CHICAGO | Waterview Tower | 1,047' Official / 1,035' Roof | 89 FLOORS |NEVER BUILT

[chi-arch]

...........

[Mehow]

Originally Posted by chi-arch

This project is as good an example of any that deserves a "construction loan" from a US bank right now. It will put people immediately back to work, bring a higher tax base to that property into perpetuity, create another 5 star hotel for the city along with jobs associated with that, beautify that corner, etc.
I swear some of you would just as soon see this thing torn down and returned to a parking lot out of spite.

Maybe we can enclose it under Obama's weatherization program.
This thread is drifting again and should be locked down until some new news.

Latest news = City of Chicago walks through building with citation book and damn near runs out of ink.
1) Board up ALL elevator shaft openings for safety.
2) Replace/repair all blue safety netting around building from top to bottom.
3) All material on site needs to be moved into core and secured.
4) If crane will not be used soon, remove it. To remove "it" shoring needs to be installed five floors below to set the pieces of crane on it while disassembling. BIG MONEY!!!

[ChicagoChicago]

Originally Posted by Mehow

Latest news = City of Chicago walks through building with citation book and damn near runs out of ink.
1) Board up ALL elevator shaft openings for safety.
2) Replace/repair all blue safety netting around building from top to bottom.
3) All material on site needs to be moved into core and secured.
4) If crane will not be used soon, remove it. To remove "it" shoring needs to be installed five floors below to set the pieces of crane on it while disassembling. BIG MONEY!!!

Good. Shit or get off the pot.

[chi-arch]

Originally Posted by Mehow

If Central crane needed that rig on another project,it would be down by now.

So what is BIG MONEY(point 4 in your post above) to get the crane down now? 500K? one Million? Got a clue/guess?

[Plokoon11]

Me thinks this will become some unfinished landmark that we will all grow to like it along the city buildings at that particular area and then in 20 years there going to try to save it but end up knocking it down.

[Mehow]

Originally Posted by chi-arch

So what is BIG MONEY(point 4 in your post above) to get the crane down now? 500K? one Million? Got a clue/guess?

I would think with all the reshore install/removal, installing a derick to remove the crane, paying U.S.A. Hoist to jump the skip to the top floor (to remove the derick) it would go for 100-200K. I believe they would have to go with the derick vrs. a 500 ton hydro or fixed boom crane because there are vaults under clark and lower Wacker under Wacker drive.

[jjk1103]

Originally Posted by Plokoon11

Me thinks this will become some unfinished landmark that we will all grow to like it along the city buildings at that particular area and then in 20 years there going to try to save it but end up knocking it down.

.....unfortunately, I think I agree with you (bummer)
......can't they just turn it into a multistory parking garage ?

[the urban politician]

So when does this project get landed in the "Never Built" category?

[jcchii]

can't blame the city for jamming them

[JDRCRASH]

Originally Posted by the urban politician

So when does this project get landed in the "Never Built" category?

I don't know if it should be called "Never Built", because at least part of it was completed.

[brian_b]

Originally Posted by jcchii

can't blame the city for jamming them

Nope, it's a good thing.

Teng is just sitting on the project because it doesn't want to turn paper losses into actual losses, and as long as someone allows them they're going to delay in the hopes that some sucker comes along and makes them whole on the project. In the mean time you've got a construction site that poses a danger to the general public. The city allows such a thing as long as progress is being made, but clearly that's not happening and shows no sign that it will happen in the future as long as Teng is allowed to stall.

Sell the thing at whatever the market will bear and admit you lost money.

[Tom In Chicago]

Originally Posted by the urban politician

So when does this project get landed in the "Never Built" category?

When Teng sells the property? I suspect they're going to sit on it and wait out the storm. . . might be on hold for a while though. . .

[Mehow]

A lot of vehicles on site Thursday and Friday, hoist running, making repairs per city request.

[harryc]

Feb 23 - am - a quite site - aside from the faint tinkling of saftey straps in the wind.


Feb 23 - pm - catching some rays.


Feb 26 - a rainy day.


As reported work was going on Friday with rolls of new blue fence/cloth stuff and stacks of plywood, there was much hammering and sawing coming from inside. (click on thumbs for full size )



the end of a busy week.

[Mehow]

Awesome pictures Harry C. !!!

[observer]

Teng should just try and find $2,000,000 so they can put two parking elevators and two exit stairs (that's at a huge discount of what they would normally cost...but they should benefit from sinking comodity prices and hungry contractors). They could undercut adjacent parking garages and still make $100,000 a month (400 spaces x $14/day x 20 days a month - opperating costs)....that would give them income to take crane down and tidy up a bit....as well a means to pay back 2 million dollar loan...and then god forbid...start paying there bills from the contractors who built what they have out there now. This would also give them time to wade out the financial storm.

[aaronrosen26]

I'm not a contractor nor an architect, but I would imagine there's probably a lot more systems besides the elevators that would have to be in place (lots of electrical work, lighting, parking infrastructure like gates and boothes, a contractor to run the lot, etc.) and that this is much easier said than done in what amounts to little more than a concrete shell disconnected from the grid.

[ChicagoChicago]

Originally Posted by aaronrosen26

I'm not a contractor nor an architect, but I would imagine there's probably a lot more systems besides the elevators that would have to be in place (lots of electrical work, lighting, parking infrastructure like gates and boothes, a contractor to run the lot, etc.) and that this is much easier said than done in what amounts to little more than a concrete shell disconnected from the grid.

I've got to believe much of that would be required to finish the building anyway, such as sprikler systems, plumbing, lighting, exterior paneling to obscure the garage, etc. But it would likely be well north of $2M.

[EarlyBuyer]

Published today in a hotel industry trade journal:

Shangri-La Hotel, Chicago Hotel Project Suspended


March 2, 2009

"Shangri-La Asia Ltd’s wholly owned subsidiary SLIM (USA) Inc. signed contracts with Waterview LLC, the project’s developer, to provide pre-opening technical assistance services and later to operate the Shangri-La Hotel, Chicago . Under the current economic environment, regrettably, the implementation of the hotel project has been suspended with no indication of when activities will resume. Accordingly, SLIM (USA) Inc., in exercise of its contractual rights under the agreements, has served a notice on the developer terminating its contracts relating to this project. Shangri-La’s commitment to the North American market remains strong. The group’s first North American property opened on January 24, 2009 in Vancouver."

http://www.hotel-online.com/News/PR2009_1st/Mar09_ShangriLaChicago.html


.

[jcchii]

I hope they look at other chicago projects