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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.

spyguy Mar 10, 2020 6:28 AM

On the other hand....

Quote:

Adjustable Concrete Construction
February 25 at 6:43 PM

The fourth spring project we are featuring is a big one. 300 N Michigan with our good friends at Linn-Mathes is scheduled for a concrete start in May. Great collaboration with WSP and bKL Architecture helped us work through some challenging structural details and architectural constraints. We're excited to get this one started soon.

Handro Mar 10, 2020 11:41 AM

That’s a relief, thanks spy guy.

What a roller coaster.

Skyguy_7 Mar 10, 2020 12:08 PM

^Only a roller coaster due to some unfounded speculation :koko:

pilsenarch Mar 10, 2020 3:04 PM

^my info came from the lead designer @bKL on the project...

Skyguy_7 Mar 10, 2020 5:12 PM

^I was more remarking on the "it's dead" and "will be a hole in the streetwall for[ever]." :haha:

Steely Dan Mar 10, 2020 5:14 PM

Quote:

Originally Posted by Skyguy_7 (Post 8856990)
^I was more remarking on the "it's dead" and "will be a hole in the streetwall for[ever]." :haha:

but no one said either of those things. :shrug:

r18tdi Mar 10, 2020 5:24 PM

If Sterling Bay leaves it vacant long enough maybe they'll get a juicy TIF?

Kumdogmillionaire Mar 10, 2020 8:25 PM

Quote:

Originally Posted by r18tdi (Post 8857011)
If Sterling Bay leaves it vacant long enough maybe they'll get a juicy TIF?

Hoping this is tongue in cheek... not how TIF works

the urban politician Jul 16, 2020 7:25 PM

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:

Two major Chicago developers are expected to break ground next month on a 47-story apartment and hotel tower on North Michigan Avenue, in what would become the first high-rise to get underway in the city since the coronavirus pandemic shut down much of the economy.

Sterling Bay and Magellan Development Group on Thursday secured $174.5 million in construction financing for the long-planned tower at 300 N. Michigan Ave.

Construction of the $250 million project just south of the Chicago River is set to begin in early August and will take almost two years to complete, Sterling Bay CEO Andy Gloor said.
https://www.chicagotribune.com/colum...urce=onesignal

https://www.chicagotribune.com/resiz...KLOVDOQHW4.jpg

the urban politician Jul 16, 2020 7:26 PM

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

Steely Dan Jul 16, 2020 7:32 PM

Wow, I thought this one was a lock to sit idle for a good long while due to the Covid.

Color me genuinely surprised.

pianowizard Jul 16, 2020 7:42 PM

Quote:

Originally Posted by the urban politician (Post 8983448)

CHICAGO TRIBUNE wrote: "...the first high-rise to get underway in the city since the coronavirus pandemic shut down much of the economy"

That's incorrect, since Salesforce Tower began construction about two months ago.

Tom In Chicago Jul 16, 2020 7:47 PM

Referring to this perhaps. . .

https://www.chicagotribune.com/colum...xfy-story.html

Quote:

Originally Posted by Chicago Tribune
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 AT 1:52 PM

Two major Chicago developers are expected to break ground next month on a 47-story apartment and hotel tower on North Michigan Avenue, in what would become the first high-rise to get underway in the city since the coronavirus pandemic shut down much of the economy.

Sterling Bay and Magellan Development Group on Thursday secured $174.5 million in construction financing for the long-planned tower at 300 N. Michigan Ave.

Developers Sterling Bay and Magellan Development Group are set to start building a 47-story apartment and hotel tower at 300 N. Michigan Ave., after securing $174.5 million in construction financing. The $250 million project will be the first Chicago high-rise to kick off construction during the coronavirus pandemic. (bKL Architecture)

Construction of the $250 million project just south of the Chicago River is set to begin in early August and will take almost two years to complete, Sterling Bay CEO Andy Gloor said.

. . .

CrazyCres Jul 16, 2020 8:32 PM

Such a welcomed surprise :)

chicagodeckerdude Jul 16, 2020 8:58 PM

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.

KWillChicago Jul 16, 2020 10:01 PM

So good to hear. Gonna miss the retro video game staircase wall.

r18tdi Jul 16, 2020 10:08 PM

Starting a hotel project? Ok... :koko:

ardecila Jul 16, 2020 10:16 PM

Quote:

Originally Posted by chicagodeckerdude (Post 8983541)
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.

I agree, I would have preferred a different massing that preserved views of C&C.

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.

The Lurker Jul 17, 2020 3:47 AM

Quote:

Originally Posted by chicagodeckerdude (Post 8983541)
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.

I was selfishly hoping this one would fall through the cracks and one day be replaced by a shorter or more architecturally significant design. But good news is good news. SB can get things done.

HomrQT Jul 17, 2020 1:45 PM

Quote:

Originally Posted by chicagodeckerdude (Post 8983541)
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.

Take as many photos of the Carbide & Carbon building as you can before it's covered up.

chicagodeckerdude Jul 17, 2020 3:17 PM

Yeah even if the building design just had it set back from the street a bit I would have been a happy camper.

Zapatan Jul 17, 2020 4:48 PM

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

Skyy Jul 17, 2020 7:18 PM

Quote:

Originally Posted by Zapatan (Post 8984277)
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

I agree, tall is great, but infill is always still good, especially in prominent locations like this

Goose Island Guru Jul 18, 2020 12:45 AM

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.

RedCorsair87 Jul 18, 2020 5:04 PM

Quote:

Originally Posted by Zapatan (Post 8984277)
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

It's a shame Goettsch wasn't hired for this. A 500ft version of the taller tower at One Chicago that speaks with C+C would be great here.

r18tdi Jul 20, 2020 9:33 PM

Quote:

Originally Posted by RedCorsair87 (Post 8985162)
It's a shame Goettsch wasn't hired for this.

We would have a blue box... with fins.

marothisu Aug 9, 2020 10:08 PM

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.

harryc Aug 9, 2020 10:24 PM

Quote:

Originally Posted by marothisu (Post 9005733)
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.

As former pizza driver - I would like to slam somebody's head into the wall repeatedly. The building is NOT on Wacker.


--- why does this building have it's own thread ?

marothisu Aug 9, 2020 11:20 PM

Quote:

Originally Posted by harryc (Post 9005743)
As former pizza driver - I would like to slam somebody's head into the wall repeatedly. The building is NOT on Wacker.


--- why does this building have it's own thread ?

Not true. Its on Wacker PLACE not Wacker Drive. Wacker Place is a very short street not more than a block or 2 long, south of Wacker Drive.

Steely Dan Aug 9, 2020 11:29 PM

Quote:

Originally Posted by harryc (Post 9005743)
why does this building have it's own thread ?

It's a 500 footer.


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