Crains article
From Crains:
Helmut Jahn designing 86-story South Loop residential tower By Dennis Rodkin September 24, 2015 http://www.chicagobusiness.com/reale...idential-tower Architect Helmut Jahn is designing an 86-story South Loop residential tower that would resemble a stack of four tall boxes, with the widest at the top. The glassy tower proposed for 1000 S. Michigan Ave. would contain 506 residential units and parking for 598 cars, according to plans that appeared on the city clerk's website late yesterday in advance of today's meeting of the Committee on Zoning, Landmarks and Building Standards. The proposal surfaces less than two days after Miami-based developer Crescent Heights rolled out its plans for a pair of buildings topping out at 76 stories high a little more than a block south, on the southeast corner of Roosevelt Road and Michigan Avenue. That plan, too has a “starchitect”: Rafael Viñoly. Together, the Jahn and Viñoly projects would raise the profile of the South Loop, where the tallest building now is the 62-story One Museum Park, completed in 2009. |
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Yep. It's a semi normal salary for someone in tech with let's say more than 5-10 years of good experience who is good at their jobs. You could say the same thing about some consulting gigs too that might not necessarily be 100% tech. I recently saw a posting for Avant for a senior developer and the salary was listed at $90K-$170K/year. The high end is higher than normal for Chicago, but even at half of that if you had a good amount of experience, let's say low to mid 30s and were good at your job, you could get in the $120k-$140k range at some companies in town. It's a lot of movement lately - a lot. I'm just hoping it's not all speculative or anything. I'm really hoping that the developers know a little something that we don't know yet. |
given the fiscal situation of the state/city and stagnant salaries, there is no chance both of these big dogs get built. heck, i'll be surprised if even one gets off the ground without major reductions.
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Well, the medical district is a straight shot west, with incomes far exceeding those for tech.
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I don't think this is being targeted for the average worker anyways... |
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"We're doing this!? What about the national debt?" "Why not fix the potholes first!" "With the fiscal mess this city is in, how can we..." Even if you have a $300,000 mortgage, sometimes you have to spend $500 on a new dishwasher. A lot of people just don't have the cognitive apparatus required to make that leap. |
wow, BURIED PARKING?
Slim and 1000 ft tall? yes please! |
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Wow, my head's spinning from everything that's been released the last few days.
I think this looks fantastic. One of the developers is Time Equities, who is the developer of the Jahn-Designed 50 West tower in Lower Manhattan. Thrilled to be getting a new Jahn tower in Chicago, even more so in the South Loop. I'm predicting there will be one opponent of this who is a forum member here......... |
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Really well put, for a first pass at rebuking that mindset. And then you have the fact that economically, the core of Chicago is doing quite well right now - and vast preponderance of indications are that this will continue for the next few years at minimum...... |
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God, if this and the Viñoly get built, Grant Park will finally be just about properly enclosed with two stellar pieces of architecture filling in the gaps. A lot (a lot) of development in the South Loop is needed to rebalance the skyline along Congress in the way it seems to want to be, and both of these would give the area a couple of significant anchors. And I dunno. Maybe it's naivete but I'm optimistic about their chances of success. These lots are such prime real estate; it kinda baffles me that they're still available even as what are IMO less desirable nearby properties have been developed. Quote:
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Seems like the architect likes to put holes at the top of his buildings.
https://s-media-cache-ak0.pinimg.com...8646f21f44.jpg IMG LINK |
It's always worth checking to see if an architect has revealed their project on their website :cheers:
http://s3.amazonaws.com/jahn/content...jpg?1443106667 http://www.jahn-us.com/project/tower...south-michigan |
YES!
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^ Yes is right!!! Is this week really happening??
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Are the bars open yet?
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