CHICAGO | Riverline | 8 Towers | 600FT - 500FT(X2) - 380FT(X2) - 242FT(X2) - 300FT~

[LouisVanDerWright]

The River City sale is great news, the original condo conversion was badly botched and it's really not a building that should have been condo'd in the first place. This allows some seriously interesting possibilities for the property. With Marc in control of the whole property they will be able to finally unlock the potential of the retail mall which has been severely limited by the bitchy condo association and years of being an island in the middle of a giant vacant lot. With a new development in the works surrounding this property promising a large expansion of Riverwalk, suddenly this huge block of retail is no longer marooned with NIMBY neighbors. I would love to see the Riverwalk connect through the atrium of this building creating a unique, year round, retail center fed on both ends by Riverwalk traffic.

[Joe Zekas]

Ancora, Phase I of Riverline by YoChicago, on Flickr

[Jim in Chicago]

Originally Posted by Joe Zekas

Ancora, Phase I of Riverline by YoChicago, on Flickr

Really growing now. Anyone have an estimate as to what percent of the total height this is?

[Kumdogmillionaire]

That should be close to topped off. Maybe one or two more floors at the most

[Stunnies23]

Originally Posted by Kumdogmillionaire

That should be close to topped off. Maybe one or two more floors at the most

According to my tradesman friend who is working on the building, the topping off ceremony is today!

[Kumdogmillionaire]

Originally Posted by Stunnies23

According to my tradesman friend who is working on the building, the topping off ceremony is today!

Fantastic! Hopefully that means the next one can start soon! Ask him if he knows anything about the next building's timeline if you could, thanks!

[SolarWind]

November 22, 2017

[donnie]

Beautiful pic of the Sears tower! That son of a bi.. just demands respect like a lion amongst its offspring!

Merry Xmas to all.....

[Randomguy34]

In case y'all were still wondering...

Reader: River City HOA Approves Sale to Marc Realty for $100 Million
A reader writes:

Last night (12/19) the Board of Directors of River City’s owners’ association approved the sale of all of River City condominiums to Marc Realty Capital for $100 million.

http://www.sloopin.com/2017/12/reade...s-sale-to.html

[harryc]

Jan 1

[BVictor1]

It's a bit more visually stubby than I'd like to see.

[wchicity]

Any idea when the next phases are supposed to start?

[ithakas]

I saw a couple excavators moving dirt around on the northern half of the site pretty far from Ancora earlier today – my guess is they're getting started on the park and riverwalk now.

Also, unrelated, but I saw a cherry picker next to the Jos Cacciatore sign on the north side of the Hunter building across the street. Hopefully they were just cleaning it or replacing bulbs and not dismantling it, as I really dislike the proposal for that block we saw a couple years ago...

[Stunnies23]

Originally Posted by Kumdogmillionaire

Fantastic! Hopefully that means the next one can start soon! Ask him if he knows anything about the next building's timeline if you could, thanks!

Bad news He said that there is no timeline or firm plans to begin construction of the next tower as of now. They’re going to do some excavation and dirt moving to get ready for when they get the financing / approval for the next one, but caissons are on hold until then. He said some of the riverwalk / park should start after the heart of winter is over.

[KWillChicago]

Didnt someone say the townhouses on the south end was the next phase? I thought i remembered reading that.

[ithakas]

Originally Posted by KWillChicago

Didnt someone say the townhouses on the south end was the next phase? I thought i remembered reading that.

I think the next building was to be a smaller condo tower on the south end. But work on the park for the north end is great news.

[ardecila]

Originally Posted by KWillChicago

Didnt someone say the townhouses on the south end was the next phase? I thought i remembered reading that.

Ancora has liner townhouses... if those aren't selling very well, they might have moved up another apartment or condo tower to start first.

[Jim in Chicago]

Originally Posted by ardecila

Ancora has liner townhouses... if those aren't selling very well, they might have moved up another apartment or condo tower to start first.

Are they actually selling anything? The website still has nothing but a "sign up for more information" page. I've signed up multiple times and haven't even received an acknowledgement.

[ardecila]

If I had to guess, they’ll probably wait to sell townhouses (or even finish them from raw) until the first landscaping package is done. If you’re selling park and river views, I don’t think buyers will be happy to have to look out on a dusty lot for another two years after they close.

[the urban politician]

Originally Posted by ardecila

If I had to guess, they’ll probably wait to sell townhouses (or even finish them from raw) until the first landscaping package is done. If you’re selling park and river views, I don’t think buyers will be happy to have to look out on a dusty lot for another two years after they close.

Agree. From a business standpoint the housing market has been on the rebound for a while and I think it makes sense to sell townhomes until the rental market absorbs some of this excess inventory.

I would wait a full year before starting another rental tower.