That's a great photoshop image if that's the case!

Lol. I would never joke about something like that. :haha: I just about dropped all my belongings. My friends didn't get it.

Doesn't look like Photoshop to me.

Agreed, it looks pretty real :shrug:

Good news? I guess? This one'll remain a mystery for a while I suppose

Yeah, if that's a photoshop, then the lurker needs to go pro pronto.

I wonder why kolchak made the claim. Perhaps a misguided joke?

LOL right?

Steely It was just an expression of shock. Like I don't believe what I see. At least the poster got it

^ gotcha.

It's 100% real. Walked by it this morning post-run.

I knew you were joking by the ellipses (...) fwiw I thought it was funny

Even if it's real everything about this project is shady... I don't think it will ever happen, it just has an air of illegitimacy about it. Anyone else feel this way?

Redfin has 79 units showing as pending. Out of 421 units. Not sure how accurate of a measure that is.

I don’t think I would buy a unit in a proposed project. It’s a gamble on what the market will look like in 3-4 years. In the last boom every believed they would make money. People aren’t that eager anymore. If you’re buying here you must really love the building and location.

It is pretty accurate, according to the MLS there are 32 units active and 80 units under contract. The most expensive unit under contract was listed at $3.4m, the most expensive unit active is $8.1m, the median list price for units under contract is $705k, and the median list price for units active is $1m.

So this is a go ?

That's actually not terrible in terms of pre sales. I think with 25% sold this could actually happen. I think there is probably also more hesitancy on the part of buyers to commit to buying in a large building like this because so many projects got dumped in the last crash. If this thing actually starts construction I have a feeling it would sell out fairly quickly, but they got to get there first.

If we assume the units sold near ask (doubtful) then they currently have $78m worth of property under contract at an average list of $974k.

I just read on the Supertall Construction forum that even though Vista is nearly completed, it's still only 45% sold. Compared to that, 25% at this early point for 1000M actually sounds pretty decent. I hope it will happen, as the location is excellent, and both the condo prices and HOA fees are surprisingly affordable, e.g. a 605 sq ft unit with 2 bedrooms and 1 bathroom has a price tag of only $565,000, and an HOA fee of $293/month.

How does one fit 2 bedrooms in a 605 sqft unit. My 1BR 1BA is 900sqft...

Are we counting bunk or murphy beds? That's like a hotel room small.

I have a few 650 SF 2 beds, if you know how to plan efficiently you can hardly notice it's that small. My bedrooms fit queens comfortably and I have nice open concept living/kitchen areas. No tub in the bathrooms though, but people like poured in place showers better anyway.

Many years ago I lived in a 500 sq ft condo with 2 bedrooms and 1 bathroom. Yes the bedrooms were really small, but the kitchen was rather big, and the living room reasonably comfortable.

1000M's web site has detailed floorplans. This is the unit in question: https://1000southmichigan.com/floorp...tion-41-47-11/

And this 841 sqft unit has 3 bedrooms and 2 baths: https://1000southmichigan.com/floorp...tion-41-47-10/

^Bedrooms are usually way bigger than necessary. In a roommates sharing an apartment situation that makes sense, but if the bedroom is just used as a bedroom, it needn't be large.