CHICAGO | Highrise Projects & Construction, v7 - Page 762

gebs · #**15221** Posted **Aug 8, 2019, 1:44 PM**

That last one is FifteenFifty on the Park (1550 N Clark). SCB building w/ interiors by Gary Lee.

the urban politician · #**15222** Posted **Aug 8, 2019, 2:24 PM**

Quote:

Originally Posted by Hourstrooper

Yes that is exactly what is happening here! with developers knowing of a looming recession probably right before or after the election in 2020. We are beginning to see a dig in and hold on type of late market boom here look at all the lse bids going out and all the previously approved projects are gonna want to get in before the market is crap, that's why most new proposals are usually less that 50 floors the past year. We will probably even get the spire site to start before this cycle ends here. The economy will prob be up and down til after the election then it will rest for a year or two, but you are absolutely right lots of work in the near term of 2 years. Bombardier may have a say in this as well! but from my personal experience get ready for lots of construction sites and caissons!!!! I ownt name all the projects but theres easily upwards of 40 more towers of various heights excluding megaprojects proposed and approved that can start if they file for the permits rn! And lastly, With all the office projects and relocations coming online in the near and long term all those workers are going to need places to live. Now is the perfect time to get the projects in the ground that's what is starting to happen here!!!

I sort of wonder if the change from the Rahm administration, the influx of some of these DSA Aldermen, and the looming possibility of a stricter ARO may also be playing a slight role in lighting a fire under developers to get more projects moving now rather than later?

I realize that this would not impact construction but would instead impact entitlements. However, in this town anything can happen before you have that building permit in hand. It's not unheard of for Aldermen to yank previously approved zoning if they don't like something about the project.

ardecila · #**15223** Posted **Aug 8, 2019, 2:36 PM**

Quote:

Originally Posted by the urban politician

I realize that this would not impact construction but would instead impact entitlements. However, in this town anything can happen before you have that building permit in hand. It's not unheard of for Aldermen to yank previously approved zoning if they don't like something about the project.

This is usually very shaky legal ground and even most of the Socialist aldermen are not dumb enough to do it.

Remember, despite the tradition of aldermanic prerogative it still takes a vote of City Council to revoke a zoning change, and if a move is legally questionable then often the other aldermen will not play ball - the Zoning chair may refuse to put the revocation on the agenda, for example. They don't want to waste taxpayer money fighting a pointless court battle.

Still, sometimes an alderman will use the threat of revocation as leverage against a developer. They also put in sunset clauses on most zoning amendments, so they can use the renewal of zoning as leverage as well.

RedCorsair87 · #**15224** Posted **Aug 8, 2019, 2:42 PM**

I find Renelle incredibly unremarkable. It literally is the worst building in every photo posted above.

Handro · #**15225** Posted **Aug 8, 2019, 2:52 PM**

Quote:

Originally Posted by RedCorsair87

I find Renelle incredibly unremarkable. It literally is the worst building in every photo posted above.

It also looks weirdly stubby for its location. Sort of of an awkward building.

gebs · #**15226** Posted **Aug 8, 2019, 2:55 PM**

Quote:

Originally Posted by Handro

It also looks weirdly stubby for its location. Sort of of an awkward building.

Renelle was always going to be underwhelming because it was built to suit the limitations of the site and its in-place foundation. That said, I think sales went incredibly well given that it's mostly 3- and 4-bedroom plans.

BVictor1 · #**15227** Posted **Aug 8, 2019, 8:15 PM**

Caisson equipment at LSE and they’re building rebar cages.

Steely Dan · #**15228** Posted **Aug 8, 2019, 8:18 PM**

Quote:

Originally Posted by BVictor1

Caisson equipment at LSE and they’re building rebar cages.

Cirrus is gonna be over 500'.

it should probably get its own construction thread.

anyone wanna start one?

the urban politician · #**15229** Posted **Aug 8, 2019, 8:33 PM**

Quote:

Originally Posted by Steely Dan

Cirrus is gonna be over 500'.

it should probably get its own construction thread.

anyone wanna start one?

I just did. Since it's not yet officially U/C I put it in the proposals page. Please amend whatever I started as needed

PittsburghPA · #**15230** Posted **Aug 8, 2019, 10:46 PM**

Almost the entire first floor of steel is erect at 167 N Green. They started setting steel yesterday. This thing will FLY!

sox102 · #**15231** Posted **Aug 9, 2019, 12:14 AM**

Did a search on here and didn't see anything recent, but the tower above Engine Company 42 came out for bid this week. Lendlease appears to have the project and it will be CURTAIN WALL!

https://www.rejournals.com/office-to...house-20180719