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  #45681  
Old Posted Jul 31, 2019, 5:07 PM
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Originally Posted by harryc View Post
Well thank you ! An uncle is coming to visit next month and specifically asked to see some Prairie. He is in his late 80s so long hikes are not in the cards. Had never heard of this will be checking it out.
That park looks awesome! Love the "cliffs".

Even better, the Sugar Shack is just a few blocks to the east if you want to re-invigorate your uncle. Would make for a memorable day, that's for sure!
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  #45682  
Old Posted Jul 31, 2019, 7:36 PM
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Edit: Moody sale already posted. Seems like a big opportunity to expand the core

Last edited by Freefall; Jul 31, 2019 at 8:35 PM.
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  #45683  
Old Posted Jul 31, 2019, 7:59 PM
JK47 JK47 is offline
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Originally Posted by ardecila View Post
Obviously no. Sigcho thinks he can force the Archdiocese to keep St Adalbert open by taking away the resale value of the land. It's utterly, utterly boneheaded, he's in denial. There's no viable path to keep the church open. If he wanted to preserve the building, there are much better tools available - he could simply push to repeal the ban on landmarking churches, or at least to make an exception, and extend historic protection to the building.

The rezoning of the property as a cemetery is such a drastic reduction of value that it arguably violates the takings clause (which is pretty hard to do in the zoning context) since it has no economic or beneficial use. Other downzoning efforts, to single family or single story uses, at least preserved some residual economic value.
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  #45684  
Old Posted Aug 2, 2019, 10:30 PM
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Apple store renovations:



Navy Pier Hotel:





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  #45685  
Old Posted Aug 3, 2019, 1:51 AM
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The Western Center Townhouses. 3600 S Western. 12 of the townhouses already issued permits. There will be 6 total buildings like this - each door is to townhouse and all 3 floors. Not sure what they were thinking LOL.

Land is currently vacant and there's a bunch of new homes right near this that were built a few years ago:
https://www.google.com/maps/place/36...!4d-87.6859469

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  #45686  
Old Posted Aug 3, 2019, 4:08 AM
LouisVanDerWright LouisVanDerWright is offline
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Originally Posted by marothisu View Post
The Western Center Townhouses. 3600 S Western. 12 of the townhouses already issued permits. There will be 6 total buildings like this - each door is to townhouse and all 3 floors. Not sure what they were thinking LOL.

Land is currently vacant and there's a bunch of new homes right near this that were built a few years ago:
https://www.google.com/maps/place/36...!4d-87.6859469

Wrong thread, but I'm looking at an 8 unit two blocks north of the Western Orange Line, so I'll take it. Probably targeting Chinese buyers?
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  #45687  
Old Posted Aug 3, 2019, 5:00 AM
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Wrong thread, but I'm looking at an 8 unit two blocks north of the Western Orange Line, so I'll take it. Probably targeting Chinese buyers?
LOL oops. Hopefully a mod moves this to General Discussion. Yes absolutely from a Chinese company. Also not too far around the corner on Pershing near the actual park has a few more small developments plus the big warehouse renovations planned or already started on Pershing.
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  #45688  
Old Posted Aug 3, 2019, 11:49 AM
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There will be 6 total buildings like this

I just puked 6 times.
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  #45689  
Old Posted Aug 3, 2019, 12:35 PM
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I'm so... thrilled?
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  #45690  
Old Posted Aug 3, 2019, 2:27 PM
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I think it's great news, whether or not you're a huge fan of the house designs.

New housing replacing vacant land, new residents investing on the south side of the city. I mean, that's what we need more of on the south side.
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  #45691  
Old Posted Aug 3, 2019, 3:29 PM
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Originally Posted by the urban politician View Post
I think it's great news, whether or not you're a huge fan of the house designs.

New housing replacing vacant land, new residents investing on the south side of the city. I mean, that's what we need more of on the south side.
Agree on that. And hopefully opening up of more Chinese restaurants in some of these areas. It'll happen on Archer with the big new development there if it sells well - some other companies are building smaller buildings with ground floor business space across the street from that too.
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  #45692  
Old Posted Aug 6, 2019, 5:48 PM
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Barneys Chicago closing


Will leave huge hole for Oak/Rush retail
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  #45693  
Old Posted Aug 6, 2019, 6:31 PM
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^ That was inevitable. A lot more of that to come....
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  #45694  
Old Posted Aug 6, 2019, 6:36 PM
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Quote:
Originally Posted by the urban politician View Post
I think it's great news, whether or not you're a huge fan of the house designs.

New housing replacing vacant land, new residents investing on the south side of the city. I mean, that's what we need more of on the south side.


Disagree with both you guys. We're not talking about an area that is starved for new housing investment - where anything being built should be blindly cheered. Not by a long shot. This is McKinley Park - Redfin ranked it as the nation's hottest affordable neighborhood earlier this year. Capital is flooding the area, focused primarily on residential, but also now increasingly on the commercial side as well. This is awful anti-urban design. There's a lot of this from Chinese developers (obviously focused on Chinese buyers) in particular - where you see rows of townhomes that end to the main street, with a very unattractive, uninviting, anti-pedestrian/urban presence streetside. I mean, c'mon - this is Western, a commercial thoroughfare that these abut. This is junk design. Period. Zoning shouldn't alow these to be configured as such. Mistake.
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  #45695  
Old Posted Aug 6, 2019, 6:55 PM
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Originally Posted by FlashingLights View Post
Barneys Chicago closing


Will leave huge hole for Oak/Rush retail
Real talk: this building is only about a decade old. Do we think a tear-down is possible? What could/would conceivably fill this spot? With stores like Bloomingdale's down-sizing by combining their home and regular stores, a department store seems highly unlikely.

The current site is zoned DX-12 (FAR of 12.0) though it's an odd size/shape- basically just the Barney's.
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  #45696  
Old Posted Aug 6, 2019, 7:00 PM
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^ Not a likely near-term tear-down prospect.

The eventual new owner/developer will likely try to creatively re-tenant. It will take quite a bit of time, and will sit vacant for an extended spell. The plus side is that this is obviously very prime real estate, and eventually it will be filled. It's really all about the team (new owner/leasing team/design team, etc) that will be working on it. All about their experience, competence and motivation/drive. Varies all over the map, of course.

If it sits empty for long enough, than yes, it's a possible tear-down for a developer that can put together a plan with political backing for a high-rise (my guess as most likely would be very high-end condos).
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  #45697  
Old Posted Aug 6, 2019, 7:10 PM
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I'm disappointed Barney's decided to close this location considering they're keeping their NY/California flagships open. Maybe it could be split into several smaller stores, with a food hall taking up a good amount of the space?

Edit: The current owner (ASB) is a pretty impressive company that focuses on high quality, core retail assets. I think they're as well equipped to re-lease it as anybody.
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  #45698  
Old Posted Aug 6, 2019, 7:34 PM
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Lol, Barney's building...tear down. Yeah right. That building was purchased in 2011 for $117M. Only 2 years later, Th
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  #45699  
Old Posted Aug 6, 2019, 7:35 PM
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Lol...barney's building..tear down. Yeah right. In 2011, it was bought for $117M. Only 2 years later, Thor Equities bought it for $154M. A 32% increase in value in only 2 years and some change.
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  #45700  
Old Posted Aug 6, 2019, 7:53 PM
the urban politician the urban politician is offline
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Originally Posted by marothisu View Post
Lol...barney's building..tear down. Yeah right. In 2011, it was bought for $117M. Only 2 years later, Thor Equities bought it for $154M. A 32% increase in value in only 2 years and some change.
Well, Barneys still has lease obligations to this building I'm sure. I have no idea how the bankruptcy will affect that but I'm pretty sure that Thor Equities is royally screwed if they don't get their rent, given the huge debt service payments they will continue to have to make.

I'm guessing that they are going to scramble to retenant or else.....uh oh.

Nightmares like this are exactly why I've never taken an interest in purchasing single tenant commercial retail (Walgreens, etc). Sure the rewards can be great but once you lose your tenant, you're screwed.
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