CHICAGO | Aqua | 858 FT / 262 M | 87 FLOORS - Page 269

ardecila · #**5361** Posted **Nov 18, 2009, 6:13 AM**

Quote:

Originally Posted by the urban politician

I recently have become a born-again barbecue enthusiast

welcome to Wisconsin... i fear you have gone native, TUP.

denizen467 · #**5362** Posted **Nov 18, 2009, 8:59 AM**

Quote:

Originally Posted by EarlyBuyer

The connection to the Fairmont is not open yet.

So much for getting my hopes up. Do you know whether that will stay closed until a hotel actually opens in Aqua?

Hard to believe that by now, without the boom busting, we could have had pedway through there as well as through Mandarin Oriental all the way to Michigan Avenue...

ChicagoInvestor · #**5363** Posted **Nov 18, 2009, 8:58 PM**

I am also curious has anyone heard anything about this previous post (copied below) . No one has responed.

"I wanted to know if anyone has heard about any issue with this building getting approval by Fannie and Freddie. According to what I have heard, there were some issues that are preventing the vast majority of the units to close. In fact, Only five have closed (according to the MLS) since closings began in Octoober, all of which are portfolio/cash deals.

In addition, I have heard that Aqua is now considered a commercial development, and as such, buyers need to put down 30% vs. the usual 20% down.

Has anyone heard about any of these issues?"

harryc · #**5364** Posted **Nov 18, 2009, 8:58 PM**

xited4aqua · #**5365** Posted **Nov 18, 2009, 10:26 PM**

Quote:

Originally Posted by ChicagoInvestor

I am also curious has anyone heard anything about this previous post (copied below) . No one has responed.

"I wanted to know if anyone has heard about any issue with this building getting approval by Fannie and Freddie. According to what I have heard, there were some issues that are preventing the vast majority of the units to close. In fact, Only five have closed (according to the MLS) since closings began in Octoober, all of which are portfolio/cash deals.

In addition, I have heard that Aqua is now considered a commercial development, and as such, buyers need to put down 30% vs. the usual 20% down.

Has anyone heard about any of these issues?"

This is all true.

josephaskins · #**5366** Posted **Nov 20, 2009, 6:39 PM**

We followed up on some of the things said here this week with some of our sources close to Aqua this morning and confirmed a lot of what has been said regarding Fannie Mae and closings. You can read the post (complete with a hat tip to this thread) at YoChicago: http://yochicago.com/aqua-closings-get-the-yellow-light-following-fannie-mae-snag/12884/

Thanks, everyone.

EarlyBuyer · #**5367** Posted **Nov 22, 2009, 2:00 PM**

Quote:

Originally Posted by denizen467

So much for getting my hopes up. Do you know whether that will stay closed until a hotel actually opens in Aqua?

My guess is the hang up is on the Fairmont side, the Aqua side of that leg of the pedway is done.

wrab · #**5368** Posted **Nov 23, 2009, 3:49 PM**

11/22

wrab · #**5369** Posted **Nov 24, 2009, 6:49 AM**

EarlyBuyer · #**5370** Posted **Nov 24, 2009, 3:10 PM**

Excellent work wrabbit and harry!

EarlyBuyer · #**5371** Posted **Nov 25, 2009, 2:13 AM**

Update released by Magellan 11/24/09:

Aqua has received a certificate of occupancy through floor 67 at this time. In addition, dry wall is being completed on the Penthouse floors 80 & 81. Closing are on-schedule with 30-day closing notices distributed through floor 68.

wrab · #**5372** Posted **Nov 25, 2009, 3:37 AM**

Thank you EB for all your updates.

-----

Looking towards BCBS:

J_M_Tungsten · #**5373** Posted **Nov 25, 2009, 3:44 AM**

well now you're just showing off wrabbit! lol just kidding, great stuff, keep'm coming!

QuarterMileSidewalk · #**5374** Posted **Nov 25, 2009, 5:40 AM**

Whoooaaaaaahhhh...

the one and only · #**5375** Posted **Nov 25, 2009, 6:48 PM**

beautiful work wrabbit

chex · #**5376** Posted **Nov 25, 2009, 6:55 PM**

great shots wrabbit!

steveve · #**5377** Posted **Dec 4, 2009, 1:05 AM**

One of the coolest buildings u/c now!!!

*I never really liked the undersides of the balconies though... Just the plain grey kinda takes away from the blueness of the building...

Looks sweet from a design perspective NO MATTER WHAT

viewguysf · #**5378** Posted **Dec 4, 2009, 4:35 AM**

Quote:

Originally Posted by steveve

*I never really liked the undersides of the balconies though... Just the plain grey kinda takes away from the blueness of the building...

What plain gray? They were painted white--go back and look at pics of this being done and you'll see a real difference.

steveve · #**5379** Posted **Dec 5, 2009, 12:25 AM**

Quote:

Originally Posted by viewguysf

What plain gray? They were painted white--go back and look at pics of this being done and you'll see a real difference.

Oh.... srry for my little mistake...

I still would have preferred a blueish colour for the balcony undersides...

Oh well.... still a magnificent skyscraper

harryc · #**5380** Posted **Dec 9, 2009, 5:35 PM**