CHICAGO | Aqua | 858 FT / 262 M | 87 FLOORS

[Saber925]

Originally Posted by asheesh88

Hi,

All the 2BR's are south facing.

Asheesh

Not all. The northwest corners are 2BRs.

[Saber925]

Originally Posted by honte

^ Hmmm, 75th floor units with blocked views. Pretty impressive. I guess they are planning something fairly bold eventually for the "Aqua II" site, as rumored. Thanks for the info.

I'd be surprised if Magellan did a super tall Aqua II, since BCBS started its expansion. Too many compromised views north and south, which would impact prices.

I think they will build a smaller rental property there and then build a much taller building (than originally planned) on the northeast portion of LSE, where the dramatic views would bring higher prices.

[honte]

^ That makes sense and would be better for everyone.

[SamInTheLoop]

^ Agree. I'd been thinking this exact same thing - that it would be a good spot for a rental tower - hopefully cracking 600'. I've also been thinking that the (now sole) tower between Arquitectonica and Swissotel might be a good spot for a large stand-alone hotel. This would allow Magellan to concentrate the remaining condo units in 2 or 3 tall towers along LSD...

[ToBuyOrNotToBuy.....]

Originally Posted by Saber925

Not all. The northwest corners are 2BRs.

.....you're right, those NW corners.....anybody know about how many units they've sold in all........and are those NW corners still available?

[Saber925]

Originally Posted by ToBuyOrNotToBuy.....

.....you're right, those NW corners.....anybody know about how many units they've sold in all........and are those NW corners still available?

There are a couple listed here (The xx02 units).

http://www.theneweastside.com/buildings/forsale.htm

[ToBuyOrNotToBuy.....]

Originally Posted by Saber925

There are a couple listed here (The xx02 units).

http://www.theneweastside.com/buildings/forsale.htm

....Thanks, Saber..........so.....I'm leaving Mayberry on Wednesday and will be at the AQUA sales center on Thursday.......I'd like all the responses I can get on this question......you city boys can tell me........in a situation like AQUA is in now, sell out-wise, does one do what everyone here on the east coast does....."make an OFFER" ?????.........or do you just pay the listed price?

[GregBear24]

^ You should make an offer for an amount you feel comfortable with. (When I bought at central station i offered roughly 7% below their offer. and they came back with a little more, but still below the initial price, so that's what happened in my personal experience, and what a friend of mine who was my real estate agent suggested.) You may want to get a market analysis of lakeshore east and surrounding areas, and since the housing boom has slowed, you might be able to get a pretty good deal. However, every circumstance is different around different parts of the city at different times, so do a lot of homework before, because you also don't want to insult the developer with a low-ball offer. Hope that this can give you some sort of insight, and good luck with the rigorous process.

[budman]

Originally Posted by GregBear24

^ You should make an offer for an amount you feel comfortable with. (When I bought at central station i offered roughly 7% below their offer. and they came back with a little more, but still below the initial price, so that's what happened in my personal experience, and what a friend of mine who was my real estate agent suggested.) You may want to get a market analysis of lakeshore east and surrounding areas, and since the housing boom has slowed, you might be able to get a pretty good deal. However, every circumstance is different around different parts of the city at different times, so do a lot of homework before, because you also don't want to insult the developer with a low-ball offer. Hope that this can give you some sort of insight, and good luck with the rigorous process.

^Something else to consider is to let the sales agent know that you are currently looking at other properties, that one or more of those other properties are offering you incentives (eg, a free parking space, $20,000 in upgrades, etc.), that you have really narrowed it down to 2 or 3 finalists, and that Aqua is one of them. However, this strategy works better if you have been talking to someone in the sales office for some time. If you just walk in and offer less than they are asking out of the blue, they are more likely to tell you thanks, but no thanks, since you have not established yourself as a credible purchaser (even though you are). However, because they are 80% sold, they have another 2+ years to sell the remaining units, and they already have their construction loan, I am guessing that it will be more difficult to cut a deal than it would have been a year ago. Good luck! P.S. I bought a unit at Waterview Tower and used the strategy discussed above to get a better deal than they were offering.

[Saber925]

^ If you are going in without a real estate agent, at the very least you should get a 3% discount, which is equivalent to the agent's commission.

[ToBuyOrNotToBuy.....]

Appreciate hearing both your ideas on this......we'll see how things look this weekend.......I have been looking at Legacy......have they been known to make concessions.............?????

[SolarWind]

May 23, 2007


^ not much new, but I was in the area

[Tom In Chicago]

I'm really starting to hate this project. . . not for any reason other than the constant noise. . . nothing better to come home to than these titans drilling away until 8pm. . . I guess it's a small price to pay to the skyscraper gods. . . when the foundation is done most of the noisy work goes with it. . .

[trvlr70]

Originally Posted by Tom In Chicago

I'm really starting to hate this project. . . not for any reason other than the constant noise. . . nothing better to come home to than these titans drilling away until 8pm. . . I guess it's a small price to pay to the skyscraper gods. . . when the foundation is done most of the noisy work goes with it. . .

Closet NIMBY?

[otis1]

Originally Posted by Tom In Chicago

I'm really starting to hate this project. . . not for any reason other than the constant noise. . . nothing better to come home to than these titans drilling away until 8pm. . . I guess it's a small price to pay to the skyscraper gods. . . when the foundation is done most of the noisy work goes with it. . .

Dosen't look like they have driven the sheet piling yet.
I think you will find the drill rigs quite tolerable compared to that.

[archytype]

[QUOTE=trvlr70;2857601][QUOTE=AdrianXSands;2856220this whole lse development REALLY gets to me: what's with all the excessive amount of landscaping; the whole development is right across the street from one of the biggest parks in the city, yet there's a MASSIVE park in the middle, and why does aqua need a forest around it?

It is exactly these open spaces that makes so Chicago both unique and livable and why it looks and feels so different from NYC or other great urban centers.[/QUOTE]





The forest being shown is a roof deck for the residents and hotel guests. Below 'the forest' is a 5 levels undergound parking, townhomes, retail, restaurants, condo/hotel/rental lobbies, ballrooms, and resident amenities.

In reality the Aqua podium is your typical mega bustle similar to those in river north, only much prettier.
This is due to parking being stuffed below UL Columbus, contemporary townhomes facing the park 50 feet below, and a contemporary colorful street frontage. On UL Columbus the podium will look have a Crate and Barrel/Room and Board contemporary look which will really liven up the area.

[Tom In Chicago]

^I can't wait. . .

[Chitown]

Holy schneikies! That's the first I've seen of that Aqua podium, somehow. Wow.

[MrLakepoint]

[QUOTE=archytype;2857871]

Originally Posted by trvlr70

The forest being shown is a roof deck for the residents and hotel guests. Below 'the forest' is a 5 levels undergound parking, townhomes, retail, restaurants, condo/hotel/rental lobbies, ballrooms, and resident amenities.

In reality the Aqua podium is your typical mega bustle similar to those in river north, only much prettier.
This is due to parking being stuffed below UL Columbus, contemporary townhomes facing the park 50 feet below, and a contemporary colorful street frontage. On UL Columbus the podium will look have a Crate and Barrel/Room and Board contemporary look which will really liven up the area.

Great renditions...Thank You.....even though I am confused about the upper photo it looks backwards. I think that the swiss hotel might be in the wrong position. Tell me if i am wrong?

[Saber925]

^That's the Blue Cross building.