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  #1  
Old Posted Jan 1, 2007, 6:53 PM
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METALMiKE METALMiKE is offline
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SA Question

What building is this?
and Why hasn't it been finished?
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  #2  
Old Posted Jan 1, 2007, 7:06 PM
texboy texboy is offline
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That was/is supposed to be a condo retail development that fell through when I believe the developer got sued or filed bankruptcy (correct me if Im wrong) I believe the project has either been handed over to a new owner or they are in the process of doing so...I believe it is in the River North redevelopment zone, so I don't believe this will be sitting unfinished for very much longer.

...Ill try and find a newpaper article....
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  #3  
Old Posted Jan 1, 2007, 8:26 PM
kornbread kornbread is offline
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^^^ You're right. The original developer defaulted on his loan. It was handed over to HUD who insured the loan. They auctioned it off to another developer. This transaction went to court, but I believe the developer that acquired the property won the case. They had indicated they were planning to rework, but ultimately finish the project.

I think the original plan called for apartments. It sounded like they wanted to work in some permanent residences. We'll see...

Last edited by kornbread; Jan 1, 2007 at 8:36 PM.
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  #4  
Old Posted Jan 1, 2007, 8:33 PM
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Cool.Thanks for the info guys.
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  #5  
Old Posted Jan 2, 2007, 12:56 PM
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KevinFromTexas KevinFromTexas is offline
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Ah, is that what that is. I remember seeing the crane up for this one a few years ago. Then that arched roof part never seemed to get finished. I never got close enough to it to check it out, I just assumed that was part of the design. It looks like an interesting project, it'd be great if it were completed.
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  #6  
Old Posted Jan 8, 2007, 4:55 AM
swissspice swissspice is offline
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The new buyer of the property indicated in August or September that construction could resume in late October, but as of last week, there hasn't been any new activity.
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  #7  
Old Posted Jan 8, 2007, 9:18 AM
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That's a few blocks from my grandma's place, and last I checked in 05, it had cracked and busted windows.

I think they should build up on the parking lot across the way, and wedge condos in between the overpasses... that'd be hot!
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  #8  
Old Posted Jan 19, 2007, 2:28 AM
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The developer who bought the property is Cross & Co who is also developing The Vistana apartments (beautiful 14-story) in DT SA.

They then hired world-renowned Lake/Flato to update/redesign the whole project. What will come of it is probably on a hardrive at their DT offices right now, but I can't wait to see what they come up with. It could really turn a boxy mess into something amazing.
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  #9  
Old Posted Jan 21, 2007, 1:44 AM
texboy texboy is offline
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Lake/Flato is a fabulous firm....definitly excited to see what they do with this.
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