CHICAGO | Boom rundown - everything over 12 floors. v5 - Page 136

Chitown · #**2701** Posted **Aug 9, 2007, 7:27 PM**

Haha, I thought I was alone in loving 600 N. Fairbanks. Every time I see an update for that one, I think "man, that's a great looking building." It's because love the curved corners, I suppose.

Dan in Chicago · #**2702** Posted **Aug 9, 2007, 8:32 PM**

Quote:

Originally Posted by Sir Isaac Newton

However, I do think that there are still some buildings on the "proposed" list that aren't too far off from from being U/C. I would guess that a decent amount (but certainly not all) of these buildings will go U/C by the end of 2007:

Sono I (from what I've read, it may be U/C any day now, if it is not already U/C)
Ritz Carlton
680 North Rush
215 West Washington
200 West Lake
Park 1000
Glashaus
Catalyst
Walton on the Park towers
1349 South Wabash
565 Quincy (the salesperson said that demo on the existing building has already begun)
The Avalon (the salesperson said that they have already begun gutting the lofts portion of the development)
Any other proposed buildings far along in the process that I am not aware of??

Here are a few:

Mandarin (sales center predicts a late Aug/early Sep start)
155 North Wacker
Lincoln Park 2520
Museum Park Place 2
The St. Clair
Eco18

...and I know very little about the status of various North Side projects, like H3177 and 541 W. Cornelia.

Dan in Chicago · #**2703** Posted **Aug 9, 2007, 8:44 PM**

Quote:

Originally Posted by aaron38

That's one hell of a schedule. They've got about 4 months to do caisons and foundation work, one year for 53 floors, and 3 months for interiors/finishing work.

Is that as fast as they built Streeter I? I wasn't paying attention in '05. But, um, they'd better get crackin'...

There's no way. The Streeter took from January 2005 to February 2007, without any noticeable delays.

bnk · #**2704** Posted **Aug 9, 2007, 9:14 PM**

Quote:

Originally Posted by Chitown

Haha, I thought I was alone in loving 600 N. Fairbanks. Every time I see an update for that one, I think "man, that's a great looking building." It's because love the curved corners, I suppose.

Also the way it "grows" over an existing building is ingenious and novel. I wonder if they had to buy air rights over the existing property.

honte · #**2705** Posted **Aug 9, 2007, 9:18 PM**

^ No, the developer owns that building - which they intend to preserve. Otherwise, yes, they would have had to purchase the air rights.

nomarandlee · #**2706** Posted **Aug 9, 2007, 9:26 PM**

Quote:

Originally Posted by Sir Isaac Newton

However, I do think that there are still some buildings on the "proposed" list that aren't too far off from from being U/C. I would guess that a decent amount (but certainly not all) of these buildings will go U/C by the end of 2007:

Sono I (from what I've read, it may be U/C any day now, if it is not already U/C)
Ritz Carlton
680 North Rush
215 West Washington
200 West Lake.......

Nice list, but why do you think that 680 Rush site prep/UC may be imminent?

VivaLFuego · #**2707** Posted **Aug 9, 2007, 9:50 PM**

Has anyone been up to the 2520 Lakeview site lately? Last time I was there, internal demo had obviously commenced on the hospital, but I'm not sure how far they've gotten with that. It's a pretty bulky building coming down.

bart3 · #**2708** Posted **Aug 9, 2007, 10:36 PM**

I have a bunch of new photos that I took walking around today if anyone wants to take a look at my flickr page...didn't want to kill everyone with the download here.

http://flickr.com/photos/52836576@N00/sets/72157601329169576/

i_am_hydrogen · #**2709** Posted **Aug 9, 2007, 10:46 PM**

Quote:

Originally Posted by VivaLFuego

Has anyone been up to the 2520 Lakeview site lately? Last time I was there, internal demo had obviously commenced on the hospital, but I'm not sure how far they've gotten with that. It's a pretty bulky building coming down.

I live a few blocks from it. The older part of the hospital is mostly gone, but the "modern" portion is still intact externally, though I'm sure plenty of demo has occurred within. I'll take some shots this weekend.

Alliance · #**2710** Posted **Aug 10, 2007, 12:37 AM**

Quote:

Originally Posted by Chitown

Haha, I thought I was alone in loving 600 N. Fairbanks. Every time I see an update for that one, I think "man, that's a great looking building." It's because love the curved corners, I suppose.

curved corners

Lots of people love it. A lot.

Quote:

Originally Posted by bart3

I have a bunch of new photos that I took walking around today if anyone wants to take a look at my flickr page...didn't want to kill everyone with the download here.

http://flickr.com/photos/52836576@N00/sets/72157601329169576/

Nice Spertus pic

Sir Isaac Newton · #**2711** Posted **Aug 10, 2007, 12:38 AM**

Quote:

Originally Posted by nomarandlee

Nice list, but why do you think that 680 Rush site prep/UC may be imminent?

I don't think that it is imminent....but it could potentially happen within the next 5 months. I remember reading on the 680 Rush thread page that they sold 10% of the units in the first 2 weeks, and they have been marketing this development fairly aggressively. Maybe this building doesn't go U/C until next summer (and there is a chance that it might not even go U/C at all) but you gotta figure that there is at least a halfway decent chance that it could go U/C by this winter, since it already has a decent amount of units under contract.

ginsan2 · #**2712** Posted **Aug 10, 2007, 2:35 AM**

I was amazed by the "Suburban Boom Rundown" which I hadn't seen there at the bottom until recently.

What kind of Suburban Boom are we talking about? As in, going into actual suburb sprawlers, tearing up earth, and planting some highrises? Or is this just developing amongst the city blocks that already have apartments within close proximity to Chicago proper?

museumparktom · #**2713** Posted **Aug 10, 2007, 2:37 AM**

Quote:

Originally Posted by bart3

I have a bunch of new photos that I took walking around today if anyone wants to take a look at my flickr page...didn't want to kill everyone with the download here.

http://flickr.com/photos/52836576@N00/sets/72157601329169576/

Nice shots Bart3. Man you were all over the place. Thanks for the updates.

pilsenarch · #**2714** Posted **Aug 10, 2007, 4:50 AM**

Quote:

Originally Posted by Sir Isaac Newton

I agree with you in that new buildings will go U/C at a slower pace, in the near future. I'm sure that 2008 will have a decent amount less construction starts than in 2007 (although the number of construction starts in 2007 is extremely high, even after just 7 months!).

However, I do think that there are still some buildings on the "proposed" list that aren't too far off from from being U/C. I would guess that a decent amount (but certainly not all) of these buildings will go U/C by the end of 2007:

Sono I (from what I've read, it may be U/C any day now, if it is not already U/C)
Ritz Carlton
680 North Rush
215 West Washington
200 West Lake
Park 1000
Glashaus
Catalyst
Walton on the Park towers
1349 South Wabash
565 Quincy (the salesperson said that demo on the existing building has already begun)
The Avalon (the salesperson said that they have already begun gutting the lofts portion of the development)
Any other proposed buildings far along in the process that I am not aware of??

Also, X/O WOULD have been on this list if it weren't for Fioretti. And 200 North Riverside - while it may not start construction for awhile - looks like it should be a definite go.

Pretty much, I while I agree there will be a slow-down in new buildings going U/C, I don't think it will be an all-out "gap" either.

Glashaus has started demolition and X/O will be built....

denizen467 · #**2715** Posted **Aug 10, 2007, 5:54 AM**

Quote:

Originally Posted by Dan in Chicago

There's no way. The Streeter took from January 2005 to February 2007, without any noticeable delays.

However, move-ins at The Streeter started around August/September 2006. Move-in timing may be what they were referring to when they said completion in 2009 Q1, rather than referring to the conclusion of construction work -- for many purposes, move-ins are the relevant stage at which the building can be considered finished, because that's when the revenue finally starts to come in. (I also doubt that by 'completion' they meant full lease-up, because the timeframe for that is beyond their control. In The Streeter's case it took an extra year to fully lease-up.)

I should add that The Streeter's initial move-ins were limited to the bottom half of the building, while they were still completing the structure of the top half of the building (much like Trump will see the hotel begin operating this winter while it's nowhere near being topped out). That's how a half-year or longer gap can occur between loosely-defined economic completion and actual construction completion.

SkokieSwift · #**2716** Posted **Aug 10, 2007, 7:02 AM**

Quote:

Originally Posted by Rocket1

I assume "sick" = one great looking building?

Yup. One sick looking building.

Alliance · #**2717** Posted **Aug 10, 2007, 12:34 PM**

Quote:

Originally Posted by ginsan2

What kind of Suburban Boom are we talking about? As in, going into actual suburb sprawlers, tearing up earth, and planting some highrises?

No...real suburban scrapers.

Tom In Chicago · #**2718** Posted **Aug 10, 2007, 2:06 PM**

Shouldn't SoNo begin construction by Q3 '07?

Knightwing · #**2719** Posted **Aug 10, 2007, 2:33 PM**

Anyone heard from Steely?

the urban politician · #**2720** Posted **Aug 10, 2007, 2:35 PM**

Quote:

Originally Posted by bart3

I have a bunch of new photos that I took walking around today if anyone wants to take a look at my flickr page...didn't want to kill everyone with the download here.

http://flickr.com/photos/52836576@N00/sets/72157601329169576/

^ Excellent update. Much obliged..