 years ago the south end of the downtown was the Blackhawk Hotel and anyone that took on foot south was on their own.

Nice to see things change for the better.

forumly_chgoman · #**515** Posted **Oct 25, 2007, 6:11 AM**

Quote:

Originally Posted by bnk

From SSC today

Notice the great work from the origional poster, and look to the far right projected tall building in the south loop.

Park Michigan.

This one is needed in this location stat. It would compliment OMP...ect...

Imagine.

And then remember that this was a no go zone for anyone going to and fro from Bears games. 20 years ago the south end of the downtown was the Blackhawk Hotel and anyone that took on foot south was on their own.

Nice to see things change for the better.

God to be rid of dearborn park, and also fill in the plot of land south of roosevelt all w/ highrises and midrises say 10- 30 stories mostly...maybe some smaller units thrown in.

but alas dearborn park is going nowhere anytime soon

NSawyer · #**516** Posted **Nov 15, 2007, 3:07 AM**

There was a story on WBEZ's 848 about the "condo slump in downtown Chicago" and they mentioned the Park Michigan. They interviewed a representative from Leopardo Construction (apparently they're the GC on the project) who stated that the project is being delayed for at least a year. For what it's worth, he seemed confindent that Park Michigan would eventually be built.

SevenSevenThree · #**517** Posted **Nov 15, 2007, 3:13 AM**

Quote:

Originally Posted by NSawyer

There was a story on WBEZ's 848 about the "condo slump in downtown Chicago" and they mentioned the Park Michigan. They interviewed a representative from Leopardo Construction (apparently they're the GC on the project) who stated that the project is being delayed for at least a year. For what it's worth, he seemed confindent that Park Michigan would eventually be built.

Thanks for the info. Im still holding on to this one.

spyguy · #**518** Posted **Nov 15, 2007, 3:44 AM**

Quote:

Originally Posted by NSawyer

There was a story on WBEZ's 848 about the "condo slump in downtown Chicago" and they mentioned the Park Michigan. They interviewed a representative from Leopardo Construction (apparently they're the GC on the project) who stated that the project is being delayed for at least a year. For what it's worth, he seemed confindent that Park Michigan would eventually be built.

Thanks for the heads up.

Here's a link to that segment (also includes the Spire):
http://www.chicagopublicradio.org/Co...?audioID=15401

The Park Michigan part begins around 02:35

bnk · #**519** Posted **Nov 15, 2007, 4:05 AM**

Quote:

Originally Posted by spyguy

Thanks for the heads up.

Here's a link to that segment (also includes the Spire):
http://www.chicagopublicradio.org/Co...?audioID=15401

The Park Michigan part begins around 02:35

Thanks to both of you great find and and keep up the great work.

One quote from the Park Michigan topic

“it is not nail biting time.” he still seemed confident.

Haworthia · #**520** Posted **Nov 17, 2007, 3:25 AM**

Quote:

Originally Posted by NSawyer

There was a story on WBEZ's 848 about the "condo slump in downtown Chicago" and they mentioned the Park Michigan. They interviewed a representative from Leopardo Construction (apparently they're the GC on the project) who stated that the project is being delayed for at least a year. For what it's worth, he seemed confindent that Park Michigan would eventually be built.

I think this project is as good as dead. The condo market will only get worse over the next year.