well that's certainly curious.

you didn't happen to snap a pic, did you?

anyone have a clue what these could be for?

Ill take one tomorrow.

The rebar to the bottom right side on the rack is new.

https://i.imgur.com/YgCWRGs.jpg

Is there a chance this isn't totally dead?

If not, why on earth would they bring those to the site?

I wonder if its rebar that was purchased before it got shut down and where ever it was being stored needed to be freed up so they just put it brought it there?

Yea I thought this too, going to assume that's the case and not get my hopes up. Would love to be wrong...

Most likely answer

1000M could be revived as apartments
 

Unit layouts are being redesigned at 1000M, the Helmut Jahn-designed condo tower on South Michigan Avenue, in an effort to refinance the project and resume construction next year, “primarily as a rental project.”

“The exterior of the building would remain substantially as previously approved,” Francis Greenburger, chairman and CEO of New York-based Time Equities, added in an emailed statement. “Our hope would be to commence construction next year, but this will depend on economic conditions and the availability of financing.”

The plans are preliminary, and there’s no guarantee the tweaks will lead to a relaunch of the 74-story project.

https://www.chicagotribune.com/colum...000M-skyscrape

That's awesome! What this project probably should have been in the first place.

^ Totally agree that it's what the project should have been.....or actually, a composition mix like OBP in Streeterville I think would have worked just fine too (maybe 65-85% rental/remainder condo) - of course with the right price points at this location. Just a tremendous misjudgement to start with the inverse and then go all condo (massively ambitious scale of condo development for anything post Global Financial Crisis). Just made no sense.

That being stated, this article feels highly speculative and aspirational. Reads like just something the developer hopes to be able to do. I truly hope they pull it off. I'm less than enthusiastic about the odds here.

Also, it's always been unclear to me what the actual nature of their financing agreements were.....would love to get the details and had hoped one of the town's prominent real estate reporters would have surfaced what was really going on there.

This would make a huge impact on the skyline, especially when viewed from the very common Alder spot. As others noted, surprised it was not adjusted to renting earlier.

I wonder if this will impact the potential of a second NEMA?

In a positive or negative way? Could see it delaying NEMA 2 until demand is right but 1000M could hopefully lock it in if developers think that corner of South Loop is hot

For those who've been around for awhile, you'll remember this project was originally a rental/condo mix.

When they changed the design, it went all condo, which I always thought was foolish.

Glad to see potential new life breathed into this project, it's been around for some time now.

Maybe they'll even revive the original bad-ass design!

http://www.trbimg.com/img-560eaade/t...02/600/338x600


Oh what could've been.......

The height was nice but I like the curviness of this one ^^^

Yea could go either way. Maybe it'll give them incentive to go higher...

Responding to this six weeks later, lol...

Lagrange is the go-to guy for traditional or deco highrises in Chicago and he is widely known in the RE industry for this. The only reason Related hired Stern for OBP is because they already had a relationship from several projects in New York and LA.

Can you suggest any other local architects who offer that kind of cachet for traditional design (whether deserved or not) and an understanding of highrises?

Remember, the limit is 900' in the landmark district, so the original design would still have to be vertically modified to fit.

That and the foundation is already in place and who's to say the original had the same caisson locations.

^ I wasn't being serious.


My actual fear is that we ultimately end up with something like this on this site:

https://i.postimg.cc/prhvgJ1T/old-1000-s-michigan.jpg

This would be the worst. Horrible.

That's an outdated design, but as far as something of that massing, something that extends the street wall, I would be thrilled if something like that gets built. Put in a nice stone façade, a good lobby and I'm sold.