Quote:
Originally Posted by ChicagoChicago
Someone is going to take this thing off of a bankrupt Teng's hands if they don't build it. It has the foundation of a 90 Story building. The plans are there. Prior to last year, the hotel market supported a high end hotel. It will be built. I just hope Teng wises up and dumps the site and gives someone else a chance to produce Chicago's next supertall.
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Obviously you feel this way, so my question to other, more knowledgeable posters- more knowledgeable than me, not you- is is this a legitimate assumption to hold? One would think that a foundation already built to support a supertall structure would be like a light for moths, once the economic situation comes around. If I'm a developer looking to build a supertall condo (or even just any tall condo) wouldn't this be the first place to look instead of strating from scratch?
It seems to me it's incredibly unlikely that a very tall building
won't be going here in the near (5-8 years) future because the thing is damn near halfway done already. Is this a reasonable opinion to have? Why or why not?
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