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  #1721  
Old Posted Jul 3, 2020, 1:06 AM
BrinChi BrinChi is offline
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^ We knew there wouldn't be curved glass for awhile now. Sucks but I'm over it.
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  #1722  
Old Posted Jul 3, 2020, 1:24 AM
Donnie77 Donnie77 is offline
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I don't think this render does the building justice as im sure the final product will look curvier and much more elegant if it is completed!
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  #1723  
Old Posted Jul 3, 2020, 4:59 PM
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I think it will be fine:

600 Fairbanks by Michael Dant, on Flickr
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  #1724  
Old Posted Jul 4, 2020, 7:54 PM
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Quote:
Originally Posted by southoftheloop View Post
Still, looks like no curved glass on this one...cheapens an otherwise promising facade.
A Jahn building that will look cheap and won't age well? Color me surprised lmao
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  #1725  
Old Posted Jul 7, 2020, 8:34 PM
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https://www.chicagotribune.com/colum...mpression=true




Yea this thing Is dead officially
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  #1726  
Old Posted Jul 7, 2020, 8:35 PM
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  #1727  
Old Posted Jul 7, 2020, 8:36 PM
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quick draw!
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  #1728  
Old Posted Jul 7, 2020, 8:48 PM
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Saw that coming. Now we wait for Related to scoop it up
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  #1729  
Old Posted Jul 7, 2020, 8:57 PM
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Eh not really that upset, at least we got the bad news over with and no longer have annoying false hope from this shady ass project.

Hopefully someone buys the site and builds something better. This building was sort of ugly tbh.

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Saw that coming. Now we wait for Related to scoop it up
And make up for their disappointment at the spire site hopefully (who am I kidding they won't)
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  #1730  
Old Posted Jul 7, 2020, 8:59 PM
Toasty Joe Toasty Joe is offline
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Not an expert, but at least this foundation looks like it can be used/re-worked easier than the spire site's
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  #1731  
Old Posted Jul 7, 2020, 9:08 PM
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Quote:
Originally Posted by Fvn View Post
Now we wait for Related to scoop it up
They've already released a preliminary rendering of their plan for the site:









In any event, this news should surprise no one. This project always seemed a bit overly-aggressive, and with all of the uncertainty of Covid thrown in.......

And I still feel that base would have been awkward on the Michigan Ave streetwall. I was mainly excited about the height of 10000M, and how it would've helped tie the skyline together.
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Last edited by Steely Dan; Jul 7, 2020 at 9:28 PM.
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  #1732  
Old Posted Jul 7, 2020, 9:29 PM
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Good news! They were secretive and shady from the start and made me look dumb when I claimed the project was dead as a proposal. Looks like they just tried to push past the fact their financing was trash and did it anyway. With or without COVID, this tower wasn't going to succeed. They merely had a convenient excuse after scamming people of their time. Hopefully they can get their money back
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  #1733  
Old Posted Jul 7, 2020, 11:04 PM
SamInTheLoop SamInTheLoop is offline
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Real shocker, this news.


I'd meant to post re that Realdeal article from a couple months ago, which clearly erroneously reported that GS had provided $470 mil in financing. That was obvious nonsense, and I suspect what happened is that that rag, which in no small part just 'piggy-backs' off actual reporting, largely recycled a Crain's (or Trib - can't remember which) article which happened to mention some sort of GS financing, along with a price tag on the project of $470 mil. So what does Realdeal do? Reports that GS is providing $470 mil of financing for the project. Yeah....no. My guess - and this is just a guess but seems to fit - is that GS may have been providing some sort of bridge financing - or something with similar effect - to kick-off construction until the developers were finally able to get their act together and put together complete project financing. Reminiscent of Teng-Waterview (although I can quite recall the details in terms of who was actually financing that project at the start).....
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Last edited by SamInTheLoop; Jul 8, 2020 at 12:28 AM.
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  #1734  
Old Posted Jul 7, 2020, 11:20 PM
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Let's hope the future developer will keep the +800ft height figure in mind
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  #1735  
Old Posted Jul 8, 2020, 1:10 AM
chicubs111 chicubs111 is offline
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unfortunate but we all know here that the rule of thumb is if there hasn't been an announcement of secured FULL financing for a project of this size being prior to construction that something is up and the developer is playing with fire to start construction. It sucks because it seems like some really good projects are lost ...particular the waterview tower proposal...that one was really great and such a tease because it was up about 20 stories or so too...
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  #1736  
Old Posted Jul 8, 2020, 1:35 AM
chicubs111 chicubs111 is offline
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Quote:
Originally Posted by CrazyCres View Post
Let's hope the future developer will keep the +800ft height figure in mind
I highly doubt it from the past experiences we have seen developers in the city try to capitalize with the minimum amount of expense on partially completed sites...there will be little vision most likely...just look at the spire site...had a giant hole in ground with foundation work done for a huge building and instead they go safe.
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  #1737  
Old Posted Jul 8, 2020, 2:16 AM
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from Trib - kind of a dick move to put it all on Jahn....um....neighborhood? developer>? alderman? historical someone or other talking about design integrity?

"1000M is already years in the making. The developers bought the site in the 1000 block of South Michigan Avenue for $17.2 million in 2016. That’s the year the city approved the project after Jahn altered the design, including chopping 200 feet from its height."
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  #1738  
Old Posted Jul 8, 2020, 2:17 AM
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Quote:
Originally Posted by chicubs111 View Post
I highly doubt it from the past experiences we have seen developers in the city try to capitalize with the minimum amount of expense on partially completed sites...there will be little vision most likely...just look at the spire site...had a giant hole in ground with foundation work done for a huge building and instead they go safe.
I get your point...truly...but "safe"? hard to call it safe with what they are doing and the 438 setbacks on the buildings
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  #1739  
Old Posted Jul 8, 2020, 3:20 AM
skysoar skysoar is online now
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What are the better odds of being completed, 1000M or another hard luck development, Hudson Tower in Detroit. My, my, my,, hard to let this one go,but another setback for 1000M. I know it sounds futile but yet hoping.
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  #1740  
Old Posted Jul 8, 2020, 4:40 AM
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Originally Posted by skysoar View Post
What are the better odds of being completed, 1000M or another hard luck development, Hudson Tower in Detroit. My, my, my,, hard to let this one go,but another setback for 1000M. I know it sounds futile but yet hoping.
Work has resumed at the Hudson site, albeit at a snails pace.
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