Quote:
Originally Posted by Busy Bee
that 2000 foot Russian pied a terre filled grotesque unicorn horn
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Who do you think will live in Tribune East, if they build it? We have the same condo buyer pool that we did in 2006. If anything, I would expect to see more overseas Chinese buyers than Russians, but I don't think we've seen a lot of those either.
I don't think either building would fill with foreign oligarch buyers, because nobody overseas thinks Chicago real estate is a slam-dunk investment. Developers have tried to court this type of buyer with little success (it didn't work at St Regis IIRC). Instead of those top-dollar buyers, this type of tower ends up getting medium-dollar buyers -
Americans looking for a pied-a-terre with their suburban/country house in St Charles or Saugatuck or w/e.
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