Quote:
Originally Posted by jjk1103
...I'm just curious.....has anyone ever tracked what percentage of the buildings on the "proposed" list ever actually get built ? I would assume that most of them eventually do.....but what % ??
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That's a good question, but very difficult to answer. So far this boom cycle (1999-present) has yielded 58 never-built proposals, according to Emporis. If you want to compare that to the number of completed (124) and under-construction (63) high-rise projects, you get a little over 20% failure rate for any given proposal.
But this statistic is flawed in a few ways. For one, it includes buildings which wouldn't have started yet anyway (as of July 2007), and which therefore shouldn't be compared with started projects. More importantly, a large number of these never-builts are buildings which were mentioned once in the newspaper and never received any attention after that. [e.g. Monroe-Aberdeen Condominiums, 835 West Wilson...] A greater percentage of the currently-proposed buildings are probably more substantial proposals. A lot of the never-builts were replaced by successful proposals [e.g. Market Hall Tower and Randolph Court, which were replaced by MoMo]. And many of the never-builts were parts of planned developments and were never actually designed [e.g. various defunct Kinzie Station and River East plots].
So the real picture looks quite good. Here's a list of projects from this boom which I remember making it to the sales/advertising stage which got cancelled:
Museum Place I (twin-tower project in early stage of Museum Park)
Museum Place II
909 West Erie (triangular black building replaced by low-rise Apex)
345 North Wells (office condo near the Merch Mart)
120 North Jefferson (short office building)
Kinzie Station West Tower (twin of Kinzie Station Tower)
The St. Clair (boutique pomo condo bldg on present site of small carpark)
Hilton Suites Hotel (replaced by The Fairbanks)
390 North Canal (similar to Kinzie Park Tower)
Hudson Tower
126 East Chestnut (4th Pres tower)
7 South Dearborn
Contradictory information has circulated about the demise of The Curve and the Park Kingsbury, so Emporis is waiting for more definitive news before changing those to never-built.