Quote:
Originally Posted by aaron38
I doubt it will be 10 years. From the developments of the last 15-20 years the low hanging fruit is gone, all the easily developed open lots. There won’t be as many projects as in the past, not as many sites. That will trend towards fewer but larger projects. That’s how I see it. Downtown looks nothing like it did in 1998.
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Nope nope nope. There are still tons of lots left downtown, they just are south of Jackson. Lots of easy to develop locations there and on fringe downtown neighborhoods like the West Loop, River West, River North, Near South Side, etc. I don't see at all how you could come to the conclusion that there would be fewer but larger projects after this cycle. All this cycle did for me was validate the fact that projects between 10-40 stories can be built anywhere at any time and succeed.
I agree that it won't be 10 years though, as 400LSD is close to a guarantee with Related, the Tribune site is already being converted into condos, so no time was being wasted there, Wolf Point is a guarantee with the anchor(hopefully a height bump takes place though), the tower at Union Station is a guarantee as well, really leaving 1000M as the odd one out, and who knows if they'll pull the trigger on building that thing with how slow going the sales are.