CHICAGO | General Developments - Page 2142

The Lurker · #**42821** Posted **Sep 17, 2018, 2:12 AM**

^Thanks for the updates all around. You are correct. That is 734 N. Milwaukee.

BonoboZill4 · #**42822** Posted **Sep 17, 2018, 2:20 AM**

Quote:

Originally Posted by The Lurker

^Thanks for the updates all around. You are correct. That is 734 N. Milwaukee.

Yep, that damn red crane has been teasing me from my office now for weeks

k1052 · #**42823** Posted **Sep 18, 2018, 5:36 PM**

SolarWind · #**42824** Posted **Sep 19, 2018, 2:20 AM**

September 18, 2018

SolarWind · #**42825** Posted **Sep 19, 2018, 2:20 AM**

September 18, 2018

SolarWind · #**42826** Posted **Sep 19, 2018, 2:21 AM**

September 18, 2018

harryc · #**42827** Posted **Sep 19, 2018, 4:50 PM**

Sept 14

Notyrview · #**42828** Posted **Sep 19, 2018, 6:41 PM**

^ that is good public art

Barrelfish · #**42829** Posted **Sep 19, 2018, 8:14 PM**

Quote:

Originally Posted by Notyrview

^ that is good public art

For those who don't know, it's the head of Jean-Baptiste Point du Sable, for whom the park at the river mouth is named. It was part of the Floating Museum "River Assembly", which was the art exhibition on a barge that made appearances on the river last year.

the urban politician · #**42830** Posted **Sep 20, 2018, 12:52 AM**

Kanye West is moving back to Chicago:

https://www.architecturaldigest.com/...ing-to-chicago

SolarWind · #**42831** Posted **Sep 20, 2018, 12:54 AM**

September 17, 2018

SolarWind · #**42832** Posted **Sep 20, 2018, 12:56 AM**

Quote:

Originally Posted by Barrelfish

For those who don't know, it's the head of Jean-Baptiste Point du Sable, for whom the park at the river mouth is named. It was part of the Floating Museum "River Assembly", which was the art exhibition on a barge that made appearances on the river last year.

August 24, 2017

August 25, 2017

ithakas · #**42833** Posted **Sep 20, 2018, 1:14 AM**

Quote:

Originally Posted by the urban politician

Kanye West is moving back to Chicago:

https://www.architecturaldigest.com/...ing-to-chicago

He's also opening a Yeezy office here, which should be cool. He's recently been talking about getting into real estate development: https://www.dezeen.com/2018/06/04/ka...ect-instagram/

There could be some cool things brewing...

Fvn · #**42834** Posted **Sep 20, 2018, 1:26 AM**

Quote:

Originally Posted by ithakas

He's also opening a Yeezy office here, which should be cool. He's recently been talking about getting into real estate development: https://www.dezeen.com/2018/06/04/ka...ect-instagram/

There could be some cool things brewing...

Inb4 he resurrects 130 N Franklin

PittsburghPA · #**42835** Posted **Sep 20, 2018, 1:47 AM**

Quote:

Originally Posted by Fvn

Inb4 he resurrects 130 N Franklin

It is a damn shame that project was not built at designed nor are there plans to build that design. That thing would be a gem.

Mr Downtown · #**42836** Posted **Sep 20, 2018, 3:30 AM**

Quote:

Originally Posted by Barrelfish

it's the head of Jean-Baptiste Point du Sable

Allegorical, since we have absolutely no idea what Du Sable looked like.

Randomguy34 · #**42837** Posted **Sep 20, 2018, 3:59 AM**

United Airlines exploring Willis Tower departure

Quote:

By Danny Ecker
Amazon's competition for its second headquarters has elicited Chicago developers' grandest plans, and now one of the city's biggest companies is exploring the possibility of leaving its home for one of them.

With an option to break from its massive lease at Willis Tower more than four years away, Chicago-based United Airlines has had discussions in recent months with developers behind some of the city's largest proposed office projects about a potential new headquarters location, according to sources familiar with the company.
....
Sources say United officials have entertained pitches to move their Willis Tower headquarters and operations center to locations including Tribune Media's 30-acre site along the Chicago River between Grand and Chicago Avenues, where the media company has rolled out its vision to create a mixed-use campus and where the Chicago Tribune's lease for an 854,000 square foot printing plant runs through 2023.

Other sites that could be in the mix were also part of the City of Chicago's official bid for Amazon's HQ2: That includes Lincoln Yards, the 53-acre mixed-use campus that developer Sterling Bay has proposed along the Chicago River between Lincoln Park and Bucktown, as well as a vacant, 62-acre South Branch site where developer Related Midwest wants to build a mixed-use campus it has called the 78.

"We are always looking at what is in the marketplace, but don't have any plans to make an announcement," said a United spokeswoman.

Many developers call it a long shot for United to leave Willis Tower because the building's owner, New York-based private equity behemoth Blackstone Group, will take any necessary step to keep it. Blackstone, which paid $1.3 billion for the 110-story building in 2015 and has since borrowed $1.3 billion against the property to finance a $668 million renovation, will need to secure its biggest revenue-generating tenant if it wants to sell the building after it completes its overhaul. The renovation, which is designed to modernize the 45-year-old tower to keep pace with competition, is slated to be done in 2022.

http://www.chicagobusiness.com/comme...ower-departure

I'd love to see a mega-development kick off in this city. It would suck to see 18 floors of the Sears Tower being vacant, but great to see HQ relocations further from the Loop

Near North Resident · #**42838** Posted **Sep 20, 2018, 2:23 PM**

Quote:

Originally Posted by Randomguy34

United Airlines exploring Willis Tower departure

http://www.chicagobusiness.com/comme...ower-departure

I'd love to see a mega-development kick off in this city. It would suck to see 18 floors of the Sears Tower being vacant, but great to see HQ relocations further from the Loop

sounds to me they are squeaking to the press to get better terms of their new sears tower lease...

Vlajos · #**42839** Posted **Sep 20, 2018, 2:47 PM**

Quote:

Originally Posted by Near North Resident

sounds to me they are squeaking to the press to get better terms of their new sears tower lease...

Maybe, I know they were/are looking at the Old Post Office for space.

LouisVanDerWright · #**42840** Posted **Sep 20, 2018, 4:19 PM**

I mean of course they are looking around, even $1/SF/YR saves you almost a million dollars a year on a 850k SF lease. This is pretty typical of big companies like United with complex multi option leases. More than that, it could be a matter of efficiency. They are in multiple blocks in Sears right now, they might be able to shave 100k SF off their lease if they go into the OPO or something and have 3 massive wide open floors for their operations instead of like 18 different levels at the Sears.

Sears Tower is like the only building in the world where an 850,000 SF tenant can be scattered around in blocks. Sears eats anchor tenants for breakfast, I always like to point out that, while it's height records have long been exceeded, it is still the largest tower on earth by square footage (not including connected single story Casinos or malls like the one at the bottom of Burj). Nothing even really comes close, like the official SF of Taipei 101 is just shy of Sears, but less than 2,500,000 SF of that is actual tower, the rest is a big mall attached at the base. Sears has nearly double the office space of Taipei 101... If you look at lists of the largest buildings on earth by total floor area, the Sears shows up above Boeings Everett Assembly, but just below most of the 21st century mega airports in Asia. Pretty f-ing crazy to have what is a 99% pure office building registering where it does. And the things pretty much 100% leased right now too, crazy...