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Originally Posted by 2PRUROCKS!
I have an acquaintance who works for Halvorson & Partners. I spoke to him on Friday and he told me one of his projects was to work on the structural engineering for 800 S. Michigan. He told me they are considering doing away with the stilts because of cost. The figure he quoted me was that the stilts would add about 5 million to the project budget and that each connection joint where angled stilts connect with each other would cost at least $100,000 and be about the size of an SUV. The stilts themselves would be made of reinforced concrete incased in metal. All of this of course would need to be custom made. I told him I really hope they keep the stilts as it is the most architecturally compelling aspect of the project. I didn't tell him this but $5 million doesn't seem that bad for such a significant design aspect of a project that I would guess would cost more than $200 million.
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I seriously doubt it would cost more than $200 million - that would mean each of the 388 units would cost over a half million to construct and there's about 10 per floor, so I'm not seeing them being excessively huge. But $5 million does mean nearly $13,000 extra per unit, which doesn't seem impossibly expensive to absorb.