CHICAGO | General Developments - Page 1353

harryc · #**27041** Posted **Jan 2, 2015, 8:57 PM**

Walkway being preserved

Vlajos · #**27042** Posted **Jan 2, 2015, 9:02 PM**

Quote:

Originally Posted by marothisu

Yep, only new construction permits for 2014. This doesn't count renovation permits (except for one that was a 42 unit addition on 12/29). Rehabs, renovations, etc are in a completely different category and there are more of those than there are new construction permits, for sure.

There were also a handful of permits that didn't specify number of units, so I'd say there's probably at least 50 more unaccounted for. I'm working on getting the counts for 2013 so we can see how much it's increased in a year, which is important to see when forecasting..

Great, thanks!

harryc · #**27043** Posted **Jan 2, 2015, 9:10 PM**

Crane is up. (project next to the HoJo tower).

marothisu · #**27044** Posted **Jan 2, 2015, 9:20 PM**

Quote:

Originally Posted by Vlajos

Great, thanks!

Here are the totals for 2013 and how 2014 compares.

* Single Family Homes: 529 (2014 = 605. 14.4% increase)
* Multi Family Residential Units: 2714 (2014 = 3621. 33.4% increase)
* Mixed Use Residential Units: 703 (2014 = 2781. 295.6% increase)
* Other Residential Units: 408 (2014 = 787. 92.9% increase)

* Total Multi Family Residential Units (not counting 'other' category): 3417
---> 2014 = 6402, or an increase of 87.4%

* Total Multi Family Residential Units (counting 'other' category): 3825
---> 2014 = 7189, or an increase of 87.9%

If 2015 saw an 87% increase of multi family dwelling units, it would deliver almost 13,500 units. If it's just 30%, then it's still almost 9500 units, which would bring a 3 year total to over 20,000 new multi family dwelling units. If SFH grows around the same amount, then that would be 2000 new homes in 3 years as well.

Vlajos · #**27045** Posted **Jan 2, 2015, 9:35 PM**

Quote:

Originally Posted by marothisu

Here are the totals for 2013 and how 2014 compares.

* Single Family Homes: 529 (2014 = 605. 14.4% increase)
* Multi Family Residential Units: 2714 (2014 = 3621. 33.4% increase)
* Mixed Use Residential Units: 703 (2014 = 2781. 295.6% increase)
* Other Residential Units: 408 (2014 = 787. 92.9% increase)

* Total Multi Family Residential Units (not counting 'other' category): 3417
---> 2014 = 6402, or an increase of 87.4%

* Total Multi Family Residential Units (counting 'other' category): 3825
---> 2014 = 7189, or an increase of 87.9%

If 2015 saw an 87% increase of multi family dwelling units, it would deliver almost 13,500 units. If it's just 30%, then it's still almost 9500 units, which would bring a 3 year total to over 20,000 new multi family dwelling units. If SFH grows around the same amount, then that would be 2000 new homes in 3 years as well.

That is quite the increase. I doubt we'll see new unit growth like this in 2015 though.

marothisu · #**27046** Posted **Jan 2, 2015, 9:48 PM**

Quote:

Originally Posted by Vlajos

That is quite the increase. I doubt we'll see new unit growth like this in 2015 though.

You never know. I've heard from a few sources that at least downtown there's supposed to be more delivered in 2015 than there was in 2014. Although that is different from how many were permitted. The number should be more though because I couldn't find the permit for Block 37's addition.

Just thinking about some big projects which could start in 2015: Tower of Jewel + nearby addition (~450 units total), Clark & Chestnut (392 units), HoJo Tower (298 units), 167 W Erie (444 units), Lake & Halsted (227 units), Chestnut & Orleans (333 units), 750 N Hudson (240 units), etc. Right there is almost 2400 units though I doubt all would start in 2015, but you never know. Many other projects I'm forgetting, especially around the River West blue line stops.

untitledreality · #**27047** Posted **Jan 3, 2015, 1:10 AM**

Quote:

Originally Posted by marothisu

Right there is almost 2400 units though I doubt all would start in 2015, but you never know. Many other projects I'm forgetting, especially around the River West blue line stops.

Along the same lines of "not all of them will start... or get built", there are 1000+ units at various stages of proposal along the Milwaukee Ave corridor.

ardecila · #**27048** Posted **Jan 3, 2015, 7:17 AM**

Quote:

Originally Posted by PKDickman

Not really as of right, more like previously agreed to.
They negotiated and received a zoning change under a type 1 application.

Potato-potato. They already have the entitlements in place to build this, hence "as of right".

ardecila · #**27049** Posted **Jan 3, 2015, 7:28 AM**

Macerich bought this land and they are not oblivious to its development potential. However, they are wary about adding another major chunk of downtown retail when their Californian counterpart CIM had such a hard time filling Block 37. Trump continues to have zero success filling his retail spaces, also off-Michigan, although it's not clear whether he is turning down offers waiting for the right luxe retailer to come along.

Quote:

Originally Posted by harryc

wierdaaron · #**27050** Posted **Jan 3, 2015, 8:30 PM**

Funny that River North/Mag Mile is one of the coldest areas of downtown in this boom, whereas on the other side of the main branch they can't build fast enough.

marothisu · #**27051** Posted **Jan 3, 2015, 9:06 PM**

This may be becoming more of a reality. A few more zoning change requests for this on the agenda in January. The article says 5 different 8 unit buildings, but the documents and the zoning agenda says it's for a single 10 story 60 unit building...

http://chicago.curbed.com/archives/2...-jackson-1.php

Ch.G, Ch.G · #**27052** Posted **Jan 4, 2015, 6:05 AM**

Quote:

Originally Posted by marothisu

Here are the totals for 2013 and how 2014 compares.

* Single Family Homes: 529 (2014 = 605. 14.4% increase)
* Multi Family Residential Units: 2714 (2014 = 3621. 33.4% increase)
* Mixed Use Residential Units: 703 (2014 = 2781. 295.6% increase)
* Other Residential Units: 408 (2014 = 787. 92.9% increase)

* Total Multi Family Residential Units (not counting 'other' category): 3417
---> 2014 = 6402, or an increase of 87.4%

* Total Multi Family Residential Units (counting 'other' category): 3825
---> 2014 = 7189, or an increase of 87.9%

If 2015 saw an 87% increase of multi family dwelling units, it would deliver almost 13,500 units. If it's just 30%, then it's still almost 9500 units, which would bring a 3 year total to over 20,000 new multi family dwelling units. If SFH grows around the same amount, then that would be 2000 new homes in 3 years as well.

Dude, thank you so much for doing this. It really helps. The numbers are pretty fantastic and paint a very different picture of Chicago than one might imagine based on some Census figures.

nomarandlee · #**27053** Posted **Jan 5, 2015, 7:58 PM**

I don't remembering reading this so sorry if this is a repost..........

Quote:

http://www.dnainfo.com/chicago/20141...ospital-tossed

Lawsuit To Halt Redevelopment of Children's Memorial Hospital Dismissed
By Paul Biasco on December 31, 2014

UrbanLibertine · #**27054** Posted **Jan 5, 2015, 11:06 PM**

Building permits have been issued for a new 3-story condo building (with a basement) at the SW corner of Noble and Augusta. This will be replacing a small Auto Repair shop.

tjp · #**27055** Posted **Jan 6, 2015, 8:34 PM**

Crain's "Mag Mile Makeover" map shows that AllSaints is closing, to be replaced by T-Mobile.

http://www.chicagobusiness.com/artic...ign=SocialFlow

I think it sucks. AllSaints obviously wasn't doing well, but all these flagship wireless provider stores aren't going to generate traffic or add much to the street, either.

Ch.G, Ch.G · #**27056** Posted **Jan 6, 2015, 11:19 PM**

Quote:

Originally Posted by tjp

Crain's "Mag Mile Makeover" map shows that AllSaints is closing, to be replaced by T-Mobile.

http://www.chicagobusiness.com/artic...ign=SocialFlow

I think it sucks. AllSaints obviously wasn't doing well, but all these flagship wireless provider stores aren't going to generate traffic or add much to the street, either.

A blow to Chicago's retail scene, and a blow to the allure of Michigan Avenue.

Rizzo · #**27057** Posted **Jan 6, 2015, 11:30 PM**

^ Big improvements overall though. A great roster in retailing with the exception of the all-saints replacement with a phone store which is a clunker.

Is all saints actually closing or moving? Most of their stores I've seen in other cities were in much smaller spaces

SamInTheLoop · #**27058** Posted **Jan 7, 2015, 1:33 AM**

Couldn't agree more on the huge disappointment of hearing of another wireless network store taking up prime retail footage. For me, it doesn't get worse than wireless providers and bank branches on the retail scene. Thankfully, the latter is no longer in overall expansion mode. It's my hope that I'll be able to say the same about the former in the not-too-distant future.....might be wishful thinking, but we'll see.....

ardecila · #**27059** Posted **Jan 7, 2015, 1:51 AM**

No plans to re-open AllSaints, although there is a smaller one at Fashion Outlets and I hear they are successful.

Steely Dan · #**27060** Posted **Jan 7, 2015, 4:13 PM**

i've moved all of the discussion about Obama's presidential library from this thread to the project's dedicated thread, which i have moved from the midwest sub-forum to the general development forum because it involves 3 different cities.

please continue the discussion here: http://forum.skyscraperpage.com/showthread.php?t=208617