CHICAGO | Highrise Projects & Construction

[munchymunch]

Great News

I really hope Stern did I good job on this one, even if it's 750~ft it will still have a pretty big impact on the neighborhood. I wouldn't be surprised if it went over 800 ft, his tower at 220 central park has condo's and apartments too (I think), and that reaches 950 ft with 65 floors.

[rlw777]

Originally Posted by LouisVanDerWright

^^^ Shit, that's gonna have some height on it, pushing 700'. Maybe a bit over that if RAMS goes for something with a taper or crown (which he probably won't). It will probably have classic Related 8' floor to floor's though and only be like 600' instead. I doubt it will get into the 800' range unless they are going ultra high end condo. I hope you are right though, Streeterville needs at least one tower in the 800' range as it currently plateaus at about 700'.

I tend to agree with you here I think it will be around 700'. Though there is extra incentive for height here because the value of the unit's go up once they get above the height of 500 N. Lake Shore Dr. My guess is that related has all of the 100 condos above that height.

[UPChicago]

Originally Posted by munchymunch

Great News

I really hope Stern did I good job on this one, even if it's 750~ft it will still have a pretty big impact on the neighborhood. I wouldn't be surprised if it went over 800 ft, his tower at 220 central park has condo's and apartments too (I think), and that reaches 950 ft with 65 floors.

If it turns out to be anything like that I will be extremely happy. It will make up for losing Waterview, which was a lovely tower, imo.

[wierdaaron]

Someone here has been talking about a Stern building near LSD for a while now. Who was that?

Is there a source for the 7/28 meeting?

[J_M_Tungsten]

Whatever happened to the rumor of a large building being cantilevered over a landmark?

[wierdaaron]

^ I think that was LVDW and, if you think about it, the TRUMP letters are kind of cantilevered over the Chicago river so case closed.

[J_M_Tungsten]

Haha at 25 feet in height per letter, that would qualify!

[LouisVanDerWright]

Originally Posted by guesswho

These are going to be very high end condos (some) with direct lake views over 500 N LSD (although I'd rather have a completely unobstructed view, rather than one over a ~50 story tower), complete with a separate entrance from the apartment component. So I'd expect higher ceilings, although we'll know the exact height soon enough.

No condos are projected to be completed anywhere in the downtown right now with lake views in a high rise (the S. Wabash project is only 15 floors?), and Related knows that, so when delivery comes in about 2 years+, they will have a monopoly on the luxury high rise lake view condo supply. I'd expect these 100 units to sell rather fast, bar any major economic disturbances over the next 2 years.

This is a rare breed of residential building that we haven't seen since Aqua, the elusive 60-70+ floor building, seems like everything over the past four years has been the 30-60 floor range.

Ah, I didn't even see the condo/apartment breakdown. I still just have a hard time seeing this building go much higher than 700'. Maybe I am just being a pessimist because, trust me, I hope I am wrong. I would to see a NYC style ultra luxury condo needle here, but I still think Related just looks at Chicago as a farmtown market where the yokels will settle for 7' 8" ceiling heights. They were so wildly progressive at their entry into the market and have regressed logarithmically since. I don't understand who made the decision to abandon the massive success their business model at 340 OTP saw for the 111 W Wacker / 500 N LSD model. Hopefully bucking up for RAMS is a sign that I am wrong and they'll pop out a 800' tower with soaring lake views, but I can't see those cheapasses doing that.

Originally Posted by J_M_Tungsten

Whatever happened to the rumor of a large building being cantilevered over a landmark?

It's on hold for now as the developer is working on another, more exciting IMO, redevelopment of a landmark. Well he is actually working on two extremely important landmarks in Chicago right now, but we all already know about one of them.

[BVictor1]

Originally Posted by wierdaaron

Someone here has been talking about a Stern building near LSD for a while now. Who was that?

Is there a source for the 7/28 meeting?

The source was a letter from the alderman's office.

[SamInTheLoop]

On the design, if we all expect the absolute worst - ie standard Stern PoMo POS Schlock, there's a decent chance we might be pleasantly surprised with the first renderings - it's an expectations game, so let's get ours where they belong at this point - in the sub-basement.....


On the reported 67 stories - let's not forget that Reilly hasn't had a chance to publicaly lash out at the inappropriateness of the density and height for the location and single-handedly whack 5, 10, or even 15 stories and up to a couple hundred feet off this proposal, so we need to brace for that. Unless, Related and Reilly have agreed to tell a story in which they originally went to him with an 80+ story building and he immediately had them reduce it, etc.....finally, the old parkview east proposal (approved PD) was much smaller - with Reilly so fond of talking about what had been approved earlier was much denser/taller than what is now proposed for various parcels, that also doesn't bode particularly well for something this large......what could change this? SOAR will need to come out very strongly in favor of a project of this size - they'll need to be very vocal in their support of the type of height/density as proposed (which we all know of course is entirely appropriate), but which all of Reilly's rotten instincts will tell him the politically advantageous move for him will be to proclaim it too dense, too tall, etc.....

[LouisVanDerWright]

Don't worry, Related knows what they are doing and probably already greased him up good.

[chris11]

Originally Posted by J_M_Tungsten

Whatever happened to the rumor of a large building being cantilevered over a landmark?

I don't recall this, were any landmarks rumored?

[guesswho]

Originally Posted by LouisVanDerWright

Don't worry, Related knows what they are doing and probably already greased him up good.

Yes, Related (as you mention - they know what they are doing) and Reilly are buddies......remember the "green wall" that Reilly mandated 500 N LSD install.....two years later where is it? They "planted" once and it was cold and then gave up. It was supposed to look like a modern day Hanging Gardens of Babylon....not so much in reality. If Reilly and Related weren't buddies, he would have been on their ass about it, but guess what, not a peep has come from him. Also no height/unit decreases for any of Related projects in Reilly's ward - other smaller developers (even Buck apparently?), not so lucky.

Reilly also knows that he is a little squirt compared to Related and their NYC Stephen Ross $$$ treasury (and Related will likely gain control of the Spire site, which I'm sure Reilly realizes as well).

[guesswho]

Originally Posted by J_M_Tungsten

Whatever happened to the rumor of a large building being cantilevered over a landmark?

My guess is Union Station.

[r18tdi]

Originally Posted by guesswho

Related will likely gain control of the Spire site, which I'm sure Reilly realizes as well.

I can see see the email already...

Attention Royal Subjects:

I have concluded that the proposed 2000 foot tall unicorn horn comprised mainly of condominiums is simply far too ambitious for this location already surrounded by failing intersections, high-density buildings, and several cranky neighbors. I did not reach this conclusion quickly. In fact, my staff met with the development team on several occasions while I was getting drunk alone in my office to explore potential changes or other development options to help make the proposal a better fit for this location, blah blah blah. Unfortunately, at the end of that exhaustive process, it became clear that this ambitious proposal simply could not proceed. I am proud of my ongoing success transforming dozens of large-scale development proposals into more shitty, contextualized projects.

*hiccup*

Brendan

[the urban politician]

LVDW is clearly talking about Sterling Bay and the Post Office

[Notyrview]

Bravo on the email parody. Reilly is such a pissánt.

[ChiTownWonder]

Well the developers have until October 31st to get the money to pay related, so lets see what happens. by the way where is this money coming from? they arnt selling condos in the building right? so they must be getting it some other way, but how?

[chris08876]

Just a reminder if anybody wants to get involved:

http://devmap.io/cities/chicago/developments

Development Map; Chicago is currently empty but cities like Houston, Atlanta, and Miami have several projects listed.

[BraveNewWorld]

Originally Posted by munchymunch

Great News

I really hope Stern did I good job on this one, even if it's 750~ft it will still have a pretty big impact on the neighborhood. I wouldn't be surprised if it went over 800 ft, his tower at 220 central park has condo's and apartments too (I think), and that reaches 950 ft with 65 floors.

I'm hoping for it to be 800-900. This is Related though, right ?

If they did it exactly like Waterview, it would be 715ft, or 217 meters, that's not bad. But this is condos, so maybe a minimum of 750ft is a good guess, a max of 850 ? It would be easier to narrow down if I knew the size of the site. If it's small, it could be upwards of 900 I'd say.