CHICAGO | Waterview Tower | 1,047' Official / 1,035' Roof | 89 FLOORS |NEVER BUILT - Page 120

Marcu · #**2381** Posted **Oct 16, 2008, 1:14 AM**

Some guy in a flannel shirt and hard hat was walking around the site today.

photoLith · #**2382** Posted **Oct 16, 2008, 2:12 AM**

I think they should leave it as it is. Its such a beautiful structure, jk. This will get finished someday right?

Mehow · #**2383** Posted **Oct 16, 2008, 9:06 AM**

Quote:

Originally Posted by Marcu

Some guy in a flannel shirt and hard hat was walking around the site today.

Sorry Marcu, this was concrete sub removing the remainder of the reshores on the upper floors. They are bringing them to a site that pays their bills.

surfchicago · #**2384** Posted **Oct 16, 2008, 10:27 PM**

Quote:

Originally Posted by Marcu

Some guy in a flannel shirt and hard hat was walking around the site today.

He was just changing some lightbulbs

Jaroslaw · #**2385** Posted **Oct 17, 2008, 4:36 AM**

Quote:

Originally Posted by surfchicago

He was just changing some lightbulbs

I love this site sometimes. Collectively, we're going for some kind of omniscience.

Not a sparrow can sit on the crane at this site without us knowing.

X-fib2 · #**2386** Posted **Oct 17, 2008, 7:34 PM**

Quote:

Originally Posted by Jaroslaw

I love this site sometimes. Collectively, we're going for some kind of omniscience.

Not a sparrow can sit on the crane at this site without us knowing.

The most watched non-construction on the planet!

Zerton · #**2387** Posted **Oct 18, 2008, 11:24 PM**

Are there not fines for leaving a tower like this?

BVictor1 · #**2388** Posted **Oct 18, 2008, 11:38 PM**

Quote:

Originally Posted by Zerton

Are there not fines for leaving a tower like this?

A fine for running out of money?

Doesn't seem like that would be the best way to go.

JMO_0121 · #**2389** Posted **Oct 19, 2008, 12:52 AM**

can we close this and the Spire's thread until we get some news?

Austin55 · #**2390** Posted **Oct 19, 2008, 5:40 AM**

Quote:

Originally Posted by X-fib2

The most watched non-construction on the planet!

oh the irony.

On regards to the fine-I would agree something should be done about,someone needs to finish it.

The Pimp · #**2391** Posted **Oct 19, 2008, 6:34 PM**

I wonder how ong the city will allow this project to stay unfinished. I would suspect that it will be torn down if nothing happens. Mayor Daley won't allow this thing to stay unfinished forever.

nomarandlee · #**2392** Posted **Oct 19, 2008, 7:59 PM**

Why would it be torn down at taxpayers expense? I would rather have this then some ugly parking lot of parking structure (all though it resembles one right now). As long as it is not detrimental to the structure itself which I don't know why it would be wait until the market rebounds and someone will complete the structure. It will happen eventually, perhaps a long eventually.

Chase Unperson · #**2393** Posted **Oct 25, 2008, 4:28 AM**

Why can't the city just loan them the money? It would seem to be in the city's best interest to have 1000 more people living downtown.

Seppuko_Panda · #**2394** Posted **Oct 25, 2008, 5:03 AM**

Assuming the financial situation changes and Chicago secures the Olympics, that very well may happen.

intrepidDesign · #**2395** Posted **Oct 25, 2008, 8:00 AM**

Cities dont usually get involved in private financing. So them paying for this building is a long shot, Olympics or not. Sure any city would want to have as many people living in it as possible, but just becasue the building is there, doesn't mean that there are people to fill it. There are plenty of other developments that have empty units. Chicago has a surplus of condos right now.

Jaroslaw · #**2396** Posted **Oct 25, 2008, 9:14 AM**

-Not to mention the screaming that will ensue when the city gives an appearance of subsidizing the rich like this. Although there is hope: turn this into a government building. How about a new branch of the Fed prison? Then they could use the dead sw corner space for solitary confinement cells. (The WT has been joking with me for so long, time to have a joke in return.)

Chicago_Forever · #**2397** Posted **Oct 25, 2008, 4:38 PM**

Quote:

Originally Posted by intrepidDesign

Cities dont usually get involved in private financing. So them paying for this building is a long shot, Olympics or not. Sure any city would want to have as many people living in it as possible, but just becasue the building is there, doesn't mean that there are people to fill it. There are plenty of other developments that have empty units. Chicago has a surplus of condos right now.

I'm pretty sure if the market was doing well this building wouldn't have any problems getting built. I think the fact that Teng couldn't get a loan for this building says alot about them. Here you have a gorgeous design that speaks for itself, that is almost 70% percent sold, in a faily good location that's only gonna get better in the next few years and they can't capitalize on those factors. Also, buildings that are built sell faster than those that aren't so I'm sure if this thing is built a year or two from now right when the market is starting to recover this building would do very well. In other words, this is the perfect time for this building to be going up, only if Teng was competent enough to have had a loan in place. This building still makes a lot of sense to me and if I were a bank (who wasn't hurting) or a billionaire, I'd throw money at this building in a second.

Tom In Chicago · #**2398** Posted **Oct 25, 2008, 5:40 PM**

Quote:

Originally Posted by Chicago_Forever

I think the fact that Teng couldn't get a loan for this building says alot about them.

It sure does. . . it says they should stick to doing what they does best. . . engineering. . . not real estate development. . .

. . .

harryc · #**2399** Posted **Oct 26, 2008, 5:05 PM**

Mehow · #**2400** Posted **Oct 27, 2008, 12:26 AM**

Last Wednesday, WBBM news radio 780 (Chicago) mentioned on the air that Teng was going to forfiet the property and Waterview Tower may be torn down. Who would come up with millions to do this?