CHICAGO | Boom rundown - everything over 12 floors. v5 - Page 384

spyguy · #**7661** Posted **Jun 23, 2008, 2:44 PM**

Quote:

Originally Posted by ardecila

^^ Yes, the parking ratio is less than 1:1. According to a 2007 article at NewCitySkyline, there are 213 parking spaces for 250 units, or 0.852:1.

A Tribune article from March says 129 spaces, which is even better.

Alliance · #**7662** Posted **Jun 23, 2008, 3:31 PM**

Quote:

Originally Posted by Chicagoguy

I had seen a proposal on a company's website for riverside condos I believe along the river in the south loop. They were high rises and I believe the tallest proposal was around 800 maybe more? Does anyone know anything about them? Sorry I will try to find the website.

Sounds like Franklin Point by Adrian Smith.

Project is long dead.

Chicagoguy · #**7663** Posted **Jun 23, 2008, 3:41 PM**

Quote:

Originally Posted by Alliance

Sounds like Franklin Point by Adrian Smith.

Project is long dead.

Thats disappointing. It is still on their website. It looked like a really great proposal. Why didnt anything happen with it?

Sir Isaac Newton · #**7664** Posted **Jun 23, 2008, 4:58 PM**

Quote:

Originally Posted by jet cm

Notice signs went up last Friday.

Sorry that I don't know if there's a thread for this one yet.

What's going up at 150 North Riverside? I'm assuming that is north of Randolph? (I think that the Boeing building is south of Randolph?)

Loopy · #**7665** Posted **Jun 23, 2008, 5:02 PM**

Quote:

Originally Posted by Chicagoguy

Thats disappointing. It is still on their website. It looked like a really great proposal. Why didnt anything happen with it?

The developer, Rokas International, went bust. Smith + Gill post the renderings as an example of their work, not necessarily because it is a working project.

The new owner of the property, Russland Capital, has retained S+G for their future work on this site, so perhaps some aspects of the design you are refering to will still go forward minus, of course, the North East corner of the site where the tallest tower is shown. This parcel is now owned by the Cheiftain Group and they have hired Brininstool + Lynch to design a two-tower mixed-use development there.

Still, Smith + Gill and Brininstool +Lynch are a good combo and things still look very promising for this site.

Sir Isaac Newton · #**7666** Posted **Jun 23, 2008, 5:06 PM**

Quote:

Originally Posted by Alliance

Sounds like Franklin Point by Adrian Smith.

Project is long dead.

My understanding was that the project has not died, nor was it really that much further along than the visionary stage for it to even be considered a real proposal/project that could die, as it never really was "born".

I would love to see this project happen, and from everything I've read, there is no reason to believe that there is no hope that this project COULD happen (although it very well may not). If it does happen, my guess is that it would take at least a few years, as the market would need to pick up, plus there are additional hurdles in that I believe two different developers own a chunk of the Franklin Point land.

Chicagoguy · #**7667** Posted **Jun 23, 2008, 5:11 PM**

Quote:

Originally Posted by Sir Isaac Newton

My understanding was that the project has not died, nor was it really that much further along than the visionary stage for it to even be considered a real proposal/project that could die, as it never really was "born".

I would love to see this project happen, and from everything I've read, there is no reason to believe that there is no hope that this project COULD happen (although it very well may not). If it does happen, my guess is that it would take at least a few years, as the market would need to pick up, plus there are additional hurdles in that I believe two different developers own a chunk of the Franklin Point land.

I sure hope something happens to make this still come to life in the future. It seems like such a great idea and I think once the market is back up in a couple years their will be a great need for this!

Jaroslaw · #**7668** Posted **Jun 23, 2008, 6:46 PM**

Back in 2001 I predicted that the top of the Sears would go condo, with LaGrange retro and balconies... I even wrote a mock news release that someone ended up showing to Kamin. Those were the innocent early days of the forum...

Wonderful that projects like 161 W Kinzie are still getting off the ground. The urban living paradigm shift is stronger than the mortgage crisis!

ardecila · #**7669** Posted **Jun 23, 2008, 6:59 PM**

Well, it's a rental property, so Lynd is gambling that there's still some demand. Either that, or they have enough resources and patience to simply build the building now, when construction crews are available/cheap, and then wait it out until demand improves. The location is great, so they shouldn't have too many problems compared to, say, the K Station towers, which are far from shopping and entertainment.

I assume they got a commitment to financing way back before the credit crisis.

kayosthery · #**7670** Posted **Jun 23, 2008, 8:17 PM**

Update on Roosevelt Collection:

Photos by Aerial Images Photography
(847)985-7685
visit the site at http://www.aerialimages-photos.com

pasadenabinks · #**7671** Posted **Jun 24, 2008, 1:57 AM**

Will there be a pedestrian link directly between Target and the Roosevelt Collection? That would be smart if there were.

Tom Servo · #**7672** Posted **Jun 24, 2008, 2:06 AM**

Quote:

Originally Posted by takascar

sick.

Tom Servo · #**7673** Posted **Jun 24, 2008, 2:08 AM**

Quote:

Originally Posted by colemonkee

Does anyone know why they've painted half of the mechanical penthouses on MoMo?

they're not painted, they're being clad. and the building isn't fully complete yet.

SolarWind · #**7674** Posted **Jun 24, 2008, 2:30 AM**

June 23, 2008

VivaLFuego · #**7675** Posted **Jun 24, 2008, 2:37 AM**

Quote:

Originally Posted by pasadenabinks

Will there be a pedestrian link directly between Target and the Roosevelt Collection? That would be smart if there were.

Ideally there would be much better connectivity throughout the neighborhood. 11th st or whatever functions as the driveway for Target, to eventually be flanked by a highrise to the north, could benefit from a pedestrian bridge over the Rock Island into the Roosevelt Collection. Then punch 9th Street through Dearborn Park so there is a viable E-W pedestrian path between Polk and Roosevelt, and you're set.

Back in reality though, I think the answer is no, but there will be access from the north, and Polk does have an underpass under the Rock tracks.

Mr Downtown · #**7676** Posted **Jun 24, 2008, 3:14 AM**

No. I asked for a pedestrian link (especially because we were anticipating that The Curve would have a big retail space), but the developers just rolled their eyes. Setting aside the cost and the difficulty of dealing with Metra, retail centers like to have a public front side and a nonpublic back side, and having some people come in from the back is tricky to design well. You end up with a 200-foot long corridor of drywall and fluorescent lights with security cameras on the ceiling.

ardecila · #**7677** Posted **Jun 24, 2008, 6:28 AM**

The closest thing, in concept, to Roosevelt Collection that I've ever been to is Atlantic Station in Atlanta. There, the developers were unafraid to riddle their complex with many long, boring drywall corridors.

Atlantic Station is in a similar site to Roosevelt Collection, too - on the outskirts of downtown, in a former industrial area, and not very well-served by transit, but with a major arterial road feeding its garages. So I can't imagine the potential for crime is much higher at Roosevelt Collection, with similar access patterns. Centrum is just more fearful. This is where I fault the city - for not requiring a greater degree of access.

Oh well... I suppose a pedestrian bridge can always be retro-fitted into the design at a later date if the city pushes. Hell, put some of those TIF funds to good use. In fact, it seems TIF funds were set aside in 2000 for the Wells Street project.

Viva: I believe CDOT plans to build an underpass of the Rock Island at 9th Street. This is why, if you look at the little segment of 9th that AMLI rebuilt next to AMLI 900, it slopes down below grade a few feet. I sent CDOT an email asking for a confirmation... but they haven't exactly been forthcoming in my previous inquiries with them. Oh well - I may do a FOIA request if they are uncooperative. I'm interested in this.

harryc · #**7678** Posted **Jun 24, 2008, 12:58 PM**

June 21

VivaLFuego · #**7679** Posted **Jun 24, 2008, 2:58 PM**

^ The west facade of Harlem-Ontario looks fine to me, it's those North-South ones that are problematic.

spyguy · #**7680** Posted **Jun 24, 2008, 3:52 PM**

http://sev.prnewswire.com/real-estate/20080624/NYTU04024062008-1.html

Chicago High Rise Moves Ahead With $8.36 Million Kennedy Funding Loan

A spectacular high rise residential condominium -- Catalyst -- will be taking shape in Chicago's West Loop, thanks to an $8.36 million loan from Kennedy Funding, Inc. The Hackensack-based company recently closed that deal with Catalyst 123, LLC's Gary A. Rosenberg, a well-known Chicago developer who founded Urban R2, the site purchaser.

... Urban R2 already has sold a third of the condominiums, which start in the low $200s and go to over $1 million for penthouses. Walgreen's already has committed to lease a street-level space and other retailers have spoken for almost all of the remaining retail space on a pre-lease basis.