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Old Posted Aug 25, 2020, 2:53 AM
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chris08876 chris08876 is offline
NYC/NJ/Miami-Dade
 
Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,936
Wasn't Tribune postponed until 2021/2022 if I recall?

Hopefully the market improves because if the Manhattan luxury market is any indication, the slow down (and in other metros with ultra-luxury), I'd imagine given the exclusive nature of Tribune, with its apartment and condo functionality... it would suck if its downsized.

Maybe on that development, its best if they really wait. Q4 2021 would be optimistic, but we also have this Fall coming up, and the uncertainty that awaits.

I'd hate to see a down sizing occur, so if 2021/2022 is not realistic, I wonder how long they would be willing to wait. Either that or change the functionality up/design modifications to not rely so much on that niche/exclusive market.

Or they could just take the risk, and build it at the end of 2021 in hopes that the market will be ripe when its finished in like 3-4 years.

For whatever reason, I've noticed Chicago developers are very risk mitigation heavy in thier decorum. Let's pray to the Universe that it doesn't go the way of the Chitown Spire.
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