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  #541  
Old Posted Aug 30, 2019, 9:36 AM
RedCorsair87 RedCorsair87 is offline
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I was thinking the same thing yesterday. Something 900-1000+ ft would look great popping up behind 110 when viewed from the west. I'm sure that is the least of the developer's concerns though.
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  #542  
Old Posted Aug 30, 2019, 12:44 PM
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It is prime real estate, 750' seems like a waste.
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  #543  
Old Posted Sep 5, 2019, 8:56 PM
SamInTheLoop SamInTheLoop is offline
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Originally Posted by aaron38 View Post
Here's my latest thought on this. I bet the original proposal for this expected to have guaranteed views to the west on the upper floors. But now, 110 Wacker is there at 814ft.

To me, this site now makes better economic sense as a supertall that breaks out above the 800' plateau. I wonder if they'll consider this, or forge ahead as essentially infill. 750' infill, but yeah.

Edit: I'm going to throw this out there. THIS would make an awesome casino site. With a tapering supertall above. It's got location.

What Tishman Speyer should do here - I think I may have mentioned before - is pull the tower to the northern edge of the site. I think this would provide the best views in aggregate and specifically provide better westward views - for at least the northern half-or-so of the repositioned tower.

I think that I recently read they have a brand new head of development for Chicago.....so maybe if they reassess a little, they’ll come to this conclusion as well.
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  #544  
Old Posted Sep 5, 2019, 9:03 PM
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Originally Posted by Zapatan View Post
It is prime real estate, 750' seems like a waste.
Exactly how "prime" is this real estate?

One of the longest economic expansions in recent memory, record downtown job growth, low interest rates, a rebirth of companies and people moving downtown, and they still couldn't get this shit off the ground?

Hell, the Old Post Office got sold posthumously by a halfwit landbanker in Britain, got a $1 billion loan, and is now sopping up tenants like the world outside the OPO is about to end.

That huge albatross should never have made it out of the abyss, but a bunch of New Yorkers had vision and are rebuilding it into what will certainly be one of downtown Chicago's most valuable assets.

Meanwhile, these clowns who own 130 N Franklin can't get this one project off the ground.
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  #545  
Old Posted Sep 5, 2019, 9:32 PM
SamInTheLoop SamInTheLoop is offline
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Originally Posted by the urban politician View Post
Meanwhile, these clowns who own 130 N Franklin can't get this one project off the ground.

Yeah....they really have no one but themselves to blame. It’s been a D- effort to-date at best.
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Last edited by SamInTheLoop; Sep 6, 2019 at 9:13 PM.
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  #546  
Old Posted Sep 5, 2019, 10:51 PM
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Originally Posted by the urban politician View Post
Exactly how "prime" is this real estate?

One of the longest economic expansions in recent memory, record downtown job growth, low interest rates, a rebirth of companies and people moving downtown, and they still couldn't get this shit off the ground?

Hell, the Old Post Office got sold posthumously by a halfwit landbanker in Britain, got a $1 billion loan, and is now sopping up tenants like the world outside the OPO is about to end.

That huge albatross should never have made it out of the abyss, but a bunch of New Yorkers had vision and are rebuilding it into what will certainly be one of downtown Chicago's most valuable assets.

Meanwhile, these clowns who own 130 N Franklin can't get this one project off the ground.

A damn shame it is...

I wonder if it's costing them to hold onto the site, or if they could just sell it to someone else?
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  #547  
Old Posted Sep 25, 2019, 8:05 AM
Dylan Dude Dylan Dude is offline
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Imagine how awesome a 1,200 footer would look here! Omg! Would help close the gap from Willis Tower to all the other supertalls. Ugh. I hope this doesn't get built so the lot can be saved for a supertall
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  #548  
Old Posted Nov 26, 2020, 7:21 PM
Chicagolover88 Chicagolover88 is online now
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So is this like completely canceled now?
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  #549  
Old Posted Nov 27, 2020, 4:35 PM
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Originally Posted by Chicagolover88 View Post
So is this like completely canceled now?
Why?
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  #550  
Old Posted Nov 27, 2020, 7:03 PM
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I mean I think it's exactly where it was a year ago...and the year before that...it was never really *fully* alive so it could have been "canceled" a while ago, but AFAIK Tishman Speyer is still holding on to it...which has to mean...something, right?

I will say, that I think the fact that TSP is developing 320 n. Sangamon was them kinda, for lack of a better word, gauging the Chicago office market (pre-pandemic). Obviously, TSP is experienced, but they have little development in Chicago. How what's going on right now affected this? IDK.

Also, now that Riverside has developed pretty much all their loop properties (that we know of) there could be more interest in this property; this could also be why Murphy wants to move ahead with 301(?) s. Wacker.
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  #551  
Old Posted Nov 27, 2020, 11:23 PM
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I imagine this site will be back in play for the next trophy office tower, whenever the office market recovers. I like the chances. It's really one of only a tiny handful of sites in a strong location where you can do a big tower and give it some breathing room with park/plaza.

301 S Wacker I am skeptical about. It has that Wacker Drive address, but in other respects it's kind of a ho-hum site for highrise development. In order to get respectable floorplates they need to sandwich the new building up against 311 awkwardly and eliminate all the open space. I honestly think that might be a better site for a hotel - they can offer bundle deals with the Skydeck and do a more slender building, kind of like how the Hotel Palomar building on State sidles up to the AMA Building. Pre-Covid there was some pretty strong hotel growth in the Central/SW Loop with JW Marriott, Hyatt Centric, etc.

Residential might work at 301 as well, but I think 255 W Van Buren cast a negative light on SW Loop residential. Things may be different with the OPO re-opened, though.
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  #552  
Old Posted Nov 28, 2020, 7:06 PM
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Originally Posted by ardecila View Post
I imagine this site will be back in play for the next trophy office tower, whenever the office market recovers. I like the chances. It's really one of only a tiny handful of sites in a strong location where you can do a big tower and give it some breathing room with park/plaza.
I'm kinda glad they're not jumping the gun and wasting the site on some 700+ box at the moment. Hopefully they'll build something more worthy when the time comes.
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  #553  
Old Posted Nov 28, 2020, 9:36 PM
Toasty Joe Toasty Joe is online now
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a 1000+ footer here and a 1300+ thompson center redevelopment would do wonders in filling out the skyline. Seems like two of the last lots with the potential to balance out sears in the loop and connect it with the northern supertalls of the skyline... at least before parking garages start getting torn down.
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  #554  
Old Posted Nov 29, 2020, 12:28 AM
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Originally Posted by Toasty Joe View Post
a 1000+ footer here and a 1300+ thompson center redevelopment would do wonders in filling out the skyline. Seems like two of the last lots with the potential to balance out sears in the loop and connect it with the northern supertalls of the skyline... at least before parking garages start getting torn down.
100% agree. 130 site is prime for a supertall
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