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-   -   CHICAGO | The 78 Site (http://forum.skyscraperpage.com/showthread.php?t=233449)

Skyguy_7 Dec 12, 2019 7:20 PM

I can't imagine a professional marketing team would come up with the term "sidescraper"... :sly:

ardecila Dec 12, 2019 7:56 PM

Quote:

Originally Posted by Skyguy_7 (Post 8774101)
I can't imagine a professional marketing team would come up with the term "sidescraper"... :sly:

Eh, it gets the point across...

I assume Related is looking to ape the success of Merchandise Mart and Old Post Office. It makes sense from a development standpoint, this style of building is more cost-efficient than highrise (there is less cladding and core space per SF). You can even design it to be expandable, horizontally.

BuildThemTaller Dec 12, 2019 9:03 PM

https://i.pinimg.com/originals/65/e6...adc0ed5eb5.jpg

rgarri4 Dec 12, 2019 9:13 PM

I've heard the term land scraper before.

Sohcatoah Dec 12, 2019 9:25 PM

When I hear Sidescraper, I think the Zurich building:

https://claycorp.com/wp-content/uplo...rich-new-3.jpg

Anyone know how to resize something that isn't imgur?

BVictor1 Dec 19, 2019 8:05 PM

https://www.chicago.gov/city/en/dept...fo/the-78.html

LouisVanDerWright Dec 19, 2019 8:46 PM

I heard a rumour the other day from a credible source that Related has been shopping the 78 around because Lightfoot won't give them a TIF like Lincoln Yards. Anyone else heard this?

tjp Dec 19, 2019 8:49 PM

Huh. I thought the TIF was already approved?

Kumdogmillionaire Dec 19, 2019 8:54 PM

Quote:

Originally Posted by LouisVanDerWright (Post 8780600)
I heard a rumour the other day from a credible source that Related has been shopping the 78 around because Lightfoot won't give them a TIF like Lincoln Yards. Anyone else heard this?

https://chicago.curbed.com/2019/4/10...e-city-council

Rahm made sure that wouldn't be the case, so I don't believe that for a second.

BVictor1 Dec 20, 2019 12:41 AM

Quote:

Originally Posted by LouisVanDerWright (Post 8780600)
I heard a rumour the other day from a credible source that Related has been shopping the 78 around because Lightfoot won't give them a TIF like Lincoln Yards. Anyone else heard this?

Not that I've ever heard.

The new red line subway stop was approved today.

https://pbs.twimg.com/media/EMLbjxlUUAAk4wq.jpg

https://pbs.twimg.com/media/EMLbjxnU0AAPsli.jpg

BuildThemTaller Dec 20, 2019 1:50 AM

Cool! Just please please please do not call "The 78 Red Line" Stop. It's 15th Street.

SamInTheLoop Dec 20, 2019 4:47 PM

Quote:

Originally Posted by LouisVanDerWright (Post 8780600)
I heard a rumour the other day from a credible source that Related has been shopping the 78 around because Lightfoot won't give them a TIF like Lincoln Yards. Anyone else heard this?



A guess: This may be disinformation propagated by a rival developer (this is not to necessarily impugn your direct source....as we know disinformation can be more efficacious when amplified by unwitting participants). Perhaps you can think of one?


Or, maybe Related Midwest is looking to sell a stake, to bring in a big equity partner? That would make sense.

But an outright sale? It got its ~700 mil. TIF approved, and now the red line station. Granted, this project is much more deserving of TIF funds then say....just spitballing here - Lincoln Yards, which got a $1.3 bil. boondoggle. But a rumor of an outright sale doesn't smell right.

Baronvonellis Dec 20, 2019 5:06 PM

Yea, please don't call it the 78 red line. That is just confusing and weird. It's not 78th street! I think calling it 78 is dumb in the first place, no one cares that there's 78 designated community areas in Chicago, only a city planner would even know about that.

Handro Dec 20, 2019 5:12 PM

Quote:

Originally Posted by Baronvonellis (Post 8781420)
Yea, please don't call it the 78 red line. That is just confusing and weird. It's not 78th street! I think calling it 78 is dumb in the first place, no one cares that there's 78 designated community areas in Chicago, only a city planner would even know about that.

Agreed, hoping that title dies as the area becomes developed. Just call it River South or something.

gebs Dec 20, 2019 5:28 PM

Or SoRoNoChiTo

(South of Roosevelt but North of ChinaTown)

LouisVanDerWright Dec 20, 2019 7:00 PM

Quote:

Originally Posted by gebs (Post 8781445)
Or SoRoNoChiTo

(South of Roosevelt but North of ChinaTown)

Cermak Chinatown should be renamed "Chi Town"...

mark0 Dec 20, 2019 9:05 PM

Quote:

Originally Posted by Handro (Post 8781429)
Agreed, hoping that title dies as the area becomes developed. Just call it River South or something.

Agreed - the terrible naming of things in this city has to stop. Jane Byrn Interchange? Ida B Wells Drive? SoNo? The 78? Please just stop!

Mr Downtown Dec 21, 2019 1:06 AM

Quote:

Originally Posted by SamInTheLoop (Post 8781394)
maybe Related Midwest is looking to sell a stake, to bring in a big equity partner?

They already have one: General Mediterranean still has something like a 95% ownership. Related Midwest is just the "general partner," doing the development work for a distant investor-owner.

SolarWind Jan 10, 2020 4:43 AM

January 8, 2020


SamInTheLoop Jan 20, 2020 5:23 PM

Quote:

Originally Posted by Mr Downtown (Post 8781866)
They already have one: General Mediterranean still has something like a 95% ownership. Related Midwest is just the "general partner," doing the development work for a distant investor-owner.


Ah yes, of course......perhaps General Mediterranean than is looking to sell a stake? I wonder also what the status is of the lawsuit involving the early investors in the land/78 that were suing General Mediterranean?


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