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And yeah, all the groaning going on about how we aren't building big is very silly as Steely pointed out |
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^Yeah, it's rarely as simple as the market and the site demands it, so they should build them taller. There's also economic and functional implications to height. Based on my approximation, this will be a pretty slender tower at only about 80'x100' judging by the size of the site. A tower that is 50% taller will require more elevators or faster, more expensive elevators. It requires beefier structure, which would eat into the small floor plates. You can say that downtown there should be no parking requirements, but there may be issues leasing at the type of rates that top of 800 ft tall towers demand without a certain amount of parking spaces available somewhere.
Then as Bonobp pointed out, the site is currently zoned DX-16. The project per my rough calculations may be using as much as 26 FAR unless they are borrowing from some of the neighbors. That's already pretty high. To get that floor bonus of 10, the developer has to pay the city 80% of the market cost of every square foot that they add to the project. Pushing that to 39 FAR for an 800' tower may only not get Alderman and City approval, but it will be significantly more expensive for those added floors. |
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I supposed I could have been more specific but Ned covered my bases |
300 N Michigan - Demo
Sept 18
Sept 25 |
I realize that some of you want something taller but I’m salivating to see this start.
Mich Ave south of the river is just epic....and getting more so |
The "taller" freaks need their own planet.
The Smurfit building is one of the biggest gems in the city of Chicago. Too bad it wasn't 800' taller. C'mon man. Give your balls a tug. |
I actually think it is right sized. It holds that corner and pulls everything together perfectly . I think if it was way taller it would not have the same affect.
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WPS, OTOH, should have been taller.... |
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October 1, 2019
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Now that's a beautiful sight... one less under/un-utilized space in the city
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^Agree 100%!
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I have to agree with Bonobo here. That corner will benefit from this tower which replaces a rather unremarkable albeit old building. it’s going to significantly liven the block.
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