Although I like the original design I do believe the current design fits it's surrounding better!

:shitstorm:

We need to fill those gaps on Michigan Ave in front of Grant Park. They are embarrassing...

"This is from May, but it sure seems to indicate the market six months later isn't slowing down"...

So? If sales were going well back then it's still a good sign. I'd imagine six months isn't *that* long for the market to be drastically different in most cases.

That article was only referencing Q4'17 and Q1 2018 data. What I was saying was that knowing Vista reached ~45-50% sold and subtracting those units from the luxury condo sales announced for this year, seemed to imply very few 1000M units. So that was based on Q2/Q3 2018.

Thats also me doing suspect math based on a single public number.

That article linked sounds quite a lot like an advertorial you'd see in Asia paid for by a developer, potentially one worried about losing sales momentum.

My, maybe, irrational fear is that there is a very finite market for luxury condos on South Michigan and they are not getting any new buyers after winning the hearts of the early adopters in that niche market.

To put it another way. Lets reasonably assume they need at a minimum 30% of units sold to break ground, maybe 40%. So they need 96 to 128 sales. If they got 40 through Q'18 and continued that pace into the summer (assume summer is high season for pre-sales just like everything else? Maybe not...), you'd expect them to have already passed 90-100 units under contract. And considering the importance of that, I would have expected them to make some announcement more recently about ground breaking or confirming sales.

Vista is always very eager to tell you their sales % because they are happy with it. Its 43% or its up to 47% sold whatever. The silence from 1000M and the extrapolation of their early pace is worrying.

Oh okay, and yea could be

You'd think rich people would want to be closer to the park than anywhere else?

Yea, it could be they are just more discreet about it. Last we heard groundbreaking was next month but of course things could change.

I guess if the condo market in this area is that weak then NEMA's twin/second tower has no chance this cycle :shrug:

This is what I have perceived as well. We have seen, what, two articles that mention sales? Both read as PR pieces meant to paint a positive picture but lacked anything in terms of concrete numbers.

Matter of fact, if you go to the contact us section of the unique homes website, the site the most recent puff piece came from, you can see that the editorials on their website are noting more than an ad buy.

From their media kit, the website:
This whole development has seemed rather doomed from the outset

You guys are probably right, I just wanted to convince myself that this thing had a chance.

I guess it's better to be cynical than have false hope, but we have plenty go good stuff going on so whatever

I would rather wait for a better design, and more height.

Not mad either. Hope we get a better design in the next cycle with the same height.

Hi everyone - first post here :).

I saw a new 1000M ad targeting Chinese buyers saying the building will start construction next spring and complete between 2021 and 2022. Not sure how reliable this info is but just thought to throw it out there.

Yeah, I know I've seen a lot of people talking about the start date for this, and the only date I've heard is Q1 of 2019, so a spring start is feasible if that ends up being March. That timeline has been pretty consistent for the last year I think. We'll know pretty soon I guess

Why are people here making negative assumptions about sales?

Too much assuming around here, which gets us nowhere.

Yea, people have the idea this (from the article I posted) was fake, which it could be I guess, but doesn't seem like something to lie about.

And again, I don't know why Grant park adjacent wouldn't be the most desirable area of the city.

...

I can't really think of any reasons why Grant Park adjacent housing would be the most desirable area of the city.

I don't really see much in the way of negative assumptions being made. If anything there were too many of the rah rah comments based off misleading information.

There hasn't been much in the way of anything reported since the initial marketing push for this building. What has come out has been in the form of PR pieces trying to paint a specific picture. Had those pieces existed along side anything remotely credible, then sure maybe the outlook is good. But in the absence of it, you should probably be a little skeptical at this point.

For a building that is allegedly supposed to start in the next 3 months we are pretty far into they typical window where we hear whispers about financing or Crains gets some sort of more complete scoop. But there is nothing.

I've dealt with the exact same festivals and traffic as well, and I have no complaints about it at all. Quite the opposite really... I guess I could see it growing tiresome for senior citizens since they just lack the energy to keep up with so many festivals and events, but for me it's the perfect location. The energy of it all, just being in the center of what is the highlight of someone's month or even year and having that be an ordinary thing is just fantastic.

Not sure how you could compare it to River North which is just a giant club and pricey restaurant/bar scene. Apples to oranges... hell, apples to skateboards.

I would imagine that the people ages 35-50 buying there will more than likely love the place.

...

Looking at Jahn's website and at some renderings. Found this one. Wow! Will it really dominate the skyline like this?? I know its a similar height to 1BP and that towers over Streeterville, which already has its fair share of 500+ footers. And I knew this one was a big boy, so this feels right, but god damn. Makes me want this one waaaaay more.

https://farm8.staticflickr.com/7918/...e572ee66_b.jpgScreen Shot 2018-12-24 at 8.06.17 PM by Andrew W, on Flickr