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Old Posted Oct 21, 2016, 7:55 PM
intrepidDesign's Avatar
intrepidDesign intrepidDesign is offline
Windy City Dan
 
Join Date: Apr 2008
Location: Chicago
Posts: 509
Quote:
Originally Posted by LouisVanDerWright View Post
The value of the foundation work on this site is probably more than the land value, maybe two or three times it. As much as I think Related Midwest are a bunch of pansies, I also think they are shrewd businessmen and know that 25% of a very large and tall building is already in the mud. They are going to max the far out on this site whether it's via a 1200, 1500 or 2000' building.

Id love to see them grow some balls and make a real statement here, but that's probably too much to ask. Maybe Stephan Ross is getting blue balls not being able to go as tall as he wants in NIMBY York City and will use this site as an outlet for his ego.
If that was the case why didn't they finish going supertall at 111 W Wacker? Not only was the foundation in place, but 1/4 of the building was out of the mud. I hope I'm wrong, but I'm not holding my breath for something earth shattering here.
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