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Dec 27
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If their rebricking that whole wall, then damn this is going to take forever to start rising.
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January 3, 2020
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January 7, 2020
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Foundation permit hasn't been issued yet btw. Still under review.
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they started site demo quite a while ago now. |
January 16, 2020
 January 17, 2020  |
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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? |
They ran out of dump trucks to pick up those bricks.
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LOVING that first shot Solar. :cheers:
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[QUOTE=SolarWind;8804317]January 16, 2020
That Photo is AMAZING! |
March 2, 2020
 No movement, but I was in the area and snapped a picture. |
The fuck is going on with this one? Almost forgot this was a thing.
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I heard the Japanese outfit that was providing the financing pulled out...
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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! |
Only a plus if we get taller more unique design, if this is dead.
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Maybe JDL will buy it and put something there.
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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. |
On the other hand....
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That’s a relief, thanks spy guy.
What a roller coaster. |
^Only a roller coaster due to some unfounded speculation :koko:
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^my info came from the lead designer @bKL on the project...
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^I was more remarking on the "it's dead" and "will be a hole in the streetwall for[ever]." :haha:
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If Sterling Bay leaves it vacant long enough maybe they'll get a juicy TIF?
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Hells yeah!
A 47-story North Michigan Avenue high-rise is set to begin during the pandemic. Sterling Bay CEO says it took a ‘herculean effort.’
By RYAN ORI CHICAGO TRIBUNE | JUL 16, 2020 Quote:
https://www.chicagotribune.com/resiz...KLOVDOQHW4.jpg |
I gotta tell you guys, this pandemic had been really depressing.
But it really uplifts one to see that projects are still trudging forward. Gives one hope for the future. Kudos to SB |
Wow, I thought this one was a lock to sit idle for a good long while due to the Covid.
Color me genuinely surprised. |
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Referring to this perhaps. . .
https://www.chicagotribune.com/colum...xfy-story.html Quote:
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Such a welcomed surprise :)
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Love seeing new buildings rise all over Chicago...but genuinely a little sad to lose an Epic unobstructed view of the Carbide & Carbon building with this one landing right next to it. I'll get over it though.
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So good to hear. Gonna miss the retro video game staircase wall.
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Starting a hotel project? Ok... :koko:
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Hopefully we'll get some more thoughtful project review out of the new team at DPD than we've gotten in the past. I've already had the Planning Commissioner Cox himself weigh in on a small chain restaurant project I'm working on. |
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Yeah even if the building design just had it set back from the street a bit I would have been a happy camper.
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Nice, good news. It'll be kind of hidden where it is but still a 500+
Will wait for more renderings though because the design looks kind of boring as is |
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Love this play by SB / Magellan. “You want us to build your hotel? Ok but you have to buy it when construction is done.”
Talk about eliminating risk from the development side. Way to go. |
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300 N Michigan Ave was issued a new construction building permit on Friday, under the address of 88 E Wacker Pl. it's for caissons, foundation, and superstructure up to the 4th floor.
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--- why does this building have it's own thread ? |
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