CHICAGO | St. Regis Chicago (Vista) | 1,191 FT | 101 FLOORS - Page 155

The Pimp · #**3081** Posted **Jan 25, 2018, 1:52 AM**

Quote:

Originally Posted by woodrow

Correct me if I am wrong, but I don't believe Teng & Associates had the financing completely lined up when they started. My memory is that they were a highly regarded engineering and design firm, but were not developers and they got burned, due to their inexperience in the finance markets and the collapse of the economy in 2008.

Please don’t remind me of this horror show. It took forever to get my deposit back from those idiots.

10023 · #**3082** Posted **Jan 25, 2018, 12:26 PM**

Quote:

Originally Posted by marothisu

It seems like every 3 or 4 months, someone finds some article that's already been shared or the information has already been shared - and there's some sort of amnesia with a few people. It's weird.

Also, Wanda said they weren't going to sell this building I believe (or they said they wouldn't until it was completed).

They'll sell on completion to maximize value.

There is a difference between strategic selling and liquidating assets due to financial distress (like Teng or Anglo-Irish).

JMKeynes · #**3083** Posted **Jan 25, 2018, 1:22 PM**

This will be amazing!

KWillChicago · #**3084** Posted **Jan 25, 2018, 4:30 PM**

Quote:

Originally Posted by LouisVanDerWright

Guys there is zero chance that this project won't be completed at this point. A bank isn't going to issue a multi hundred million dollar construction loan unless All of the equity is there. The money from likely both the bank and equity is probably in a title company escrow account to be distributed as the project is completed. The Chinese government may be able to nationalize assets in China, but they have zero sovereignty in the US. That's not how things work here and that's exactly why the communist party is so worried about money going overseas, it dilutes their power. As Wang himself said, cooperating with the party is a "live by the party, die by the party" proposition.

That said, I think this is still news because it will be interesting to see if this is one of the assets they make him sell or if he gets to hold onto it because it increases Chinese prestige or something like that. Surely a more Marquee asset like this has some value to the party, not to mention the statement of it facing a similarly grand tower across the river.

Isn't it like a $700 million loan that Wanda was approved of. No chance this baby's not being completed. Wouldn't be completely shocked if the hotel chain switched at some point.

phanta721 · #**3085** Posted **Jan 25, 2018, 8:04 PM**

donnie · #**3086** Posted **Jan 25, 2018, 8:59 PM**

Looks to me like the core is curving up!

harryc · #**3087** Posted **Jan 25, 2018, 9:21 PM**

Quote:

Originally Posted by donnie

Looks to me like the core is curving up!

Yes the exterior core face is at an angle,

aaron38 · #**3088** Posted **Jan 26, 2018, 2:19 AM**

Looking up at this from the base is going to make Chase Tower seem tame.

Kumdogmillionaire · #**3089** Posted **Jan 26, 2018, 3:20 AM**

Quote:

Originally Posted by aaron38

Looking up at this from the base is going to make Chase Tower seem tame.

Chase Tower will never seem tame. That thing is the most imposing 850 foot tall building in the world.

Joe Zekas · #**3090** Posted **Jan 26, 2018, 6:26 AM**

Vista Tower by YoChicago, on Flickr

vexxed82 · #**3091** Posted **Jan 26, 2018, 4:26 PM**

Snagged one decent aerial yesterday when orbiting around OBP

[IMG]

[/IMG]

F1 Tommy · #**3092** Posted **Jan 26, 2018, 4:30 PM**

Very nice photos from all of you. That webcam is really poorly angled and useless!!

killaviews · #**3093** Posted **Jan 26, 2018, 7:00 PM**

I'm already amazed by this building. This could the best looking building in the city. It looks so cool now. At full height and with glass - it's going to be mind blowing.

vexxed82 · #**3094** Posted **Jan 26, 2018, 7:04 PM**

Quote:

Originally Posted by killaviews

I'm already amazed by this building. This could the best looking building in the city. It looks so cool now. At full height and with glass - it's going to be mind blowing.

Yeah, come mid-summer, when the rising sun starts hitting the north face of this building, it's going to shine like crazy with glass partially up the concrete structure. Can't wait to get some shots of it from the air + Michigan Avenue bridge

donnie · #**3095** Posted **Jan 26, 2018, 7:32 PM**

I can't believe this thing is only about a quarter of the way up!

MASSIVE.....

KWillChicago · #**3096** Posted **Jan 26, 2018, 11:36 PM**

Gravel unloaded at Gems today. But thats about All that is going today.

TK2001 · #**3097** Posted **Jan 27, 2018, 2:31 AM**

Highest floor at 28 floors but the core is at 30 floors
30/89, 33.7%

photoLith · #**3098** Posted **Jan 27, 2018, 5:30 AM**

So massive right now and still so much to go, can't wait to see this TO.

franktko · #**3099** Posted **Jan 27, 2018, 5:31 AM**

photoLith · #**3100** Posted **Jan 27, 2018, 5:35 AM**

Still would rather see the Chicago Spire from that angle but this is a close second for sensualness.