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  #301  
Old Posted Jun 13, 2008, 11:51 AM
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Originally Posted by photolitherland View Post
How is this project urban sprawl. Last time I checked I didnt see any 850 ft towers in my neighborhood
Just a joke. Alliance misspoke and called this project a "suburb building" as opposed to a "superb building".
     
     
  #302  
Old Posted Jun 15, 2008, 4:36 AM
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On the Agenda this is only listed at $60million.. why is the cost so low? I would expect more than 100 for a 70+ storey building.
     
     
  #303  
Old Posted Jun 15, 2008, 8:09 AM
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^^^ Its probably only for part of the project, perhaps it for the demolition phase or some of the foundation work?
     
     
  #304  
Old Posted Jun 15, 2008, 2:34 PM
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*places bets on demo*
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  #305  
Old Posted Jun 20, 2008, 9:53 PM
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I hope the limestone from the old tower can be salvaged and used elsewhere... that stuff isn't cheap nowadays.
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  #306  
Old Posted Jun 20, 2008, 10:04 PM
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Have they decided on when they are looking to start this? I had heard it was already going to be underway but then business started doing really well and they couldnt afford to not have those rooms available?
     
     
  #307  
Old Posted Jun 20, 2008, 11:12 PM
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Quote:
Originally Posted by firstcranialnerve View Post
On the Agenda this is only listed at $60million.. why is the cost so low? I would expect more than 100 for a 70+ storey building.
that might just be the shell construction
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  #308  
Old Posted Feb 2, 2009, 4:43 PM
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Im wondering whats going on with this building?...they stated they wanted to wait till occupancy rates went down so it would be more profitable for them to tear down the neighboring tower and put this one up?...well occupancy rates are way down
     
     
  #309  
Old Posted Feb 2, 2009, 7:03 PM
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Originally Posted by chicubs111 View Post
Im wondering whats going on with this building?...they stated they wanted to wait till occupancy rates went down so it would be more profitable for them to tear down the neighboring tower and put this one up?...well occupancy rates are way down
But unfortuneately so is the demand for high end condos. I don't think anything will happen for a long, long time.
     
     
  #310  
Old Posted Feb 3, 2009, 6:27 AM
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Originally Posted by trvlr70 View Post
But unfortuneately so is the demand for high end condos. I don't think anything will happen for a long, long time.
Wait I thought that this was going to more hotel rooms for the most part...
     
     
  #311  
Old Posted Feb 3, 2009, 2:43 PM
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Originally Posted by Chicagoguy View Post
Wait I thought that this was going to more hotel rooms for the most part...
I don't remember what portion of the new structure was planned to be condo or hotel rooms, but the condo portion was significant. As a matter of fact, I don't know that, if built as planned, there would even be any increase in hotel rooms since the existing 50's era wing will be torn down.
     
     
  #312  
Old Posted Feb 4, 2009, 7:47 AM
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From the renderings, it looks like only the bottom or so 20 floors are hotel (pretty much the entire base section where it attaches to the lower portion of the south tower), unless they will have hotel rooms with balconies, which I doubt...
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  #313  
Old Posted Feb 4, 2009, 4:38 PM
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it was my understanding that this expansion would result in a net loss of rooms for the hotel, thus the main driving force behind the new tower was the luxury condos, and with the state of the real estate market and the economy................... "outlook not so good"
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  #314  
Old Posted Feb 5, 2009, 10:49 PM
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This tower if built will be so incredible in the skyline! Oh well.
     
     
  #315  
Old Posted Mar 10, 2009, 3:30 PM
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Going to a meeting/presentation on this project this evening.

I have heard a "rumor" that what they wanted to do was get the zoning approval for the tower and then possibly sell it. I'll find out more this evening.
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  #316  
Old Posted Mar 11, 2009, 10:57 AM
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Well........
     
     
  #317  
Old Posted Mar 12, 2009, 12:15 AM
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what happened BVic?
     
     
  #318  
Old Posted Mar 12, 2009, 2:09 AM
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Come on Vic....you come and tease us about this meeting and leave us hanging without a clue????
     
     
  #319  
Old Posted Mar 13, 2009, 4:26 PM
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Sorry about the delay.


Anyway, this is what i found out:

-This proposal isn't dead, just in a holding pattern. They still want to move forward, but that will be a few years down the line.

-The number of floors hasn't changed, about 71. I'm not sure what the exact height is. I thought I heard about 800', but I didn't get a chance to see the boards.

-There will be about 300 condos and 150 hotel rooms.

-Hotel access will be relocated to Illinois allowing the frontage along Michigan Avenue to be retail/rest.

-They would still like to build a plaza of about 9,000 sq ft. over Grand Ave. The alderman wants at least 50% to be green.

That's all I really have.
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  #320  
Old Posted Mar 16, 2009, 2:00 AM
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Thanks for the update, Bvictor
     
     
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