CHICAGO | St. Regis Chicago (Vista) | 1,191 FT | 101 FLOORS

[Tom In Chicago]

Originally Posted by Bonsai Tree

Actually, no, it's not just him. Although I wouldn't say it is as big of a deal as others have stated. There was the whole glass backup, which was a huge deal and definitely was a big headache for them (I forget exactly how long it took but I believe it was more than 6 months). Secondly, Wanda backed out of the project, leaving them to find a new hotel to fill the space. They had a fire towards the bottom of the tower (this wasn't too much of a problem though). Furthermore they've had pretty slow sales (hovering around 30-40% for what seems like forever, even before Covid). So, I would say that the evidence points to this building definitely being a serious headache for Magellan but I do believe they will eventually overcome all of these. Now to the question of Vista's profitability, anyone can guess. I would say it's definitely not just lakeshoredrive though.

This is a 101 storey building. . . I can see it from my house. . . I've watched this thing every day from planning, groundbreaking to where it is today and none of the problems they've encountered (physical / economical or otherwise) seem at all surprising. . . in fact I'm amazed that it's gone as smoothly as it has. . .

. . .