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  #6061  
Old Posted Feb 20, 2008, 5:34 AM
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^ So looks like they don't intend to preserve anything whatsoever? How do they intend to make this a mixed-income community without making the price of non-subsidized units (or shall we say, subsidizing units) exorbitant?

Way to wreck a neighborhood, guys. I mean the new density is great, but this isn't the way to achieve it.

Thanks for the photos and recap, BVic.
     
     
  #6062  
Old Posted Feb 20, 2008, 11:40 AM
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I think its a good place to start, their plan will change. Residents will have their say, as will the alderman, the city, and also the almighty $$.
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  #6063  
Old Posted Feb 20, 2008, 11:59 AM
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Originally Posted by Chicago2020 View Post
Remember the first rendering for Central Station????

Looked almost exactly like that
I think you are implying that the PoMo plan will be greatly revised by the time it's built.

The answer to this is yes and no. As BVictor mentioned, there would be other architects hired to contribute to this, which is wise. However, they have hired Johnson and Lee as the "master architect," which gives them design control over the whole experience in a way. So, I would expect the final thing to look a lot more like this initial vision than Central Station ended up looking like the LaGrange masterplan.

That said, this thing is phased out pretty far in the future. Johnson and Lee might not even exist at that point in time. It also gives people time to come to their senses.

Quote:
Originally Posted by the urban politician View Post
How did the community respond to the project?
I thought that was really rather tragic. There is a difference between NIMBYs and people who are wondering about their futures. There were many, many seniors in the room who were literally wondering where and how they were going to relocate. Many people were furious. One of these was a man who had lived there for 48 years; many others had similar records. The wonderful woman who sat next to me had lived there for 38 years. She was very frightened when the thing started, but when she saw the timeline she was relieved, telling me "Well, I won't be here [alive] any longer at that point."

The company has offered free assistance to people who need to move due to demolitions, but the financial aspect of moving is only a fraction of the issue when you are elderly.

Other reactions were mixed. Some people really liked the way it looked. Others seemed to really enjoy where they lived at present and felt like this was a huge disgrace. The majority of people in the room seemed uncomfortable about their futures, given rent increases etc, and a lack of comparable places to live in that budget within the city.
     
     
  #6064  
Old Posted Feb 20, 2008, 1:43 PM
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Feb. 20, 2008

Wirtz Corp. plans Lakeview condo tower
By Alby Gallun

(Crain’s) — The Wirtz Corp., a longtime apartment owner in the city, plans to build a 19-story condominium tower in Lakeview, its first condo project.

http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=28252

Render is at link. Looks like it has one decent elevation.

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Also, slightly different render of 155 N. Wacker Dr. here ->> http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=28254
     
     
  #6065  
Old Posted Feb 20, 2008, 1:53 PM
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http://www.chicagobusiness.com/cgi-bin/news.pl?id=28255

Hines Interests in deal to buy UBS tower

By Thomas A. Corfman Feb. 20, 2008

(Crain’s) — In a deal that seemingly defies the harsh commercial real estate investment market, Hines Interests L.P. has tentatively agreed to pay a hefty price of about $540 million for UBS Tower, edging out rival developer John Buck Co.
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  #6066  
Old Posted Feb 20, 2008, 2:00 PM
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http://www.suntimes.com/business/roeder/802636,CST-FIN-roeder20.article

ACTING PRESIDENTIAL: When Presidential Towers opened in 1985, it reflected the leftover design philosophy of the 1960s and '70s that said cities were scary places and that high-rises had to present a fortresslike face to the surrounding streets. Accordingly, the four-tower complex had retail stores placed along interior arcades. That way, the residents of Skid Row would have a hard time mingling with the apartment dwellers who were the intended customers.
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  #6067  
Old Posted Feb 20, 2008, 2:10 PM
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New rendering of the Peshtigo at yochicago.com....
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  #6068  
Old Posted Feb 20, 2008, 2:24 PM
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^^^^^
The blank wall fronting LSD remains hideous. Besides that huge flaw, I don't hate it.
     
     
  #6069  
Old Posted Feb 20, 2008, 2:46 PM
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Quote:
Originally Posted by BVictor1 View Post
http://www.suntimes.com/business/roeder/802636,CST-FIN-roeder20.article

ACTING PRESIDENTIAL: When Presidential Towers opened in 1985, it reflected the leftover design philosophy of the 1960s and '70s that said cities were scary places and that high-rises had to present a fortresslike face to the surrounding streets. Accordingly, the four-tower complex had retail stores placed along interior arcades. That way, the residents of Skid Row would have a hard time mingling with the apartment dwellers who were the intended customers.
^ In this article, as well as in a similar article in this week's Crains, there will be a 40% increase in retail space in Presidential Towers, and one of the towers will be converted into a hotel
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  #6070  
Old Posted Feb 20, 2008, 2:48 PM
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Quote:
Originally Posted by honte View Post
Feb. 20, 2008

Wirtz Corp. plans Lakeview condo tower
By Alby Gallun

(Crain’s) — The Wirtz Corp., a longtime apartment owner in the city, plans to build a 19-story condominium tower in Lakeview, its first condo project.

http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=28252

Render is at link. Looks like it has one decent elevation.
^ Half of it will be parking, thus opaque windows. 192 parking spots for a 79 unit tower--are you f'in kidding me?

More on this:

Alter Buys Land for $400M-Plus Hotel Project
By Gina Kenny
CHICAGO-The Alter Group, headquartered in Skokie, has acquired a 3.7-acre parcel at Cermak Road and Prairie Avenue. The property was purchased from New York City investors, says Matthew Ward, SVP at Alter. The cost to acquire the land was reportedly $70 million. Alter plans to construct a hotel development on the site with an estimated cost between $400 million and $500 million, Ward tells GlobeSt.com.
http://www.globest.com/news/1097_1097/chicago/168406-1.html
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  #6071  
Old Posted Feb 20, 2008, 2:53 PM
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whats different about it? Seems the same, and yes that wall fronting LSD looks absurd! Guess the city is going to continue to allow these blank streetwalls!
     
     
  #6072  
Old Posted Feb 20, 2008, 3:26 PM
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The blank streetwalls don't bother me so much when they are facing LSD. You figure it is not a pedestrian street and anyone who looks back at the city has their eyes focused upward anyways.

Still, its not great, but not terrible...
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  #6073  
Old Posted Feb 20, 2008, 3:42 PM
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Quote:
Originally Posted by honte View Post
I think you are implying that the PoMo plan [for Lake Meadows] will be greatly revised by the time it's built.
Can someone explain to me what a "PoMo plan" is? Postmodernism is a term generally applied to architecture, implying an ironic use of traditional massing, forms, or ornament. I'm having a hard time seeing how it could apply to a plan. Is there axial symmetry that's ironically resolved or unexpectedly terminated?
     
     
  #6074  
Old Posted Feb 20, 2008, 4:08 PM
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Quote:
Originally Posted by honte View Post
Feb. 20, 2008

Wirtz Corp. plans Lakeview condo tower
By Alby Gallun

(Crain’s) — The Wirtz Corp., a longtime apartment owner in the city, plans to build a 19-story condominium tower in Lakeview, its first condo project.

http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=28252

Render is at link. Looks like it has one decent elevation.
That parking ratio of 2.43 spaces per unit is absurd, especially given that location (with most 'neighborhood' amenities immediately accessibly by foot and frequent express bus service downtown). I only hope the size of the garage represents an overall parking shortage in the neighborhood (e.g. half of the garage will be public parking) and these aren't all just devoted to the residential units.
     
     
  #6075  
Old Posted Feb 20, 2008, 4:16 PM
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The streetwall doesn't bother me to much. If it was a shorter building maybe, but the overall look and height make it ok. The location also is low pedestrian other than those going to Navy Pier. I like the park in between Parkview and Peshtigio.
     
     
  #6076  
Old Posted Feb 20, 2008, 4:30 PM
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Quote:
Originally Posted by Mr Downtown View Post
Can someone explain to me what a "PoMo plan" is? Postmodernism is a term generally applied to architecture, implying an ironic use of traditional massing, forms, or ornament. I'm having a hard time seeing how it could apply to a plan. Is there axial symmetry that's ironically resolved or unexpectedly terminated?
Reply is in the general development thread, since this no longer pertains to high-rises.
     
     
  #6077  
Old Posted Feb 20, 2008, 5:28 PM
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Quote:
Originally Posted by the urban politician View Post
^ Half of it will be parking, thus opaque windows. 192 parking spots for a 79 unit tower--are you f'in kidding me?

More on this:

Alter Buys Land for $400M-Plus Hotel Project
By Gina Kenny
CHICAGO-The Alter Group, headquartered in Skokie, has acquired a 3.7-acre parcel at Cermak Road and Prairie Avenue. The property was purchased from New York City investors, says Matthew Ward, SVP at Alter. The cost to acquire the land was reportedly $70 million. Alter plans to construct a hotel development on the site with an estimated cost between $400 million and $500 million, Ward tells GlobeSt.com.
http://www.globest.com/news/1097_1097/chicago/168406-1.html
When I saw the half a billion dollar pricetag I got excited and thought the height would be decent. Two 22-story hotel towers? Ugh, and you know the parking is going to kill the base of this thing. You'd think they could combine the hotels and get something near 50 floors and then develop the other half into rentals.
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  #6078  
Old Posted Feb 20, 2008, 5:32 PM
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1 Presidential Tower into a hotel? Thats 49 stories!

Is it just me, or does anyone else really notice how many hotel proposals are coming along? Its really crazy when you think about it. Even crazier when you think about whats u.c.
     
     
  #6079  
Old Posted Feb 20, 2008, 6:35 PM
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Originally Posted by LA21st View Post
1 Presidential Tower into a hotel? Thats 49 stories!

Is it just me, or does anyone else really notice how many hotel proposals are coming along? Its really crazy when you think about it. Even crazier when you think about whats u.c.
But it is an extended-stay hotel property which is in a different boat. Think of it as a corporate appartment.
     
     
  #6080  
Old Posted Feb 20, 2008, 7:35 PM
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Cant we just tear down two of thos hideious towers and build some new development in thier place? The only thing worse that having a bad building with lots of open space around it is having FOUR of them in a row.
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