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Hopefully this will go before the plan commission in September.
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They still expect first half 2016 construction, my guess they'll start once the ground thaws.
http://www.hkexnews.hk/listedco/list...1508171097.pdf |
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Great read. It's kind of flattering that they chose to jump into the American market via Chicago, rather than New York.
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Always take Chinese firm press releases with at least a healthy pinch of salt.
At any rate, no way this tower takes 4 years to complete from first caisson. 3 maybe, not 4....... |
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Sometimes I wonder whether Sam has any idea what he is talking about. Any supertall starting construction in 2016 is likely to open in 2020. If they broke ground in the 1st Quarter of 2016, then maybe they'd open 3Q or 4Q of 2019, but 4 years is a totally reasonable construction schedule for a building of this size.
For example, Trump Tower started early spring of 2005 and didn't even top out until the August of 2008. That's three years just to build the superstructure, not three years for the entire project as Sam suggests above. The tower opened in January of 2009, just shy of 4 years. Assuming Wanda starts in 2Q or 3Q of 2016, then it's extremely unlikely that they will deliver the building prior to 1Q of 2020. I would say they probably even have to add a few months beyond Trump's schedule because of the complexity of the first 10 floors of this project. Remember that you have a parking garage with a road running through it at the base and another road across the top of it at upper Wacker then 1000'+ of hotel and residential uses above that. Not exactly your standard first 10 floors of a building. This is going to be a very large site with a lot going on and will be fun to watch. |
^ you're probably correct this will be fun to watch, but it will take a while; the floor plates and windows should be very difficult for the construction workers to complete. Not to mention this is basically 3 towers in one.
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Watching Wanda go up will be the highlight of this decade
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^ I'm talking about in Chicago highrise construction, not in my personal life, of course...
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