CHICAGO | Highrise Projects & Construction, v7 - Page 862

KWillChicago · #**17221** Posted **May 4, 2020, 3:13 AM**

Quote:

Originally Posted by spyguy

Motel One + large LA Fitness proposal for the Garvey Court site on Clark

That's a travesty compared to what could have been. Observatory tower.

Chisky · #**17222** Posted **May 4, 2020, 3:27 AM**

LA fitness + Motel One is such an interesting combo for that location. Isn’t there an LA fitness a few blocks away? And since when does Motel One do large urban hotels?

LouisVanDerWright · #**17223** Posted **May 4, 2020, 3:29 AM**

Quote:

Originally Posted by Zapatan

Why do they always save the cool/tall phases for last?

Very simple: land value increases exponentially as supply is depleted. It's not feasible to build a 800'+ tower in the middle of 60 acres of vacant land. But building one on the last parcel surrounded by a forest of 10-20 floor towers starts to look pretty attractive.

10023 · #**17224** Posted **May 4, 2020, 5:03 AM**

Quote:

Originally Posted by Chisky

LA fitness + Motel One is such an interesting combo for that location. Isn’t there an LA fitness a few blocks away? And since when does Motel One do large urban hotels?

It’s a pretty low end combo for the Loop.

But here we are heading into a huge recession. It would be better for development to pause completely for a couple of years, than to have remaining parcels of land developed in a subpar way and then be stuck with low quality building stock (like almost everything the Brits built in the 1950s, 60s and 70s).

harryc · #**17225** Posted **May 4, 2020, 10:07 AM**

Quote:

Originally Posted by 10023

It’s a pretty low end combo for the Loop.

But here we are heading into a huge recession. It would be better for development to pause completely for a couple of years, than to have remaining parcels of land developed in a subpar way and then be stuck with low quality building stock (like almost everything the Brits built in the 1950s, 60s and 70s).

You must not have be familiar with the food court it is replacing.

BuildThemTaller · #**17226** Posted **May 4, 2020, 1:13 PM**

Quote:

Originally Posted by 10023

It’s a pretty low end combo for the Loop.

But here we are heading into a huge recession. It would be better for development to pause completely for a couple of years, than to have remaining parcels of land developed in a subpar way and then be stuck with low quality building stock (like almost everything the Brits built in the 1950s, 60s and 70s).

Let's stop all development for a couple of years is certainly a take. There wouldn't be a construction industry left when you were ready to build again.

ardecila · #**17227** Posted **May 4, 2020, 1:47 PM**

Quote:

Originally Posted by Chisky

LA fitness + Motel One is such an interesting combo for that location. Isn’t there an LA fitness a few blocks away? And since when does Motel One do large urban hotels?

Motel One is a German chain that does nothing BUT large urban (budget-priced) hotels, usually transit-oriented. Here's the one at the Vienna train station.

Maybe you're thinking of Super 8 or Motel 6?

It makes sense they're looking to open on top of Chicago's busiest L stop...

west-town-brad · #**17228** Posted **May 4, 2020, 2:17 PM**

Quote:

Originally Posted by 10023

It’s a pretty low end combo for the Loop.

But here we are heading into a huge recession. It would be better for development to pause completely for a couple of years, than to have remaining parcels of land developed in a subpar way and then be stuck with low quality building stock (like almost everything the Brits built in the 1950s, 60s and 70s).

huge means length or depth?

Chisky · #**17229** Posted **May 4, 2020, 9:48 PM**

Absolutely was. Thanks for the clarification

Quote:

Originally Posted by ardecila

Motel One is a German chain that does nothing BUT large urban (budget-priced) hotels, usually transit-oriented. Here's the one at the Vienna train station.

Maybe you're thinking of Super 8 or Motel 6?

It makes sense they're looking to open on top of Chicago's busiest L stop...