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Is this property quietly up for sale?
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For the best, Jahn towers don't age well anyway
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Aside from that this was not my favorite. Not really a huge loss, hopefully something nice rises here though. |
Gives us all a lot more time to (a) hope for a better design and (b) save up for the 20-25% down banks will probably ask for in the future.
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Minor activity on site. Truck brought some new rebar cages for piles on monday. Seem to be a small diameter compared to the current ones.
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you didn't happen to snap a pic, did you? anyone have a clue what these could be for? |
Ill take one tomorrow.
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Is there a chance this isn't totally dead?
If not, why on earth would they bring those to the site? |
I wonder if its rebar that was purchased before it got shut down and where ever it was being stored needed to be freed up so they just put it brought it there?
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1000M could be revived as apartments
Unit layouts are being redesigned at 1000M, the Helmut Jahn-designed condo tower on South Michigan Avenue, in an effort to refinance the project and resume construction next year, “primarily as a rental project.”
“The exterior of the building would remain substantially as previously approved,” Francis Greenburger, chairman and CEO of New York-based Time Equities, added in an emailed statement. “Our hope would be to commence construction next year, but this will depend on economic conditions and the availability of financing.” The plans are preliminary, and there’s no guarantee the tweaks will lead to a relaunch of the 74-story project. https://www.chicagotribune.com/colum...000M-skyscrape |
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