CHICAGO | Waterview Tower | 1,047' Official / 1,035' Roof | 89 FLOORS |NEVER BUILT - Page 80

The Pimp · #**1581** Posted **Apr 10, 2008, 12:29 AM**

Quote:

Originally Posted by budman

Hey Pimp, I left you a private message.

Thank you for the message!!!!

kazpmk · #**1582** Posted **Apr 10, 2008, 3:26 AM**

Truly horrible news. This would be such a blunder if this building were to be put on hold.

I still have to be cautiously optimistic.

chi-arch · #**1583** Posted **Apr 10, 2008, 1:33 PM**

Quote:

Originally Posted by killaviews

If you want to take a closer look at Waterview's troubles go to Cook County Recorder of Deeds: http://www.ccrd.info/CCRD/il031/index.jsp

The Property ID (PIN)# is 17-09-419-004-0000

It has 4 liens from:
Thatcher: $207,719
Hill Mech.: No amount listed
Aquaris Fluid: $96,586
Hatchell & Assoc.: $90,020

So they owe at least $394,325

To assume that they owe $394K is erroneous as a lien is really a dispute between the property owner and the contractor over money for services. In a lot of cases these filed liens are inflated to cover attorney's fees in collecting the dough, etc. and sometimes they are settled for .10 on the dollar. The filed liens are indeed the fact, but like anything else there are always more than just one side to the story. Unfortunately, the story that was developed and printed over this issue paints one side and is unfair. This is a $400 million dollar project and in the concept of the total these liens are puny.

cbotnyse · #**1584** Posted **Apr 10, 2008, 1:42 PM**

chi-arch, do you have a condo under contract here? I think you, more than anyone here, should demand some answers about the health of this project. Have you called anyone?

chi-arch · #**1585** Posted **Apr 10, 2008, 2:13 PM**

Yes I do and this is widely known by those who post here regularily. Certainly, I have contacted the developer about this and my faith is intact. I have no worries at all that this will continue upward. We have known for a long time that the financing of this project had not been secured and unfortunately recent news has created yet another stir. It will get done and we are not going to see a 29 story hotel and parking structure on this site, ever.

kazpmk · #**1586** Posted **Apr 10, 2008, 2:31 PM**

^I'm encouraged by the optimism

The Pimp · #**1587** Posted **Apr 10, 2008, 3:16 PM**

Just had a phone call with the developer at the Waterview. All I can say is... not to worry all is fine!!!!!!!! Good news!

honte · #**1588** Posted **Apr 10, 2008, 3:51 PM**

^ Good. Now, sign that contract!

BVictor1 · #**1589** Posted **Apr 10, 2008, 3:56 PM**

04/09/08

chi-arch · #**1590** Posted **Apr 10, 2008, 4:02 PM**

^^Thanks Vic.

This is really what we come here to see, right?

dagobert · #**1591** Posted **Apr 10, 2008, 4:34 PM**

If everything is fine and dandy as far as money is concerned for the moment, why haven't we seen any facade and cladding go up. Its high time that they begin installing the outerskin instead of storing it in some mythical warehouse. Seeing cladding go up would reassure me more than statements of confidence from the developer- actions speak louder than words after all.

harryc · #**1592** Posted **Apr 10, 2008, 5:48 PM**

The dark side ( South )

click to enlarge

Not sure why these were dipped in concrete and then brought down.

chi-arch · #**1593** Posted **Apr 10, 2008, 5:52 PM**

Something tells me that even if they started the cladding(mythical warehouse..

) you would still not be reassured.

The Pimp · #**1594** Posted **Apr 10, 2008, 5:58 PM**

Quote:

Originally Posted by honte

^ Good. Now, sign that contract!

I will!

BVictor1 · #**1595** Posted **Apr 10, 2008, 6:03 PM**

That's alley perspective is going to be bitchin'.

I don't think there are any other supertalls built on an alley, most are on plazas.

chi-arch · #**1596** Posted **Apr 10, 2008, 6:03 PM**

^^^Wooot!! Party Time

dagobert · #**1597** Posted **Apr 10, 2008, 8:08 PM**

Quote:

Originally Posted by chi-arch

Something tells me that even if they started the cladding(mythical warehouse..

) you would still not be reassured.

come on, lets not be such pessimists.

chi-arch · #**1598** Posted **Apr 10, 2008, 8:16 PM**

^^Yeah, what was I thinking!

Onward, Upward and skinned!

jjk1103 · #**1599** Posted **Apr 10, 2008, 8:42 PM**

Quote:

Originally Posted by dagobert

If everything is fine and dandy as far as money is concerned for the moment, why haven't we seen any facade and cladding go up. Its high time that they begin installing the outerskin instead of storing it in some mythical warehouse. Seeing cladding go up would reassure me more than statements of confidence from the developer- actions speak louder than words after all.

....my thoughts exactly !!!!!!!

jjk1103 · #**1600** Posted **Apr 10, 2008, 8:55 PM**

....given the incredible amount of money that went into getting this one out of the ground, stopping now would be a complete financial disaster for Teng.....it's going to be relatively cheap to build this one from here on out !!