I think because they've dug down so far, about 65 feet, I think they may be dealing with water issues because of the river being so close by. Also any time a skyscraper digs down to any level, it's always the foundation work that takes the longest. Also, isn't Altavida's garage going to be linked to 100 Congress' garage? I'm not authority on the water thing, but I know skyscrapers have water tables to deal with in their foundations. The WTC for instance had a huge concrete barrier keeping out the water - The "Bathtub" as it was called. During 9/11 that structure was damaged and had to be repaired before any new construction could take place.
The Monarch also had a previous tower planned for its location. By a different developer of course. If you guys remember the old downtown Strait Music store was demolished to make way for a new 17-story residential tower. I think Post Properties was the developer, but they pulled out of Texas and sold the lot. I think it ended up not happening because of the tech-bust, it suffered the same fate as the original Four Seasons proposal.
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