Quote:
Originally Posted by jjk1103
......THe "site prep" section on page 1 is really getting thin ! If you subtract Mandarin (which should probably be back in "proposed") there are only 4 "over 500 feet" left.......I think the real estate slump is really starting to hit. It looks like the current crop of "under construction" is going to get built out then there is going to be a multi-year gap......
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I agree with you in that new buildings will go U/C at a slower pace, in the near future. I'm sure that 2008 will have a decent amount less construction starts than in 2007 (although the number of construction starts in 2007 is extremely high, even after just 7 months!).
However, I do think that there are still some buildings on the "proposed" list that aren't too far off from from being U/C. I would guess that a decent amount (but certainly not all) of these buildings will go U/C by the end of 2007:
Sono I (from what I've read, it may be U/C any day now, if it is not already U/C)
Ritz Carlton
680 North Rush
215 West Washington
200 West Lake
Park 1000
Glashaus
Catalyst
Walton on the Park towers
1349 South Wabash
565 Quincy (the salesperson said that demo on the existing building has already begun)
The Avalon (the salesperson said that they have already begun gutting the lofts portion of the development)
Any other proposed buildings far along in the process that I am not aware of??
Also, X/O WOULD have been on this list if it weren't for Fioretti. And 200 North Riverside - while it may not start construction for awhile - looks like it should be a definite go.
Pretty much, I while I agree there will be a slow-down in new buildings going U/C, I don't think it will be an all-out "gap" either.