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  #1761  
Old Posted Aug 4, 2020, 7:53 PM
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Quote:
Originally Posted by bhawk66 View Post
If the crushed rock is not an indication of a restart, then how would one explain the following comments from the article linked above?

"...compared to the shut down picture we showed you in July, some dirt has been dug, some equipment has been moved, and there’s some new heavy equipment on site that wasn’t there before, including an excavator.

In the new picture, we count 26 rebar cages for the caissons. In the old picture, the number was closer to 20."
I love the optimism - but no - the sleeves had been trimmed down to what will be the bottom of the mat. The next step is to put in the "mud" layer (just done at SalesForce tower) . there is no reason to put gravel in on this level unless you are planning on burying it for a while. ( I hope I am wrong ).
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  #1762  
Old Posted Aug 4, 2020, 8:17 PM
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The rock could also be just to shore up the sheet piles to prevent them from collapsing over time. They're fine for a while as they were designed to be a cantileaved wall until the mat was constructed, but if left as is for a long period of time, (water) pressure would probably build up and this could cause Michigan Ave (or atleast the sidewalk) to become one with the excavation as I can't imagine it was designed to be a permanent wall.

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March 10, 2020

Also, FWIW in this picture from March (taken by Solar) I counted atleast 26 exposed drilled shafts.
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  #1763  
Old Posted Aug 12, 2020, 2:00 AM
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  #1764  
Old Posted Aug 12, 2020, 6:30 PM
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Most of us probably assumed it was just site maintenance.

It says it's still technically on hold until September, which doesn't mean it's cancelled. The cancelation of cash flow from Goldman is much more worrying though... i.e. probably means at the end of the day it will be.
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  #1765  
Old Posted Aug 15, 2020, 4:35 AM
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This should pick up hopefully. I wonder what the status is on any deposits for units (pre sales) and if buyers or prospects backed out. Just looking into this, I wouldn't worry. At least financing wise, they have it, just a temporary delay via risk management at the moment. Question is, how bad the fall might be economic wise, if applicable.

My gut feeling is telling me Q1 of 2021 for major movement on this IF conditions are GOOD.
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  #1766  
Old Posted Aug 15, 2020, 4:38 AM
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Originally Posted by Zapatan View Post
Most of us probably assumed it was just site maintenance.

It says it's still technically on hold until September, which doesn't mean it's cancelled. The cancelation of cash flow from Goldman is much more worrying though... i.e. probably means at the end of the day it will be.
I can't see this rising this fall. I'd say early to mid next year at best. The uncertainty is very high at the moment. This may go the way of 45 Broad. On hold until the situation domestically or even globally clears up.

The crappy part is if there are no reserves on the units or if deposits were given back. Presales can do wonders if you can fill a tower 1/3 or 1/2 prior to it even being u/c. That's the biggest blunder I see, not so much the financing which looks like its a hold based on uncertainty via the lender.
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  #1767  
Old Posted Oct 6, 2020, 1:15 PM
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^^ Comment is *chef's kiss*.

If only it were true..somehow, I feel like this will end up getting the Waterview tower treatment, and slashed in half, if and when it ever comes back.
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  #1768  
Old Posted Oct 21, 2020, 11:47 PM
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The website has mostly been shutdown.

It's just a black background with 1000M in the middle

https://1000southmichigan.com/index.html
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  #1769  
Old Posted Oct 22, 2020, 12:09 PM
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Is this property quietly up for sale?
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  #1770  
Old Posted Oct 22, 2020, 3:48 PM
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For the best, Jahn towers don't age well anyway
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  #1771  
Old Posted Oct 22, 2020, 5:44 PM
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Quote:
Originally Posted by Kumdogmillionaire View Post
For the best, Jahn towers don't age well anyway
600 N. Fairbanks is holding its own.
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  #1772  
Old Posted Oct 22, 2020, 6:51 PM
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Quote:
For the best, Jahn towers don't age well anyway
The Liberty Place Towers in Philly still look great, as well as the Messeturm in Frankfurt and 50 West in NY. Just to name a few.

Aside from that this was not my favorite. Not really a huge loss, hopefully something nice rises here though.
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  #1773  
Old Posted Oct 22, 2020, 6:52 PM
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Gives us all a lot more time to (a) hope for a better design and (b) save up for the 20-25% down banks will probably ask for in the future.
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  #1774  
Old Posted Oct 22, 2020, 9:44 PM
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Quote:
Originally Posted by Toasty Joe View Post
Something like Rose Hill in NYC would look nice here
Careful what you wish for, the Chicago equivalent is a Lucien Lagrange shitstack... (sigh)
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  #1775  
Old Posted Oct 25, 2020, 4:21 PM
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Originally Posted by ardecila View Post
Careful what you wish for, the Chicago equivalent is a Lucien Lagrange shitstack... (sigh)
Is there a reason Lagrange is the go-to? There is evident demand for the style. Others should be able to command that work
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  #1776  
Old Posted Oct 25, 2020, 5:15 PM
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Quote:
Originally Posted by BVictor1 View Post
600 N. Fairbanks is holding its own.
We'll have to agree to disagree on that...
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  #1777  
Old Posted Oct 25, 2020, 5:20 PM
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Quote:
Originally Posted by Zapatan View Post
The Liberty Place Towers in Philly still look great, as well as the Messeturm in Frankfurt and 50 West in NY. Just to name a few.

Aside from that this was not my favorite. Not really a huge loss, hopefully something nice rises here though.
Liberty Place Towers are borderline iconic they are so good. These other two you mentioned are VERY "meh". Despite him being here in Chicago for a long time, I just don't like most of his work, especially the stuff that has been put up in Chicago. I'm still hoping for the Thomspon Center to be completely rehabbed or torn down.
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4. Chicago Board of Trade - Chicago - Holabird & Root - Photo
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  #1778  
Old Posted Oct 25, 2020, 5:23 PM
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Quote:
Originally Posted by VKChaz View Post
Is there a reason Lagrange is the go-to? There is evident demand for the style. Others should be able to command that work
Do his products flop? If not, then offering a successful product at reasonable costs will ensure he gets to continue producing less than stellar visuals. And he's been doing it for so long here I'm sure he has very wide reaching connections.
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1. 9 DeKalb Ave - Brooklyn, NYC - SHoP Architects - Photo
2. American Radiator Building - New York City - Hood, Godley, and Fouilhoux - Photo
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4. Chicago Board of Trade - Chicago - Holabird & Root - Photo
5. Cathedral of Learning - Pittsburgh - Charles Klauder - Photo
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  #1779  
Old Posted Oct 25, 2020, 5:48 PM
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Originally Posted by HomrQT View Post
Do his products flop? If not, then offering a successful product at reasonable costs will ensure he gets to continue producing less than stellar visuals. And he's been doing it for so long here I'm sure he has very wide reaching connections.
Sure, if buyers are not discerning then that is what they will get. But then there should be room for more alternatives that would provide a contrast. There are a few
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  #1780  
Old Posted Nov 10, 2020, 7:06 PM
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Minor activity on site. Truck brought some new rebar cages for piles on monday. Seem to be a small diameter compared to the current ones.
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