Quote:
Originally Posted by RedCorsair87
It's amazing how quickly this is leasing up for a 2.5mil ft2 building. The updated estimated cost for rehabbing the OPO is up to $900 MILLION! I'm really glad this masterpiece is getting a new life and businesses are flocking to it, but for that price, someone could build a 1000ft+ office tower in the West Loop near Union Station. I know people have been saying that Chicago will never see a supertall office tower again, but the HQ relocations and Chicago's western shifting CBD might say otherwise in the future.
Thoughts?
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I think it depends on how fast the west loop fills up and whether the city will expand zoning for office buildings beyond the west loop. If commercial building is restricted to the current areas I can see a boom of supertalls in the next cycle or two.