Quote:
Originally Posted by pilsenarch
I would think that the proposal would most likely be a mid-rise at best, particularly considering that Roeder mentioned a landscaped roof as a possible amenity...
A hotel at that site IMO would actually help spur further development on the empty lots to the south....
I think, ideally, it would be best to have both the lots to the south developed and a hotel replacing the somewhat awkward plaza...
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I think I remember reading recently that someone (perhaps Carley?) was thinking about developing the plaza directly to the north of 311 South Wacker....and I think I've heard that there are ideas to develop the parking lot directly south of 311 South Wacker.
I do think that a thin, 600-800 foot hotel could work next to Sears. 311 South Wacker is quite tall and close to Sears, yet it still compliments Sears pretty well.
I think that part of the reason Sears' vacancy rates haven't been that great is because it is practically at the edge of the loop. One block south of Sears is Van Buren, and once you go south of Van Buren, in that area, there is currently NOTHING. Just empty lots, the river, the expressway, ramps to the expressway, and the empty old Post Office. Even Wacker, which is such a well-known street, ends with a wimper once it crosses Van Buren.
I think that once 255 West Van Buren is completed, and then other possible projects go up in the Southwest corner of the Loop such as the possible hotel next to Sears, the two lots next to 311 South Wacker, Wacker Plaza, the Post Office project, and Franklin Point, Sears will become a much more desirable building for companies to set up shop at.