CHICAGO | One Chicago | 971 FT & 574 FT | 78 & 49 FLOORS

[r18tdi]

Originally Posted by lakeshoredrive

i wish we could take 74 feet from the the 574 feet tower and use that to increase the 969 feet tower to 1,043 feet tower so we can get another 1000 feet skyscraper lol

Comments like these are starting to get really tedious.

[harryc]

March 19

Arborcidal maniacs


De-Fence

[donnie]

Can we get OCS render on the main page now plz?

[Blahshead]

Here's the financing info broke down by lender:

1. Bank OZK - $475m
2. Square Mile Capital - $260m
3. Wanxiang - Not specified in this article (but guessing less than $115)
4. JDL is likely financing some of the project with their own equity (unspecified)

Total financing - $850m

https://therealdeal.com/chicago/2019...ge-of-backers/

[the urban politician]

Originally Posted by Blahshead

Here's the financing info broke down by lender:

1. Bank OZK - $475m
2. Square Mile Capital - $260m
3. Wanxiang - Not specified in this article (but guessing less than $115)
4. JDL is likely financing some of the project with their own equity (unspecified)

Total financing - $850m

https://therealdeal.com/chicago/2019...ge-of-backers/

Likely when completed this complex will easily be worth north of $1 billion.

Of course, that's including the 10 story podium with office and retail, parking, and of course 2 towers. I'm pretty sure that upon exit, the developers will split these up into separate PINs and separate sales, which will naturally generate them even more $$$$

[BVictor1]

03/20/19

I happen to run into Alderman Hopkins while taking images. He was at the cleaners as I passed by and actually had a rendering of the project with him, showing the owner of the cleaners.

The southern wall won't be blank.













P.S. - don't think Lincoln Yards can't be amended in the future to re-increase height.

[Blahshead]

Originally Posted by the urban politician

Likely when completed this complex will easily be worth north of $1 billion.

Of course, that's including the 10 story podium with office and retail, parking, and of course 2 towers. I'm pretty sure that upon exit, the developers will split these up into separate PINs and separate sales, which will naturally generate them even more $$$$

Very cool. I wish we had access to the loan agreements to see what sort of covenants there are, timetables, etc.

[kolchak]

Do any informed formers here have an accurate number for square footage of the towers and podium/mixed use? Thanking you in advance :-)

[BonoboZill4]

Soon...

[BuildThemTaller]

^

Every time someone complains about how there are too many blue boxes being built, I want them to look at this picture. It will take 20 more years of blue boxes to make a dent.

[HomrQT]

OCS might replace the Trump Tower as my favorite building in this city. So looking forward to seeing the final product and if it stands up to the renders.

[Goose Island Guru]

Originally Posted by Steely Dan

except that according to news reports, the $850M construction loan for the whole enchilada has already closed.

if that's in fact true, then the construction of this project will be well insulated from the whims of the economy.

these guys are pros. this isn't another Kelleher or Teng "start digging and hope you find money" fiasco in the making.

The project is being built all at once. No splits. No phases. No stopping.

[IrishIllini]

Originally Posted by BuildThemTaller

^

Every time someone complains about how there are too many blue boxes being built, I want them to look at this picture. It will take 20 more years of blue boxes to make a dent.

Agreed. This is a "blue box" I'm happy to see.

[Skyguy_7]

Originally Posted by HomrQT

OCS might replace the Trump Tower as my favorite building in this city. So looking forward to seeing the final product and if it stands up to the renders.

If you're talking about favorite *new* building, I concur. I have an extreme soft spot for Art Deco (Carbide and Carbon & CBOT are my favorite in the city) and this is as close as it gets in the 21st century.

[Steely Dan]

Originally Posted by Goose Island Guru

The project is being built all at once. No splits. No phases. No stopping.

thanks. good to know.

the phasing issue was brought up because of this line from the curbed article:

Construction on One Chicago Square is expected to take up to 42 months and will be completed in three phases, according to Hopkins.

according to that, alderman hopkins seems to think it'll be phased, but i'm guessing something was just lost in translation here.

[Hudson11]

Originally Posted by Skyguy_7

If you're talking about favorite *new* building, I concur. I have an extreme soft spot for Art Deco (Carbide and Carbon & CBOT are my favorite in the city) and this is as close as it gets in the 21st century.

I could think of a few better ones. Maybe for Chicago its the closest, but it still leans heavily towards the ultramodern.

You should check out this project if you want to see real art deco in the 21st century: http://forum.skyscraperpage.com/showthread.php?t=226158

[r18tdi]

Phasing comment is odd. Perhaps Hopkins meant "phases" like demo, foundation, superstructure, etc?

[BVictor1]

Originally Posted by Steely Dan

thanks. good to know.

the phasing issue was brought up because of this line from the curbed article:



according to that, alderman hopkins seems to think it'll be phased, but i'm guessing something was just lost in translation here.

Maybe there was confusion because of base, tower, tower... Three parts.

Who cares though as financing has been had.

[bhawk66]

Originally Posted by BuildThemTaller

^

Every time someone complains about how there are too many blue boxes being built, I want them to look at this picture. It will take 20 more years of blue boxes to make a dent.

Luckily in twenty years the blue box phenom will be hopefully behind us. Thank god.

[HomrQT]

Originally Posted by Skyguy_7

If you're talking about favorite *new* building, I concur. I have an extreme soft spot for Art Deco (Carbide and Carbon & CBOT are my favorite in the city) and this is as close as it gets in the 21st century.