CHICAGO | 400 N Lake Shore Drive | 851 FT & 765 FT | 73 & ? FLOORS - Page 36

left of center · #**701** Posted **May 11, 2018, 9:40 PM**

Quote:

Originally Posted by Sky88

In my opinion, Related Midwest doesn't have the money to carry out two projects like The 78 and 400 N LSD. The 78 site will cost 5 billion and other billions will cost these two towers on the Spire site. I fear that Related will has to give up one of the two projects at the end.

They wont need the $5+ billion immediately for The 78, because it will be built in phases, one building after the other, over the course of two to three decades. Look at LSE as an example; its been going strong now since 2001. It has seen two economic downturns, and each time they simply pause and wait it out. With the remaining outer sites along the river mouth and LSD, they have probably 5 to 6 more years before its fully built out.

As for 400 LSD, they will be doing one tower at a time. They will probably start with the shorter tower since the foundation is already there, and once its fully leased out, begin the taller one along the river, and probably not right away either, since more than likely we will enter a recession in the next two years, around the time the first tower is nearing completion.

I have no doubt they will be able to see everything through themselves, without needing to bring in partners or part with any of the properties. Now, whether we want them to give the land up so that better designing, less VE-oriented developers can take over is another matter entirely

Freefall · #**702** Posted **May 11, 2018, 10:05 PM**

Quote:

Originally Posted by Sky88

In my opinion, Related Midwest doesn't have the money to carry out two projects like The 78 and 400 N LSD. The 78 site will cost 5 billion and other billions will cost these two towers on the Spire site. I fear that Related will has to give up one of the two projects at the end.

The 78 has a 20 year timeline lol

Kngkyle · #**703** Posted **May 11, 2018, 10:23 PM**

The mention of the two buildings being joined by a podium is a bit concerning. If they don't use the existing bathtub for underground parking....

Sky88 · #**704** Posted **May 11, 2018, 10:32 PM**

Quote:

Originally Posted by Freefall

The 78 has a 20 year timeline lol

Maybe but not with Related Midwest.

harryc · #**705** Posted **May 11, 2018, 10:47 PM**

Quote:

Originally Posted by Kngkyle

The mention of the two buildings being joined by a podium is a bit concerning. If they don't use the existing bathtub for underground parking....

Secant Wall
Sept 2007

Slurry wall
Jan 2008

kolchak · #**706** Posted **May 11, 2018, 11:01 PM**

Zara Hadid's concept for the site wasn't bad - fingers crossed for the real design!

Architecture.org

AlpacaObsessor · #**707** Posted **May 11, 2018, 11:19 PM**

Quote:

Originally Posted by Sky88

The USA economy will collapse in 2022. Many of these projects will be canceled.

Unless Related goes bankrupt, the project will probably just get slowed down by a few years, worst case scenario they might sell of a few plots of land under the condition that they stick to the master plan. Same thing happened with Dallas' Victory Park neighborhood, just a bunch of parking lots next to downtown bought up by a huge developer for the purpose of building a highrise neighborhood, and when the recession hit they sold off some big plots of land in order to pull through. The place took a few extra years to fill in but it happened. Same goes for the rest of these master plans.

donnie · #**708** Posted **May 12, 2018, 12:21 AM**

Quote:

Originally Posted by AlpacaObsessor

Unless Related goes bankrupt, the project will probably just get slowed down by a few years, worst case scenario they might sell of a few plots of land under the condition that they stick to the master plan. Same thing happened with Dallas' Victory Park neighborhood, just a bunch of parking lots next to downtown bought up by a huge developer for the purpose of building a highrise neighborhood, and when the recession hit they sold off some big plots of land in order to pull through. The place took a few extra years to fill in but it happened. Same goes for the rest of these master plans.

This is not a master plan. Now the 78 is a master plan for this city!

prageethSL · #**709** Posted **May 12, 2018, 1:58 AM**

Instead of two towers why don't they just build a single 1850 ft tower?.

LaSalle.St.Station · #**710** Posted **May 12, 2018, 4:30 AM**

The bigger concern is the Illinois economy and population loss. We are one progressive income tax away from major economic disruption to the Chicago economy.

Leave it to related to cut expensive height out.

Barney Greengrass · #**711** Posted **May 12, 2018, 7:06 AM**

Quote:

Originally Posted by kolchak

Zara Hadid's concept for the site wasn't bad - fingers crossed for the real design!

Architecture.org

Stunning design! Hope it gets used somewhere at some point.

pip · #**712** Posted **May 12, 2018, 7:23 AM**

eh

KWillChicago · #**713** Posted **May 12, 2018, 11:21 AM**

^ Star Wars towers. I like 'em.

chris08876 · #**714** Posted **May 12, 2018, 1:29 PM**

This looks like its reasonable in its scope. While the site would have been ideal for something much taller, realistically, this might have a chance. Which is good. Better than a hole in the ground.

I think everyone would of loved a mega-tall, but in the world of economics, what is built will have to make sense financially and based on the current market. This is good news regardless.

BVictor1 · #**715** Posted **May 12, 2018, 1:58 PM**

I've really been thinking about this project lately, and I will reserve judgement until I actually see a design.

Expectations are high, and that wasn't just revolving around height and scale.

Reading everyone's comments, I come to the conclusion that we've all become a bit spoiled. Yes... we were all hoping for something about 1,500', but realistically, I think we all knew that was a long shot.

Over the past 7 months, we've had three announced skyscrapers that'll meet or exceed 1,000'. Think about that...

None of us expected One Chicago Square to be to towers ranging from 660' t0 1,011'...

Three weeks ago we got Tribune East at over 1,400'

And now this...

While I too was hoping for something taller, we have an evolving skyline right before our eyes.

So instead of bitching and zoning, how about waiting until Tuesday, or when the renderings come out...?

maru2501 · #**716** Posted **May 12, 2018, 2:20 PM**

between those three at least one should get built. My money is on OCS

rgolch · #**717** Posted **May 12, 2018, 2:34 PM**

Quote:

Originally Posted by BVictor1

I've really been thinking about this project lately, and I will reserve judgement until I actually see a design.

Expectations are high, and that wasn't just revolving around height and scale.

Reading everyone's comments, I come to the conclusion that we've all become a bit spoiled. Yes... we were all hoping for something about 1,500', but realistically, I think we all knew that was a long shot.

Over the past 7 months, we've had three announced skyscrapers that'll meet or exceed 1,000'. Think about that...

None of us expected One Chicago Square to be to towers ranging from 660' t0 1,011'...

Three weeks ago we got Tribune East at over 1,400'

And now this...

While I too was hoping for something taller, we have an evolving skyline right before our eyes.

So instead of bitching and zoning, how about waiting until Tuesday, or when the renderings come out...?

This.

Pretty much everyone bitching never takes this degree of financial risk in trying to get a project off the ground. I'd rather two solid, relatively tall buildings that add density and urban activity than a rotting hole in the ground.

chicubs111 · #**718** Posted **May 12, 2018, 9:00 PM**

I too will hold judgment till i see the design..never the less we all have been through a lot with this site for the past 8 years or so..our expectations have been raised to a high standard and having the disappointment that the project will be topping at only 1000ft (yes i know were spoiled for complaining not tall enough) at such a prominent site it is totally understandable.. i think if it was 1200 feet people would of been satisfied to be honest.

Kumdogmillionaire · #**719** Posted **May 12, 2018, 9:52 PM**

That's basically my view on it. 1200 would have sufficed and been a nice exclamation point in Streeterville. At 1000 feet it'll get lost in the shuffle other than from one or two views. Probably just gonna turn my brain off on this one and just enjoy it for what really is, filling in that blight and embarrassment on the city

marothisu · #**720** Posted **May 12, 2018, 10:23 PM**

I agree with the notion that people have become too accustomed or even "spoiled" to the idea of having a tower of 1400+ feet on this site. Obviously because at one point there was going to be a 2000 footer there - but that was a different time in many ways. TWO towers including a 1000 footer are great - and within a few blocks of the lake, there really aren't that many (I mean only a few really) of these heights. Proposal wise, it's a pretty exciting time in Chicago - yes could be higher, but still.

I remember a small handful of years ago when some people were complaining that nothing being built at the time in Chicago was over 500 feet. There's currently 3 under construction of over 800 feet, including one which is over 1100 feet with one more 800 footer on the way (site prep) and another 3 between 600 and 800 feet. Then we've had a 1400 footer and another 1000 footer proposed in the last handful of months. On Tuesday, it'll be the 3rd 1000+ footer proposed in a small handful of months...

To be honest, I'm more worried about the design. Height is great, but if the design sucks then people aren't going to care at the end of the day really.