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  #381  
Old Posted Nov 4, 2016, 2:57 PM
LouisVanDerWright LouisVanDerWright is offline
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All the contractors from the 150 N Franklin project have been parking in this lot. It's jammed with contractor vans whenever it's not closed for proding around. They are probably just trying to squeeze every last penny out of the land while they get their ducks in a row.
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  #382  
Old Posted Nov 4, 2016, 4:52 PM
SamInTheLoop SamInTheLoop is offline
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^ No doubt. I'm 95% sure they have their tenant(s) (must be worst kept 'secret' in some time in local commercial real estate) and likely even in final stages of wrapping their financing....I'm actually at site right now...it's national wrecking crew still in southern lot with the dozer....at the moment he's scraping the lot flat with a big steel plate.....(early prep for caisson work?).....
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  #383  
Old Posted Nov 5, 2016, 7:52 PM
chicubs111 chicubs111 is offline
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This buildings design definitely would make it one of the if not best looking office tower built in the loop.. Hope it starts soon
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  #384  
Old Posted Nov 18, 2016, 6:29 AM
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November 17, 2016

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  #385  
Old Posted Nov 18, 2016, 5:53 PM
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KWILLSKYLINE KWILLSKYLINE is offline
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ughhhhh, stop teasing us and start drilling already.
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  #386  
Old Posted Dec 21, 2016, 10:23 PM
chicubs111 chicubs111 is offline
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Uh ohh...this could be big trouble for this project...Excerpt from Crains...

Sidley Austin is staying put after mulling new space

"Chicago-based Sidley is believed to have mulled moving to multiple developments, including Tishman Speyer Properties' proposed tower at 130 N. Franklin St. and Howard Hughes Corp.'s planned high-rise on the site at 110 N. Wacker Drive where General Growth Properties' low-slung headquarters now stands."

http://www.chicagobusiness.com/reale...ews-loop-lease
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  #387  
Old Posted Dec 22, 2016, 2:55 PM
SamInTheLoop SamInTheLoop is offline
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^ Really thought Sidley would end up going here. They surely got a very attractive deal to stay at 1 Dearborn.....oh well, it will be one of the 3-4 other big tenants out there shopping that will anchor 130 Franklin......still don't expect it to be long to learn who that is.....
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  #388  
Old Posted Dec 22, 2016, 4:29 PM
Vlajos Vlajos is offline
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Originally Posted by SamInTheLoop View Post
^ Really thought Sidley would end up going here. They surely got a very attractive deal to stay at 1 Dearborn.....oh well, it will be one of the 3-4 other big tenants out there shopping that will anchor 130 Franklin......still don't expect it to be long to learn who that is.....
What was the deal Sidley got?
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  #389  
Old Posted Dec 22, 2016, 4:35 PM
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Originally Posted by SolarWind View Post
November 17, 2016

This is art.

Fantastic.
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  #390  
Old Posted Dec 23, 2016, 5:13 PM
SamInTheLoop SamInTheLoop is offline
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Originally Posted by Vlajos View Post
What was the deal Sidley got?

No idea, but I'd be willing to bet that Sidley's feeling pretty happy with it....
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  #391  
Old Posted Feb 2, 2017, 6:38 PM
Skyguy_7 Skyguy_7 is offline
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..crosspost..

Quote:
Originally Posted by Justin_Chicago View Post
B of A could kick off new office tower downtown

Bank of America is eyeing a potential lease of more than 500,000 square feet in downtown Chicago, with a Wacker Drive development along the Chicago River believed to be a top contender to land the deal.

The bank is in talks for space in a big office tower proposed for 110 N. Wacker Drive, according to real estate sources. That's where mall owner GGP's low-slung headquarters building now stands.

But two other locations also appear to be in the running: a proposed development on Franklin Street, and the Willis Tower.

Yet Howard Hughes and Riverside face competition from New York-based firms Blackstone and Tishman Speyer Properties.

Blackstone wants to bring B of A to its 110-story Willis Tower, where it plans $500 million in upgrades. Tishman Speyer seeks an anchor tenant to build a 51-story tower on a site at 130 N. Franklin St., according to sources.

Article: http://www.chicagobusiness.com/reale...-chicago-lease
130 would obviously be the best option here, with 110 N Wacker many years out considering it's occupied and demo duration and Sears upgrade at least two years from completion. 130 is only 2+ years out and it would be hard to ignore its aesthetic appeal, not to mention the BofA agreement would be large enough to perhaps get naming rights.
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  #392  
Old Posted Feb 2, 2017, 7:09 PM
SamInTheLoop SamInTheLoop is offline
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^ I want - and it seems you do as well - 130 N Franklin to be the next major tower to launch. But it could very well be that BofA sees 110 N Wacker as it's best fit. The article doesn'mention the timeline BofA has for occupancy of its new space, so the 3-4 years for 110 could even potentially work better than the 2-3 for 130.....also, it could be that the more prominent visibility of the 110 site, better light and view conditions from it give 110 an edge from BofA's perspective.....

There are a couple other big potential anchor tenants out there shopping in the market right now that Tishman can land to launch 130 should BofA takes a pass.....
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  #393  
Old Posted Feb 2, 2017, 7:18 PM
the urban politician the urban politician is offline
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This is exciting stuff
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  #394  
Old Posted Feb 2, 2017, 8:02 PM
Skyguy_7 Skyguy_7 is offline
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^^Been dreaming about 130 N Franklin for too many years for 110 to jump right in front of it like some kind of entitled youth! You wait your turn, 110, you're sexy too, but you have to work for it and earn your place in our skyline.
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  #395  
Old Posted Feb 2, 2017, 8:12 PM
Chi-Sky21 Chi-Sky21 is offline
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I don't know, i would rather have 110 AND the next wolf point to kick off. Time to zipper up all the empty lots on the river!
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  #396  
Old Posted Feb 2, 2017, 8:24 PM
deebirch deebirch is offline
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BofA for 110 Wacker please. 130 is nice, but the river site is much more appealing
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  #397  
Old Posted Feb 2, 2017, 8:26 PM
TimeAgain TimeAgain is offline
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110 can't start until at least 2019 because of GG's lease.
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  #398  
Old Posted Feb 2, 2017, 9:20 PM
LouisVanDerWright LouisVanDerWright is offline
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Quote:
Originally Posted by TimeAgain View Post
110 can't start until at least 2019 because of GG's lease.
Leases have a habit of ending early when the landowner has a large financial incentive to move the space. It's not out of the realm of possibility that GG will get bought out if they need to make way for BofA. Then GG will just shop around for a new space in an existing building, a process that can take as little as 9 months. Who knows, they could already be browsing on the off chance that a deal goes through with BofA. Tenants don't mind being paid to go elsewhere, it could be a decent financial boon and they get new digs.
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  #399  
Old Posted Feb 2, 2017, 9:43 PM
JK47 JK47 is offline
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Quote:
Originally Posted by Skyguy_7 View Post
..crosspost..



130 would obviously be the best option here, with 110 N Wacker many years out considering it's occupied and demo duration and Sears upgrade at least two years from completion. 130 is only 2+ years out and it would be hard to ignore its aesthetic appeal, not to mention the BofA agreement would be large enough to perhaps get naming rights.

Willis Tower doesn't have any large blocks of contiguous space available for a year or two. We'd wanted to bring another 400 or so workers into the Tower and were looking to boost our space by another 100,000 or so square feet. There was zero availability within the next year or two for large contiguous spaces (so nothing north of 200,000) and the unoccupied spaces were not that attractive. If they're going to try and shoehorn 500,000 square feet worth of space into Willis Tower then it's going to likely be in scattered spaces unless they wait a few years for non-renewing tenants (not sure who, United is that largest tenant atm with about 900,000 square feet leased).
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  #400  
Old Posted Feb 3, 2017, 1:51 AM
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BVictor1 BVictor1 is offline
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Quote:
Originally Posted by Skyguy_7 View Post
..crosspost..



130 would obviously be the best option here, with 110 N Wacker many years out considering it's occupied and demo duration and Sears upgrade at least two years from completion. 130 is only 2+ years out and it would be hard to ignore its aesthetic appeal, not to mention the BofA agreement would be large enough to perhaps get naming rights.
Is 130 the best option? It all depends on when BofA leases expire.
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