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  #1221  
Old Posted Mar 21, 2019, 7:27 PM
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r18tdi r18tdi is online now
 
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Quote:
Originally Posted by lakeshoredrive View Post
i wish we could take 74 feet from the the 574 feet tower and use that to increase the 969 feet tower to 1,043 feet tower so we can get another 1000 feet skyscraper lol
Comments like these are starting to get really tedious.
     
     
  #1222  
Old Posted Mar 21, 2019, 7:31 PM
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March 19

Arborcidal maniacs


De-Fence
     
     
  #1223  
Old Posted Mar 21, 2019, 7:46 PM
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Can we get OCS render on the main page now plz?
     
     
  #1224  
Old Posted Mar 21, 2019, 8:21 PM
Blahshead Blahshead is offline
 
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Here's the financing info broke down by lender:

1. Bank OZK - $475m
2. Square Mile Capital - $260m
3. Wanxiang - Not specified in this article (but guessing less than $115)
4. JDL is likely financing some of the project with their own equity (unspecified)

Total financing - $850m

https://therealdeal.com/chicago/2019/03/...roject-jdl-drew-from-a-range-of-backers/
     
     
  #1225  
Old Posted Mar 21, 2019, 8:28 PM
the urban politician the urban politician is online now
 
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Quote:
Originally Posted by Blahshead View Post
Here's the financing info broke down by lender:

1. Bank OZK - $475m
2. Square Mile Capital - $260m
3. Wanxiang - Not specified in this article (but guessing less than $115)
4. JDL is likely financing some of the project with their own equity (unspecified)

Total financing - $850m

https://therealdeal.com/chicago/2019/03/...roject-jdl-drew-from-a-range-of-backers/
Likely when completed this complex will easily be worth north of $1 billion.

Of course, that's including the 10 story podium with office and retail, parking, and of course 2 towers. I'm pretty sure that upon exit, the developers will split these up into separate PINs and separate sales, which will naturally generate them even more $$$$
     
     
  #1226  
Old Posted Mar 21, 2019, 9:25 PM
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BVictor1 BVictor1 is online now
 
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03/20/19

I happen to run into Alderman Hopkins while taking images. He was at the cleaners as I passed by and actually had a rendering of the project with him, showing the owner of the cleaners.

The southern wall won't be blank.













P.S. - don't think Lincoln Yards can't be amended in the future to re-increase height.
     
     
  #1227  
Old Posted Mar 21, 2019, 9:28 PM
Blahshead Blahshead is offline
 
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Quote:
Originally Posted by the urban politician View Post
Likely when completed this complex will easily be worth north of $1 billion.

Of course, that's including the 10 story podium with office and retail, parking, and of course 2 towers. I'm pretty sure that upon exit, the developers will split these up into separate PINs and separate sales, which will naturally generate them even more $$$$
Very cool. I wish we had access to the loan agreements to see what sort of covenants there are, timetables, etc.
     
     
  #1228  
Old Posted Mar 21, 2019, 11:12 PM
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Do any informed formers here have an accurate number for square footage of the towers and podium/mixed use? Thanking you in advance :-)
     
     
  #1229  
Old Posted Mar 21, 2019, 11:33 PM
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Soon...

     
     
  #1230  
Old Posted Mar 22, 2019, 12:35 AM
BuildThemTaller BuildThemTaller is offline
 
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^

Every time someone complains about how there are too many blue boxes being built, I want them to look at this picture. It will take 20 more years of blue boxes to make a dent.
     
     
  #1231  
Old Posted Mar 22, 2019, 2:36 AM
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OCS might replace the Trump Tower as my favorite building in this city. So looking forward to seeing the final product and if it stands up to the renders.
     
     
  #1232  
Old Posted Mar 22, 2019, 12:26 PM
Goose Island Guru Goose Island Guru is offline
 
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Quote:
Originally Posted by Steely Dan View Post
except that according to news reports, the $850M construction loan for the whole enchilada has already closed.

if that's in fact true, then the construction of this project will be well insulated from the whims of the economy.

these guys are pros. this isn't another Kelleher or Teng "start digging and hope you find money" fiasco in the making.
The project is being built all at once. No splits. No phases. No stopping.
     
     
  #1233  
Old Posted Mar 22, 2019, 2:27 PM
IrishIllini IrishIllini is offline
 
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Quote:
Originally Posted by BuildThemTaller View Post
^

Every time someone complains about how there are too many blue boxes being built, I want them to look at this picture. It will take 20 more years of blue boxes to make a dent.
Agreed. This is a "blue box" I'm happy to see.
     
     
  #1234  
Old Posted Mar 22, 2019, 2:41 PM
Skyguy_7 Skyguy_7 is offline
 
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Quote:
Originally Posted by HomrQT View Post
OCS might replace the Trump Tower as my favorite building in this city. So looking forward to seeing the final product and if it stands up to the renders.
If you're talking about favorite *new* building, I concur. I have an extreme soft spot for Art Deco (Carbide and Carbon & CBOT are my favorite in the city) and this is as close as it gets in the 21st century.
     
     
  #1235  
Old Posted Mar 22, 2019, 3:59 PM
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Steely Dan Steely Dan is offline
 
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Quote:
Originally Posted by Goose Island Guru View Post
The project is being built all at once. No splits. No phases. No stopping.
thanks. good to know.

the phasing issue was brought up because of this line from the curbed article:

Quote:
Construction on One Chicago Square is expected to take up to 42 months and will be completed in three phases, according to Hopkins.
according to that, alderman hopkins seems to think it'll be phased, but i'm guessing something was just lost in translation here.
     
     
  #1236  
Old Posted Mar 22, 2019, 4:17 PM
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Quote:
Originally Posted by Skyguy_7 View Post
If you're talking about favorite *new* building, I concur. I have an extreme soft spot for Art Deco (Carbide and Carbon & CBOT are my favorite in the city) and this is as close as it gets in the 21st century.
I could think of a few better ones. Maybe for Chicago its the closest, but it still leans heavily towards the ultramodern.

You should check out this project if you want to see real art deco in the 21st century: http://forum.skyscraperpage.com/showthread.php?t=226158
     
     
  #1237  
Old Posted Mar 22, 2019, 5:27 PM
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Phasing comment is odd. Perhaps Hopkins meant "phases" like demo, foundation, superstructure, etc?
     
     
  #1238  
Old Posted Mar 22, 2019, 7:15 PM
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BVictor1 BVictor1 is online now
 
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Quote:
Originally Posted by Steely Dan View Post
thanks. good to know.

the phasing issue was brought up because of this line from the curbed article:



according to that, alderman hopkins seems to think it'll be phased, but i'm guessing something was just lost in translation here.
Maybe there was confusion because of base, tower, tower... Three parts.

Who cares though as financing has been had.
     
     
  #1239  
Old Posted Mar 22, 2019, 8:09 PM
bhawk66 bhawk66 is offline
 
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Quote:
Originally Posted by BuildThemTaller View Post
^

Every time someone complains about how there are too many blue boxes being built, I want them to look at this picture. It will take 20 more years of blue boxes to make a dent.
Luckily in twenty years the blue box phenom will be hopefully behind us. Thank god.
     
     
  #1240  
Old Posted Mar 22, 2019, 8:51 PM
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HomrQT HomrQT is offline
 
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Quote:
Originally Posted by Skyguy_7 View Post
If you're talking about favorite *new* building, I concur. I have an extreme soft spot for Art Deco (Carbide and Carbon & CBOT are my favorite in the city) and this is as close as it gets in the 21st century.
     
     
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