Moving on, this property is likely to sit idle for years.
The state of the site looks unsuitable to walk away from just now. They were just preparing to weave the rebar for a huge mat pour. The caisson tops are exposed in a pit that is continually flooded, with exposed rebar more than ten feet tall. How are they going to "safe" this site so it can at least retain the value of the foundation that is done? Just bury it all and hope its okay? |
Quote:
|
Quote:
He was simply offering HIS opinion. As people often do on internet discussion forums. The fact that it so clearly triggered you actually says volumes more. |
The financing on this project must have been very soft. Banks do not pull financing once the deal has closed unless certain milestones were not achieved.
|
Quote:
If he does, nothing further to discuss, I will agree with his kindly worded “opinion” about this developer. |
Quote:
Probably gonna be awhile :haha: |
Quote:
Willing to bet Goldman ends up owning this and then selling it for a tidy return on their short loan in the next 5 years. Probably Related or someone like that will pick it up for a reasonable long run price and develop it with something ho hum and hugely profitable. |
Quote:
|
Quote:
Regardless of whether that was the real impetus for the shutdown, that is terrible, sad, and devastating. |
Quote:
Last sentence was my read on his reaction as well - seemed to be somehow weirdly politically triggered. |
Some activity on site today. Gravel path to the excavation and some diggers moving about.
|
Are they filling the mat slab with sand?
|
|
^ very strange.
What IS going on here? |
Im hoping this is a good thing that maybe they're preparing to restart construction soon
But it could also be that they're preparing the site to be dormant for a little while longer. |
^ Another outdoor space, for 'virus dining, perhaps? :shrug:
|
Hmmm... I was wrong about a long stall when they covered the exposed rebar at Hudsons Site in Detroit, but that's just plastic covering the rebar... this is corrugated liners and crushed rock... Why would they fill in a (rather deep) excavated pile cap just to come back and dig it all out in a month to restart construction? Plastic bags over rebar columns cost little to nothing (pretty much just the labour) and can just be ripped off... crushed rock on the other hand... doesn't bode well.
|
a very well supported parking lot.....
|
If the crushed rock is not an indication of a restart, then how would one explain the following comments from the article linked above?
"...compared to the shut down picture we showed you in July, some dirt has been dug, some equipment has been moved, and there’s some new heavy equipment on site that wasn’t there before, including an excavator. In the new picture, we count 26 rebar cages for the caissons. In the old picture, the number was closer to 20." |
Quote:
Aug 8 or possibly trying to keep the tops from getting bent when they are buried for a few years. |
All times are GMT. The time now is 5:27 PM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.