CHICAGO | Chicago Spire | 610 M / 2,000 FT | 150 FLOORS | NEVER BUILT - Page 122

Zapatan · #**2421** Posted **Apr 21, 2014, 6:20 PM**

Quote:

Originally Posted by UPChicago

They didn't get a full construction loan at the time only a partial loan. The building was marketed to wealthy foreigners last go around and sold a fair percentage of units but the construction was not financed completely.

Ah okay so it probably won't be too easy to get this thing off the ground again, figures.

UPChicago · #**2422** Posted **Apr 21, 2014, 6:27 PM**

Quote:

Originally Posted by Zapatan

Ah okay so it probably won't be too easy to get this thing off the ground again, figures.

It certainly won't be easy but it also is not impossible. I would practice cautious optimism. If Atlas is serious and is truly investing $100+ million in this project as originally designed then I believe there is some hope for this project, again doesn't mean it will happen.

Onn · #**2423** Posted **Apr 21, 2014, 7:19 PM**

Quote:

Originally Posted by Zapatan

Ah okay so it probably won't be too easy to get this thing off the ground again, figures.

Things were going well last time, the only reason they couldn't get another loan is because the real estate market crashed. 2008 remember? That should not be a problem this time around as prices are not elevated like they were last time due to bad loans. Shelbourne and Atlas have said nothing about "won't be too easy..." please please STOP speculating.

Zapatan · #**2424** Posted **Apr 21, 2014, 9:53 PM**

Quote:

Originally Posted by Onn

Things were going well last time, the only reason they couldn't get another loan is because the real estate market crashed. 2008 remember? That should not be a problem this time around as prices are not elevated like they were last time due to bad loans. Shelbourne and Atlas have said nothing about "won't be too easy..." please please STOP speculating.

There's nothing wrong with speculating but I think we just all need to put this on the backburner and pretend it doesn't exist until there's real news, myself included.

r18tdi · #**2425** Posted **Apr 21, 2014, 10:20 PM**

Quote:

Originally Posted by Zapatan

myself included

Thank. God.

Zapatan · #**2426** Posted **Apr 21, 2014, 10:38 PM**

Quote:

Originally Posted by r18tdi

Thank. God.

Oh be quiet, I'm not the only one.

harryc · #**2427** Posted **Apr 21, 2014, 10:45 PM**

Chi-Sky21 · #**2428** Posted **Apr 22, 2014, 1:05 AM**

Are those FRESH tire tracks in front of the hole? 8) I KEED I KEED!

harryc · #**2429** Posted **Apr 22, 2014, 1:34 AM**

Quote:

Originally Posted by Chi-Sky21

Are those FRESH tire tracks in front of the hole? 8) I KEED I KEED!

From last month - the gates have been manned for the past few months.
There is also traffic to the bridge houses on this level for maintenance/repair.

Guiltyspark · #**2430** Posted **Apr 24, 2014, 3:21 AM**

Quote:

Originally Posted by harryc

There is potential for strangeness at this site. "I live in the three story condo next to freaking tallest building in the United States."

Chi-Sky21 · #**2431** Posted **Apr 24, 2014, 3:25 AM**

I have thought that many times, i can't think of another super tall being right next to such low rise buildings....imagine going on to your rooftop deck and looking straight up at a 2000 ft building! crazy.

N830MH · #**2432** Posted **Apr 25, 2014, 4:25 AM**

Quote:

Originally Posted by BrownTown

And then went bankrupt...

Oh, wow! What happened? What is going on?

How they will get the money? It's broke. There is no fund?

LouisVanDerWright · #**2433** Posted **Apr 25, 2014, 4:31 AM**

Quote:

Originally Posted by N830MH

Oh, wow! What happened? What is going on?

How they will get the money? It's broke. There is no fund?

The answers to your questions are: Yes, maybe, No, Kinda

Jake Schwartz · #**2434** Posted **Apr 29, 2014, 1:59 PM**

Did anyone who saw the movie "Divergent" notice toward the beginning that the camera swept inbound from Navy Pier right past the Spire site and the open hole was "still" there? I was surprised that they hadn't inserted any sort of fictional structure over the spot. Apparently the Spire doesn't exist, even in a dystopian future. Go figure.

Jake Schwartz

patrick84 · #**2435** Posted **Apr 29, 2014, 7:29 PM**

The North One · #**2436** Posted **Apr 29, 2014, 7:41 PM**

Quote:

Originally Posted by Zapatan

It hurts me to look at that picture, Chicago's very own Shanghai World Financial Centre

Depending on how the facade turned out, it would have looked a lot classier too.

Can Kelleher just abandon the spire and take up that project, it would be much more feasible to be built.

Onn · #**2437** Posted **Apr 29, 2014, 8:07 PM**

Quote:

Originally Posted by The North One

Depending on how the facade turned out, it would have looked a lot classier too.

Can Kelleher just abandon the spire and take up that project, it would be much more feasible to be built.

Dude, the Spire is getting built. Stop complaining. Have you not been following the news lately?

guesswho · #**2438** Posted **Apr 29, 2014, 8:21 PM**

Quote:

Originally Posted by patrick84

I can see my house! Glad to see it's still standing in the near dystopian future!

Zapatan · #**2439** Posted **Apr 29, 2014, 10:01 PM**

Quote:

Originally Posted by The North One

Depending on how the facade turned out, it would have looked a lot classier too.

Can Kelleher just abandon the spire and take up that project, it would be much more feasible to be built.

I agree, I think he should just build a ~1500 foot waldorf astoria on the site.

Quote:

Dude, the Spire is getting built. Stop complaining. Have you not been following the news lately?

Well I wouldn't be that optimistic, despite the good (or rather neutral) news there are still a lot of hurtles, also a lot of money needed that isn't just going to appear out of nowhere (most importantly)

chris08876 · #**2440** Posted **Apr 29, 2014, 10:03 PM**

^^^^^

An international financier would be nice. Man, where are the Sheiks or Chinese when you need them.