Another article from yesterday as a follow-up to the one above. Hines is stating that their leasing efforts on the tower are behind by a good 18 months as a result of the pandemic. My take is that they are obviously behind, however that may be an exaggeration as of present at least. (managing expectations?)...given we're only a year into the pandemic (in terms of significant impacts within the US.
I've pointed this out before, and it very well looks like this might be quite fortuitous for this tower given covid: this project has always had a very long timeline. IIRC I think it's more-or-less always been scheduled to deliver around mid-2023. That's ~2.4 years from today and the core is already probably 175' high with steel now going up. Perhaps some more complex site work might here get you up to 3-4 mo. max? more than similar scale office towers, but that doesn't explain the deviation here.
At any rate, this additional 2-3 quarters should help w leasing!
https://chicago.suntimes.com/busines...l-estate-costs