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  #1761  
Old Posted Jul 10, 2020, 7:19 PM
SamInTheLoop SamInTheLoop is offline
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Quote:
Originally Posted by Mr Downtown View Post
I was pretty dubious . . . but I did hear from someone (whom I thought was probably in a position to know) that one of the developer principals had lost two close family members to COVID-19.

Regardless of whether that was the real impetus for the shutdown, that is terrible, sad, and devastating.
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  #1762  
Old Posted Jul 10, 2020, 7:21 PM
SamInTheLoop SamInTheLoop is offline
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Originally Posted by Steely Dan View Post
It wasn't necessary or unnecessary.

He was simply offering HIS opinion.

As people often do on internet discussion forums.

The fact that it so clearly triggered you actually says volumes more.

Last sentence was my read on his reaction as well - seemed to be somehow weirdly politically triggered.
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  #1763  
Old Posted Aug 3, 2020, 8:21 PM
Ineffable Ineffable is offline
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Some activity on site today. Gravel path to the excavation and some diggers moving about.
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  #1764  
Old Posted Aug 4, 2020, 1:53 AM
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Are they filling the mat slab with sand?
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  #1765  
Old Posted Aug 4, 2020, 5:49 PM
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  #1766  
Old Posted Aug 4, 2020, 5:54 PM
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Steely Dan Steely Dan is offline
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^ very strange.

What IS going on here?
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  #1767  
Old Posted Aug 4, 2020, 6:18 PM
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Im hoping this is a good thing that maybe they're preparing to restart construction soon

But it could also be that they're preparing the site to be dormant for a little while longer.
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  #1768  
Old Posted Aug 4, 2020, 6:47 PM
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^ Another outdoor space, for 'virus dining, perhaps?
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  #1769  
Old Posted Aug 4, 2020, 7:02 PM
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Hmmm... I was wrong about a long stall when they covered the exposed rebar at Hudsons Site in Detroit, but that's just plastic covering the rebar... this is corrugated liners and crushed rock... Why would they fill in a (rather deep) excavated pile cap just to come back and dig it all out in a month to restart construction? Plastic bags over rebar columns cost little to nothing (pretty much just the labour) and can just be ripped off... crushed rock on the other hand... doesn't bode well.
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  #1770  
Old Posted Aug 4, 2020, 7:06 PM
Chi-Sky21 Chi-Sky21 is offline
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a very well supported parking lot.....
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  #1771  
Old Posted Aug 4, 2020, 7:48 PM
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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."
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  #1772  
Old Posted Aug 4, 2020, 7:49 PM
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Quote:
Originally Posted by Skyguy_7 View Post
^ Another outdoor space, for 'virus dining, perhaps?
Definitely - cages fro the small kids and teenagers that tend to spread disease even in the best of times.

Aug 8



or possibly trying to keep the tops from getting bent when they are buried for a few years.
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  #1773  
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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  #1774  
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.

Quote:
Originally Posted by SolarWind View Post
March 10, 2020

Also, FWIW in this picture from March (taken by Solar) I counted atleast 26 exposed drilled shafts.
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  #1775  
Old Posted Aug 12, 2020, 2:00 AM
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  #1776  
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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  #1777  
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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  #1778  
Old Posted Aug 15, 2020, 4:38 AM
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chris08876 chris08876 is offline
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Quote:
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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  #1779  
Old Posted Oct 6, 2020, 4:01 AM
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  #1780  
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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