Quote:
Originally Posted by ithakas
5. Randolph/Michigan NE (Conti site – skinny apartment tower announced a couple years back but no movement)
6. State/Washington SE (former Gap/Old Navy)
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I wonder if the wall of windows on the Stevens Building to the south is complicating development on the Old Navy site? If Stevens Building owns air rights over Old Navy, it would make any potential tower skinnier, more expensive and less feasible.
Boutique hotel is probably the best play there, but it's not gonna be the uber-hip brands that are going to Fulton Market or River North, there's just no nightlife in the Loop. Second best option would be efficiency apartments above retail, but I don't know if the apartments would be cost-effective.