CHICAGO | 1000M (1000 S Michigan) | 805 FT | 73 FLOORS - Page 96

r18tdi · #**1901** Posted **Sep 1, 2021, 9:49 PM**

Quote:

Originally Posted by donnie

How does this effect the project at this location if at all?

https://www.chicagobusiness.com/comm...tcy-protection

This says that Jahn LLC (the one filing for bankruptcy) is unrelated to Jahn Architecture Inc. (which designs building such as 1000M). So I assume very little impact?
I'd be more concerned with the developers getting their loans at this point.

SIGSEGV · #**1902** Posted **Sep 1, 2021, 9:54 PM**

Quote:

Originally Posted by r18tdi

This says that Jahn LLC (the one filing for bankruptcy) is unrelated to Jahn Architecture Inc. (which designs building such as 1000M). So I assume very little impact?
I'd be more concerned with the developers getting their loans at this point.

Yeah, seems Jahn LLC was designed for some funky legal maneuvering and has nothing to do with the architecture firm.

SamInTheLoop · #**1903** Posted **Sep 29, 2021, 10:34 PM**

Random, but relevant thought:

If these developers can't pull this project off at this point, they are beyond hope. The downtown apartment market fundamentals are galloping ahead as I've never seen before, new supply in the works is currently woefully insufficient, and capital sources on the debt and equity sides are super active, looking, ready and willing to mingle. There are literally no excuses for not being able to line everything up within the next few months at most and put this thing up, save for some combination of inexperience in large scale rental and ineptitude. None.

Still have the question: Do they JV this?

Steely Dan · #**1904** Posted **Sep 29, 2021, 11:08 PM**

^ I thought the development team already JV'ed with John Buck Company pre-covid.

Am I misremembering things?

SamInTheLoop · #**1905** Posted **Sep 30, 2021, 4:45 PM**

^ If that's the case, I completely missed it (not saying it's not, because it's happened before!), and it would be extraordinarily welcome news (to me!)

Steely Dan · #**1906** Posted **Sep 30, 2021, 4:49 PM**

^ i looked back through the thread.

i was mistaken, the developer has not JV'ed with JBC, JBC has merely been acting as the local owner's rep, as the developer is from out of state.

ardecila · #**1907** Posted **Sep 30, 2021, 6:36 PM**

Quote:

Originally Posted by Zapatan

That's sad, though I can only read the title due to the subscription requirement. Isn't Jahn's work done though since the building is already designed? (i.e. construction and selling condos is separate from the architectural firm)

No, the architect's job continues through the construction period until substantial completion. There is a long process of Construction Administration that is part of every architect's job.

Of course, these duties can be (and often are) delegated to another architectural firm. But if the whole marketing for the project is based around the architect's master vision, then you probably want that architect involved in the execution as well so that the "vision" doesn't die a slow death by a thousand poorly-considered VE cuts.

Randomguy34 · #**1908** Posted **Oct 21, 2021, 3:52 PM**

New site permits were issued yesterday, looks like this thing is back on

Chisouthside · #**1909** Posted **Oct 21, 2021, 3:52 PM**

Quote:

Originally Posted by Randomguy34

New site permits were issued yesterday, looks like this thing is back on

woooooo

gebs · #**1910** Posted **Oct 21, 2021, 3:58 PM**

Quote:

Originally Posted by Chisouthside

woooooo

Is there a gif for a dancing, yet slightly hesitant banana hedging its bets against the likelihood of disappointment?

thegoatman · #**1911** Posted **Oct 21, 2021, 4:11 PM**

Good news, the South Loop is gonna have a skyline better than most cities.

Ricochet48 · #**1912** Posted **Oct 21, 2021, 4:22 PM**

This will have a tremendous impact when viewed from some of the most popular spots like Alder. It will also expand the skyline south, connecting better with NEMA & One Museum Park, etc. Even if it takes a haircut, it will be a big boi in that ares--very excited!

Steely Dan · #**1913** Posted **Oct 21, 2021, 4:26 PM**

^ yep.

it's hard to overstate just how large of an impact this one would have, filling in a BIG gap in the south loop skyline.

gebs · #**1914** Posted **Oct 21, 2021, 4:29 PM**

Hoping all this talk of the apartment boom raging back will lead to news about Crescent Heights' plans for NEMA 2.

Chi-Sky21 · #**1915** Posted **Oct 21, 2021, 5:32 PM**

This and the other projects for Wabash like 525 , what is going on with that one?

pianowizard · #**1916** Posted **Oct 21, 2021, 5:41 PM**

Quote:

Originally Posted by gebs

Hoping all this talk of the apartment boom raging back will lead to news about Crescent Heights' plans for NEMA 2.

Yes that would be wonderful, but as seen in the rendering above, 1000M would enhance the South Loop skyline tremendously, whereas giving NEMA a slightly taller twin right next door would have less of an impact. Thus, if only one of them gets built, I hope it's 1000M, even though NEMA 2 would be taller. Besides, 1000M is more attractively designed than NEMA 2.

BVictor1 · #**1917** Posted **Oct 21, 2021, 8:59 PM**

Quote:

Originally Posted by Randomguy34

New site permits were issued yesterday, looks like this thing is back on

Which ones other than...?

1000 S MICHIGAN AVE
Description: ***DIRECT DEVELOPER SERVICES*** REVISION TO PERMIT NUMBER 100834166, REVISED SHEAR WALL/CORE WALL LOCATIONS DIMENSIONS AT MAT SLAB, REVISED ELEVATOR PIT DIMENSIONS, ADJUSTED ELECTRICAL DUCT BANK BETWEEN CURRENT IN SITU LOCATION AND CORE RISER LOCATION, AD

Application Review Summary
Name Completed Date Status
FINAL DATA REVIEW 2021-10-20 APPROVED

LANDMARK REVIEW 2021-08-03 APPROVED
PLANNING REVIEW 2021-07-27 APPROVED
ARCHITECTURAL & FIRE REVIEW 2021-07-23 APPROVED
REVENUE REVIEW 2021-07-22 APPROVED
PRELIMINARY INTAKE REVIEW 2021-07-07 APPROVED
ZONING REVIEW WAIVED

Zapatan · #**1918** Posted **Oct 21, 2021, 9:14 PM**

Hell yea!

CaptainJilliams · #**1919** Posted **Oct 21, 2021, 9:18 PM**

Chicagolover88 · #**1920** Posted **Oct 22, 2021, 12:48 AM**

Quote:

Originally Posted by CaptainJilliams

I'm sorry so when is the actual date that this starts