CHICAGO | Waterview Tower | 1,047' Official / 1,035' Roof | 89 FLOORS |NEVER BUILT - Page 87

chi-arch · #**1721** Posted **Apr 15, 2008, 8:39 PM**

Lots of speculation, rumor and discussion over the last several pages of posts here and some of it not going maybe the way it should have. I apologize for any misunderstandings on my end. I want this building to rise up and be heard. Thank you all for your posts and input.

jjk1103 · #**1722** Posted **Apr 15, 2008, 9:18 PM**

.......Good News !!!!!!!!!!! The Tribune is reporting that Teng has his financing !!! ....see the B Kamin "Skyline" Blog......the Tower will be completed !!

BVictor1 · #**1723** Posted **Apr 15, 2008, 9:22 PM**

I told you

http://featuresblogs.chicagotribune.com/theskyline/
Troubled Waterview tower appears back on track

The developers of Chicago's Waterview tower, a 90-story hotel-condominium skyscraper that appeared to be in financial trouble last week because of the credit crunch, said today that they now have construction financing that will allow the project to move forward.

The developers, Chicago-based Teng, e-mailed reporters a news relase from Beijing Construction Engineering Group Co., Ltd. The release says that the Beijing Construction Engineering Group and its American subsidiary have arranged for more than $300 million in consturction financing to complete the project.

Take that Roeder you douche.

Steely Dan · #**1724** Posted **Apr 15, 2008, 9:25 PM**

FAN-FREAKING-TASTIC!

we've been waiting for this financing announcement for a LONG time now. i hope this announcment is the real deal and not just a PR attempt to deflect the negative blow-back from roeder's article last week.

jjk1103 · #**1725** Posted **Apr 15, 2008, 9:27 PM**

..........so what is the "other large project" that is also rumored to be in trouble and in need of financing ? .....it was mentioned a few posts back ?

andydie · #**1726** Posted **Apr 15, 2008, 9:29 PM**

glad to hear the good news too! It would have been a great loss for Chicago if the Waterview wouldn´t have been finished.

CenIL_LA · #**1727** Posted **Apr 15, 2008, 9:30 PM**

Quote:

Originally Posted by jjk1103

..........so what is the "other large project" that is also rumored to be in trouble and in need of financing ? .....it was mentioned a few posts back ?

The other tower isnt mentioned to be in trouble, just looking for financing. I had suspicions that Asian companies might come through and see the potential after the encouraging things jaroslaw said. I dont doubt that they see potential in certain other projects. One major one down, one even major one to go!

wrab · #**1728** Posted **Apr 15, 2008, 9:38 PM**

Good old hit-and-run Roeder.

Seems fair to ask that he diligently research the project before filing a story that would materially impact its viability? Or to take his journalistic ethics seriously enough not to lend the Sun-Times imprimatur to rumor & innuendo.

Juan_M2118 · #**1729** Posted **Apr 15, 2008, 9:39 PM**

Quote:

Originally Posted by TWRWatcher

I have heard the same supposed rumor that money is on the way and that there is about a one month "slow down" to finalize and fund the deal.

It cant get better than that!!!!!!

jjk1103 · #**1730** Posted **Apr 15, 2008, 9:44 PM**

Quote:

Originally Posted by jjk1103

..........so what is the "other large project" that is also rumored to be in trouble and in need of financing ? .....it was mentioned a few posts back ?

.....I was actually thinking of Mandarin....

CenIL_LA · #**1731** Posted **Apr 15, 2008, 9:48 PM**

^ oh duh, i forgot all about that project because of its hidden location and loss from recent memory. Could very well be

pip · #**1732** Posted **Apr 15, 2008, 10:06 PM**

AWESOME

haha made my day!

Nowhereman1280 · #**1733** Posted **Apr 15, 2008, 10:09 PM**

Guys, you are forgetting the majorist project of all that is looking for financing...

He never said the other project was in trouble (like mandarin) just that it was looking for financing, which also suggests it may already be U/C...

wrab · #**1734** Posted **Apr 15, 2008, 10:12 PM**

^You mean like the Spire?

Juan_M2118 · #**1735** Posted **Apr 15, 2008, 10:12 PM**

Quote:

Originally Posted by jjk1103

..........so what is the "other large project" that is also rumored to be in trouble and in need of financing ? .....it was mentioned a few posts back ?

OH GOD i hope its not the Chicago Spire!!!

Nowhereman1280 · #**1736** Posted **Apr 15, 2008, 10:19 PM**

^^^ Settle down, no one suggested the spire was in trouble, if anything it might be the other large project that is about to get final financing, which would be a very very good thing...

Yes, I suggested that CS might be the other large project that has been looking for financing that may be about to get it. Mandarin is a possibility, but I don't think that is likely...

Steely Dan · #**1737** Posted **Apr 15, 2008, 10:23 PM**

guys, let's cut the useless speculation on what the other mystery project might be. this thread is about waterview tower. it appears as though teng may have finally gotten the financing agreement it has long desired. let's keep it on topic.

if you want to talk about the chicago spire, go to the chicago spire thread.

if you want to talk about mandarin oriental, go to the mandarin oriental thread.

honte · #**1738** Posted **Apr 15, 2008, 10:29 PM**

Quote:

Originally Posted by Steely Dan

we've been waiting for this financing announcement for a LONG time now. i hope this announcment is the real deal and not just a PR attempt to deflect the negative blow-back from roeder's article last week.

Yep, but a call to the bank could clear that up.

So, the irony of these few turbulent days in Skyscrapergeekland is that perhaps this project is on more solid footing than ever. Go figure!

I'm guessing Roeder will put a small little blurb at the bottom of his weekly column to describe some "newfound data."

Juan_M2118 · #**1739** Posted **Apr 15, 2008, 10:35 PM**

Quote:

Originally Posted by Nowhereman1280

^^^ Settle down, no one suggested the spire was in trouble, if anything it might be the other large project that is about to get final financing, which would be a very very good thing...

Yes, I suggested that CS might be the other large project that has been looking for financing that may be about to get it. Mandarin is a possibility, but I don't think that is likely...

OH ok,, thats good to know that its not the CS, other than that today has been the best day in so long, the waterview might be completed afterall, i love this building, i live in miami now and i was raised in chicago, NOTHING like seeing my city grow in a healthy way, a building that will not only benefit the community but the ENVIROMENT< GREAT NEWS,

kazpmk · #**1740** Posted **Apr 15, 2008, 11:49 PM**

Great news to hear Waterview is now back on track.