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-   -   CHICAGO | 300 N Michigan Ave | 523 ft | 47 FLOORS (https://skyscraperpage.com/forum/showthread.php?t=240138)

harryc Dec 29, 2019 11:49 AM
Dec 27

KWillChicago Dec 29, 2019 4:41 PM
If their rebricking that whole wall, then damn this is going to take forever to start rising.

SolarWind Jan 4, 2020 6:04 PM
January 3, 2020

SolarWind Jan 8, 2020 2:21 AM
January 7, 2020

Fvn Jan 8, 2020 2:56 AM
Foundation permit hasn't been issued yet btw. Still under review.

Steely Dan Jan 10, 2020 5:01 PM
Quote:
Originally Posted by Fvn (Post 8793417)
Foundation permit hasn't been issued yet btw. Still under review.
i wonder what the hold up is.

they started site demo quite a while ago now.

SolarWind Jan 18, 2020 10:28 PM
January 16, 2020



January 17, 2020

SamInTheLoop Jan 18, 2020 10:48 PM
Quote:
Originally Posted by Steely Dan (Post 8795862)
i wonder what the hold up is.

they started site demo quite a while ago now.

Curious as well. There is some sort of hold-up here. Permit issue?
Loan hasn't closed yet? (that would surprise me though, as I'd have expected the loan for this one to close right before they commenced demo)
Something else?

KWillChicago Jan 18, 2020 11:10 PM
They ran out of dump trucks to pick up those bricks.

HomrQT Jan 18, 2020 11:53 PM
LOVING that first shot Solar. :cheers:

bgsrand Jan 19, 2020 3:34 PM
Quote:
Originally Posted by HomrQT (Post 8804378)
LOVING that first shot Solar. :cheers:
Agreed, great density...

chicagodeckerdude Jan 20, 2020 4:56 PM
[QUOTE=SolarWind;8804317]January 16, 2020

That Photo is AMAZING!

SolarWind Mar 9, 2020 3:51 AM
March 2, 2020



No movement, but I was in the area and snapped a picture.

KWillChicago Mar 9, 2020 7:15 AM
The fuck is going on with this one? Almost forgot this was a thing.

pilsenarch Mar 9, 2020 2:51 PM
I heard the Japanese outfit that was providing the financing pulled out...

Steely Dan Mar 9, 2020 2:55 PM
it's a good thing they made sure to demo the existing building before they had their construction financing secured.

now we get to have another ugly dead-space hole in the urban fabric of michigan ave. for god only knows how long!

KWillChicago Mar 9, 2020 3:31 PM
Only a plus if we get taller more unique design, if this is dead.

RedCorsair87 Mar 9, 2020 3:34 PM
Maybe JDL will buy it and put something there.

Handro Mar 9, 2020 3:37 PM
Quote:
Originally Posted by Steely Dan (Post 8855440)
it's a good thing they made sure to demo the existing building before they had their construction financing secured.

now we get to have another ugly dead-space hole in the urban fabric of michigan ave. for god only knows how long!
Seriously! w..t...f...

SamInTheLoop Mar 9, 2020 3:45 PM
This makes sense. I knew there had to be something going on - either with financing or something unexpected site-related that was discovered.

Construction was supposed to have begun in Nov. This means that it was likely a party specific issue that caused the deal they had prior to then falling apart. This should be/have been no big deal, as it's an A+ location, solid developer/equity investor, etc in terms of fairly easily (it's still a process of course, these deals take time to put together) being able to replace the debt with other party(ies).

At the moment, we're in a global public health crisis......with significant economic and financial market reverberations. Things look VERY iffy for the next couple quarters.



So, this complicates things.


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