CHICAGO | Boom rundown - everything over 12 floors. v5

[SamInTheLoop]

Originally Posted by SolarWind

I walked past Staybridge Suites and Silver Tower at lunch today. Both are under construction. They were drilling caissons at the southeast corner of the Staybridge Suites site and the east section of Silver Tower's site. Both were active sites with many workers busy. It was nice to see that.

Great news on those 2 solid projects. Glad they're both officially under construction......finally!!

[Chitown]

Originally Posted by jstush04

^ yeah, seriously. I ride the blue line everyday, and it kind of blows how much ridership they have, but how much money they still need. I think they would need something around a billion dollars to fix the blue line, though

It's hard to imagine anything more important to proper urban development than public transportation. If it's good, people will use it and you won't have near as many traffic issues and parking garages. I hope to God they straighten that mess out.

[Big John]

Originally Posted by SolarWind

I walked past Staybridge Suites and Silver Tower at lunch today. Both are under construction. They were drilling caissons at the southeast corner of the Staybridge Suites site and the east section of Silver Tower's site. Both were active sites with many workers busy. It was nice to see that.

I'm also very happy about that both towers are under construction!!!
Especially Silver Tower

Thanks for clearing that up SolarWind !

[Nowhereman1280]

Where did the first page of this thread go? I just wanted to check out silver tower and Staybridge suites to give myself an update on those two projects and its all gone! Where did you put the rundown Steely? WAHHHH!!!

Gosh, I feel so inconvenienced... I might actually have to go look them up on Emporis!

[SolarWind]

Originally Posted by Big John

I'm also very happy about that both towers are under construction!!!
Especially Silver Tower

I'm glad you brought that up yesterday, Big John. Otherwise, I probably won't have stopped by today. I've been visiting the site periodically for over 10 months and there's been relatively little change. Today was the first day I saw it filled with workers.

[BVictor1]

I've changed both projects to under construction on Emporis.

[jjk1103]

...is it just my thread ? ...or did the page 1 "run down" of the buildings disappear ?

[Dr. Taco]

^ no, they did. apparently he is "edit"ing everything

[Steely Dan]

^ sorry guys, the forum was being tempermental last evening, not allowing me to edit the thread. and then it took the entire page 1 list away from me. that's why i keep an off-line back-up. everything is back up and normal now, and silver tower and staybridge suites have both been moved to U/C.

[Sir Isaac Newton]

Originally Posted by SamInTheLoop

Great news on those 2 solid projects. Glad they're both officially under construction......finally!!

Is it possible that Chicago is pretty much maxed out in terms of construction workers, cranes, and/or other equipment/resources, given that there is such an enormous amount of high-rises that are currently U/C? I think I remember posts for both of these project, about a few months ago, that said that they were on the verge of going U/C. Just recently, it seems like a couple buildings have been topped out and have had their cranes come down (1720 Michigan and Printers Corner I can think of off the top of my head) and I think a couple other projects have been completed recently or are at least nearing completion (The Regatta, 30 West Oak, Vision on State, the Columbian). Does anyone think that Silver Tower and Staybridge Suites were waiting in the pipeline, and the recent completion/TO of a few projects has finally allowed construction on these two projects to commence? Or am I way off base?

[Tom Servo]

Will anybody be downtown today? If so, can that person take a picture of the MoMo? I heard they were changing the glass.

[Marvel 33]

Here is the link to the article:

http://www.newcityskyline.com/MondrianChicagotosettleonsiteofCedarHotel.html

Mondrian Chicago to settle on site of Cedar Hotel

Tuesday, June 19, 2007

By Kelly matlock

Chicago, IL, US (NCS) - The historic Cedar Hotel located at the highly desirable intersection of State, Rush and Cedar Streets in the Gold Coast will soon be torn down to make way for Mondrian Chicago, a boutique hotel that will be part of the major hotel chain with existing operations in Los Angeles and Scottsdale, AZ, and properties under development in Las Vegas and Miami.
Morgan Hotel Group and Chicago-based M Development recently announced the joint venture, which calls for the development of an approximately 20-story hotel with 200 rooms.

“Chicago is a key market for us to expand our brand,” said Marc Gordon, chief investment officer of MHG. “Like MHG’s other distinctive Mondrian hotels, Mondrian Chicago will boast the luxury amenities, cutting-edge design and energetic atmosphere that we believe distinguish our properties in the marketplace. We are pleased to partner with M Development, a leading firm with a strong track record in Chicago and the Midwest.”

Amenities will include a restaurant, bar, meeting rooms and an exercise facility, and the hotel will be set back further from the street from adjacent buildings to allow for outdoor food and beverage services. In addition, given the property's prime location, many guest rooms will have views of Lake Michigan.

Constructed in 1924, the Cedar Hotel was designed by architects Rissman and Hirschfeld and is on the National Register of Historic Places. Its architectural style is listed as “baroque, classical” on the city's Web site.

While the new hotel will replace the existing Cedar Hotel, the original brick and terra cotta masonry façade will be restored by the new architect, yet to be decided.

The scheme was approved by the Plan Commission in April even after preservation groups urged city officials to defer any decisions until 42nd ward alderman Brendan Reilly took office at the end of May.

“I'm very much interested in getting rid of that eyesore,” former alderman Burt Natarus said at the Plan Commission meeting, adding that the Cedar Hotel has “questionable activities.”

Natarus said he understood people were worried about parking with the new plan, but his opinion was that the existing Cedar is a source of crime, noise, motorcycles, and “everything else.” He also mentioned that two beer gardens housed in the building are open until 2 a.m. and “don’t help either.”

After the commission voted to pass the proposed plans for the site, Jeffrey Shapack, a principal with M Development, responded, “We are very pleased with the Chicago Plan Commission's approval.”

M Development, founded in 1991, focuses on developing and investing in luxury retail and hospitality in the Gold Coast, Lincoln Park and Bucktown. The company’s holdings include the Esquire Theater on Oak Street, the 3 Arts Club on North Dearborn Parkway and the Lincoln Park Hospital in Lincoln Park. The development company is beginning construction of a new Barneys New York flagship at the corner of Oak and Rush Street.

Morgans Hotel Group Co. is widely credited with establishing and developing the rapidly expanding boutique hotel sector. The company owns and operates Morgans, Royalton and Hudson in New York, Delano and The Shore Club in Miami, Mondrian in Los Angeles, Scottsdale and South Beach, Clift in San Francisco, and Sanderson and St. Martins Lane in London.

In February 2007, MHG and an equity partner acquired the Hard Rock Hotel & Casino in Las Vegas and related assets. The group has other property transactions in various stages of completion including projects in Miami Beach and Las Vegas, and continues to vigorously pursue its strategy of developing unique properties at various price points in international gateway cities in the United States, Europe, South America, Asia and around the world.

Although no groundbreaking or delivery dates for Mondrian Chicago have been set, the hotel is scheduled to open in 2010 and will be operated by MHG under a 20-year management contract with two five-year extension options. The project is subject to various conditions, including obtaining acceptable financing.

[Marvel 33]

Originally Posted by honte

Yes, I am nearly certain it is. Gonzalez was a former employee of SOM.

Here is some related information:

http://www.newcityskyline.com/DeStefanoPartnersacquiresGonzalezPartners.html

[Marcu]

Originally Posted by Sir Isaac Newton

Is it possible that Chicago is pretty much maxed out in terms of construction workers, cranes, and/or other equipment/resources, given that there is such an enormous amount of high-rises that are currently U/C?

I've personally met several people here at downtown bars who were flown in by their companies, in crews that number in the 100s, to do interior carpentry work on several buildings (including 340 otp from what i can remember). So we're not just using Chicago's resources here. The several people I met were I believe from Houston.

[SolarWind]

June 19, 2007

[SolarWind]

June 19, 2007

[SolarWind]

June 19, 2007

[SamInTheLoop]

Originally Posted by Marvel 33

Here is the link to the article:

http://www.newcityskyline.com/MondrianChicagotosettleonsiteofCedarHotel.html

Mondrian Chicago to settle on site of Cedar Hotel

Tuesday, June 19, 2007

By Kelly matlock

Chicago, IL, US (NCS) - The historic Cedar Hotel located at the highly desirable intersection of State, Rush and Cedar Streets in the Gold Coast will soon be torn down to make way for Mondrian Chicago, a boutique hotel that will be part of the major hotel chain with existing operations in Los Angeles and Scottsdale, AZ, and properties under development in Las Vegas and Miami.
Morgan Hotel Group and Chicago-based M Development recently announced the joint venture, which calls for the development of an approximately 20-story hotel with 200 rooms.

“Chicago is a key market for us to expand our brand,” said Marc Gordon, chief investment officer of MHG. “Like MHG’s other distinctive Mondrian hotels, Mondrian Chicago will boast the luxury amenities, cutting-edge design and energetic atmosphere that we believe distinguish our properties in the marketplace. We are pleased to partner with M Development, a leading firm with a strong track record in Chicago and the Midwest.”

Amenities will include a restaurant, bar, meeting rooms and an exercise facility, and the hotel will be set back further from the street from adjacent buildings to allow for outdoor food and beverage services. In addition, given the property's prime location, many guest rooms will have views of Lake Michigan.

Constructed in 1924, the Cedar Hotel was designed by architects Rissman and Hirschfeld and is on the National Register of Historic Places. Its architectural style is listed as “baroque, classical” on the city's Web site.

While the new hotel will replace the existing Cedar Hotel, the original brick and terra cotta masonry façade will be restored by the new architect, yet to be decided.

The scheme was approved by the Plan Commission in April even after preservation groups urged city officials to defer any decisions until 42nd ward alderman Brendan Reilly took office at the end of May.

“I'm very much interested in getting rid of that eyesore,” former alderman Burt Natarus said at the Plan Commission meeting, adding that the Cedar Hotel has “questionable activities.”

Natarus said he understood people were worried about parking with the new plan, but his opinion was that the existing Cedar is a source of crime, noise, motorcycles, and “everything else.” He also mentioned that two beer gardens housed in the building are open until 2 a.m. and “don’t help either.”

After the commission voted to pass the proposed plans for the site, Jeffrey Shapack, a principal with M Development, responded, “We are very pleased with the Chicago Plan Commission's approval.”

M Development, founded in 1991, focuses on developing and investing in luxury retail and hospitality in the Gold Coast, Lincoln Park and Bucktown. The company’s holdings include the Esquire Theater on Oak Street, the 3 Arts Club on North Dearborn Parkway and the Lincoln Park Hospital in Lincoln Park. The development company is beginning construction of a new Barneys New York flagship at the corner of Oak and Rush Street.

Morgans Hotel Group Co. is widely credited with establishing and developing the rapidly expanding boutique hotel sector. The company owns and operates Morgans, Royalton and Hudson in New York, Delano and The Shore Club in Miami, Mondrian in Los Angeles, Scottsdale and South Beach, Clift in San Francisco, and Sanderson and St. Martins Lane in London.

In February 2007, MHG and an equity partner acquired the Hard Rock Hotel & Casino in Las Vegas and related assets. The group has other property transactions in various stages of completion including projects in Miami Beach and Las Vegas, and continues to vigorously pursue its strategy of developing unique properties at various price points in international gateway cities in the United States, Europe, South America, Asia and around the world.

Although no groundbreaking or delivery dates for Mondrian Chicago have been set, the hotel is scheduled to open in 2010 and will be operated by MHG under a 20-year management contract with two five-year extension options. The project is subject to various conditions, including obtaining acceptable financing.

Ok - so I have a question. The article states that the architect for this project hasn't even been decided yet. ...??? Huh?? So you can go before the Plan Commission and get approval for a project and you don't even have to have a design on paper?!?! Not a rendering, site plan or elevation produced to show the Commission or DPD?!?! Is this correct?? Come to think of it, I don't recall seeing anyone post renderings after the Plan Commission meeting...

[BorisMolotov]

For 155 N Wacker, are they using the same foundation as the previous building?

[Nowhereman1280]

Originally Posted by BorisMolotov

For 155 N Wacker, are they using the same foundation as the previous building?

Definitely not, it would be easily crushed by the weight of a building the size of 155...