^^^As an Architect, God I wish we could tell our clients to shut up too.
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It hurts my heart and my brain that the developers forced Jahn to scrap that design. It would have been a signature tower in Chicago forever
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^ it almost makes me hope that they can't sell enough units to build the tower just to spite the development team for their stupidity.
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So this project might take longer due to lack of condo sales. Right? If not when is this scheduled to break ground.
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^^^ It will not break ground until the condo sales reach whatever threshold the bank has set. Until that happens this isn't scheduled to break ground at all.
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I feel like I saw somewhere that it was aiming to break ground towards the end of this year, that doesn't seem like its impossible, but again, it's all dependent on pre sales.
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Is anyone else seeing the the "1000M Hello Beautiful" advertising pop up all over the place? Not only online but I also saw it in CS and Michigan Ave. Magazines. Does this mean pre-sales are going well and we can still anticipate a fourth quarter ground breaking?
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^Sounds more like sales are lagging, and so they've changed marketing approaches or agencies.
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This building feels like its been in development for years. You know the housing market is about to dip soon. This one needs to go up now or else it'll end up like Waterview.
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I think they are going to have a hard time getting this one to start, especially if One Chicago Square ramps up its sales. Seems like OCS has a better chance than this in my opinion. Which is fine..i like that building better anyways.
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Everyone predicting a market crash is a pretty good sign that the market is not going to crash.
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And just because a recession is coming doesn't mean 1000M will be killed off. Far from it. It might delay the start until the housing market begins to cycle up, or it might go rental to avoid presale requirements and the more stringent loan environment to home buyers. Neither of those scenarios is anywhere close to the project imploding financially, as your example did. |
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Pardon me if these have already been posted, but I found them on 1000M's Twitter and I haven't seen them before to the best of my knowledge.
https://pbs.twimg.com/media/DTrlEKWXkAEplN7.jpg 1000M - https://pbs.twimg.com/media/DTrlEKWXkAEplN7.jpg https://pbs.twimg.com/media/DXixehyXcAAcfpO.jpg 1000M - https://pbs.twimg.com/media/DXixehyXcAAcfpO.jpg https://pbs.twimg.com/media/DXOLCSNVoAAMGT2.png 1000M - https://pbs.twimg.com/media/DXOLCSNVoAAMGT2.png https://pbs.twimg.com/media/DWqIDYLXUAES90W.jpg 1000M - https://pbs.twimg.com/media/DWqIDYLXUAES90W.jpg https://twitter.com/1000MChicago |
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