^ Spec, or have they quietly landed tenants and financing?
|
Hopefully they've landed all of the remaining F500 HQs in the suburbs.
|
Quote:
|
Quote:
|
Quote:
Let's hope not! That would be an epic disappointment. I don't know if I ever mentioned it, but I believe CoStar (fully realize CoStar is loaded with all kinds of BS info all the time) early in the year had switched anticipated start date for 130 to June or July 2016.......who knows - it could just be that that was correct?....... This would be huge. There certainly are tenants out there that are looking for space - thinking mainly in the traditional office-using firm types - your law firms, professional and business services, etc - that would be the target tenants for this tower......... Fingers and toes crossed on this news!! |
Is the new building taking both lots (Wash to Randolph) or just the S lot (Wash to W Court) ?
|
They are digging today.
|
June 6, 2016
|
^ That ain't no parking lot getting built
|
|
This is going to be a stunner!
|
Somebody close by should go by the site and see if the workers have more info.
|
Wow, if this goes under construction this will be our second office - office - residential trio to be going up simultaneously in the confluence area (can we make this a hip new neighborhood brand?) this boom. The vacant lots are really drying up fast now!
|
Quote:
SSDD |
Couple weeks ago I was standing on Washington at that lot, looking north, thinking about how different the view would be in a few years. Really excited to see this one start.
|
I was told by someone at Tishman that they are finalizing construction drawing details by doing excavation work.
Honestly I don't really know what that means, Ill ask about when they are looking to break ground. |
Quote:
IMHO, a good sign, but not necessarily one that says that construction is starting in short order. SSDD |
of the three 700' boxes this is the one I'm most excited for!
|
Quote:
|
Quote:
Yes - please do! :) |
Quote:
Yes, this is indeed the question. My complete guess at the moment is that they have - or are nearing - deal(s) with one or two anchor tenants....... |
Quote:
Same here. Don't get me wrong - I very much like those others as well, but the design here really does it for me.......and, this is one that I think will truly make - in 3-4 years time - this boom feel 'complete' (along with confluence stuff/wolf point, Roosevelt/Michigan and Vista, among potentially a few others as well) and one of historical significance in the history of downtown Chicago's high-rise booms..... |
^ Yep, I'm pretty much there with you on this one.
|
6/7
https://c3.staticflickr.com/8/7387/2...e2dc49cf_c.jpg Old Chicago Stock Exchange parts https://c3.staticflickr.com/8/7309/2...096541e3_c.jpg |
River Point, 150, WPW and the Riverwalk extension - all special. 130 Franklin will be another great addition to the Confluence neighborhood. Glad it seems to be starting up now.
|
Quote:
|
Quote:
After this, what are the obvious sites for new office towers? There's General Growth.... maybe one or two River North sites including Wolf Point. Beyond that, developers will have to start looking westward for marquee projects, or maybe even southward or northward. Could the site at Canal/Kinzie conceivably be an office site? Or the Blommer Chocolate parking lot? |
The 311 S Wacker Parking lot and the parking lot just south of there on Van Buren.
|
Please have this one built, my favorite of the cycle by FAR.
|
^It's happening. They're digging up the old footings for the next 1-2 months and then banana time, I'm told. It's currently the same wrecking crew who took down the old Chicago Mercantile Exchange in '02. Go figure.
|
^^^ Excellent, could this be a rare example of a historically significant building was lost at replaced by something at least somewhat worthy of taking its place? Of course I would rather have the Sullivan, but this has the potential to at least be of similar quality and much higher use than the CDC building changing the whole sad saga from a total loss to a somewhat positive result since we can't go back and undo the original mistake.
Stay tuned to SSP to find out! |
^Unless we cause some confusion, I just wanted to point out that the building that was here before was the 1927 Chicago Mercantile Exchange designed by Alfred Alschuler and demolished in 2002.
|
^Thanks for clearing that up. I was confused as well. Sullivan's Stock Exchange was located at 30 N Lasalle.
^^Not all was lost.. Got a sweet charcoal grill stand out of the deal: https://c2.staticflickr.com/8/7325/2...f99d5da7_c.jpg |
Quote:
I've been asking around to some folks who would know, and was pretty much told same - this is for real, it's happening. I think we'll be hearing of at least a first anchor tenant deal soon - within the next couple months for certain, potentially within the next few weeks.....I've heard some names, don't want to reveal them (mainly because I don't want to jinx anything with this one!!).......good, good stuff..... |
Quote:
|
Quote:
General Growth is definitely an A+ riverfront site, as are the couple that Stunnies mentioned, toward the south end of Wacker - those two I think have been somewhat overlooked as most of the action obviously has been further north this boom....however, if you really think about their location, proximity to the train stations and Loop transit, they are really some truly prime sites (it's possible some sort of mixed-use is a possibility down there too. Then of course (I'm still very surprised Hines is opting to make the East Tower at Wolf Point residential instead of office.....such a strange choice) you have whatever happens with the South Tower at Wolf Point, which I'm assuming will be at least partly - or now maybe completely - office (office and hotel maybe?), that's although not quite as accessible as the others, still a very prime site just based on visibility, riverfront, views, etc)........you have sites still in the West Loop between the river and expressway, and there are in fact at least a couple less obvious sites (not thinking in terms of demolishing anything existing of actual significance) in the Loop proper.... Speaking of General Growth, I've seen a rendering - however I have no idea how recent/if current, etc - if it's something 'real' by an architect that's been commissioned or if it's just a quite good 'placeholder' for early marketing purposes or what have you.......I'm hoping it's real because my reaction was "yes, please"..........I no next to nothing as far as a prospective timeline, if they're serious about moving on it in the next few years, etc etc...... |
Quote:
SSDD |
^ That one is not likely to have a major office component, if any at all. Think retail, residential, hotel as the likely major program options there.......but it is indeed one of the absolute juiciest redevelopment sites in the Loop (along with 300 N Michigan - which would also heavily lean toward retail/resi/hotel and away from office - and potentially a couple others)....
|
Quote:
SSDD |
The funny part about the conversation people were having the other day about McDonalds locating in the West Loop is that it's quite clear the CBD has nowhere to go but West. Harpo is about the same distance from Union as the center of the Loop is, but much closer than any location in River North or South Loop. As such those areas are desirable for only retail/residential/hotel and not office. Things will start getting really interesting in the next boom when there will be almost no options for large new towers left East of the river and most of the lots between the river and freeway have been mopped up with econoboxes and medium sized hotels or residential. I've been saying this for years, but Chicago is rapidly spiraling towards the point where land is again scarce in the core and the only way to go is up or into previously undesirable neighborhoods. Who knows exactly how or where demand will manifest itself (McDonald's itself is a great example of the ability of markets to surprise), but it will sure be fun to watch. Let's hope this boom keeps rolling for a while longer and more surface lots continue to be gobbled up!
|
June 9, 2016
|
I can't recall, but is the parking lot (the one filled with cars) slated for development as well?
|
^^^ Yes, just go to page 1 of the thread and look at the renders.
|
Quote:
|
Quote:
Again - you really accelerate these things in your head - there's plenty, plenty of total sites east of the expressway for the next cycle as well......... |
Quote:
|
Quote:
The corner of Wabash and Adams: https://goo.gl/maps/WcAoueZBjAm The corner of Wabash and Van Buren has very large parking lots at 3 of the four corners: https://goo.gl/maps/QckqBqaWPo62 Just south of there is another opportunity with a parking lot and one story buildings; https://goo.gl/maps/jyHAz2pGkJR2 The corner of Wabash and Washington is a 3 story parking garage with first floor retail that is underutilized: https://goo.gl/maps/hFX91W4b4qR2 Just North is an empty parking lot which we just saw a proposal for: https://goo.gl/maps/j4DJwsL5XQG2 The 17th Church of Christ could also be redeveloped at some point (I know that a lot of people on here don't ever want to see it ever redeveloped but that doesn't mean it isn't a possibility): https://goo.gl/maps/ABDHqGJ1Gtq That's eight developable lots in either in or just outside the loop on Wabash alone. |
I don't disagree there are developable sites, but Wabash simply is not suitable for office, by the time you are the far East Harpo is as close or closer. McDonalds probably dropped their previous consideration in Illinois Center for that reason. Any site with a Wabash address is probably far more profitable as residential or hotel. Finally, just being vacant land doesn't make a site suitable for office. Office typically needs nice large square or rectangular parcels. A 75'x450' site crammed up against symphony center that also needs to accommodate symphony centers loading isn't going to be very efficient for office. It would be perfect for residential or hotel though. The near West Loop and West Loop is the last remaining area with a significant stock of big sites that's anywhere near Union and Olgavie.
|
Is the adjacent parking lot part of the site?
|
^ :D Oh no you didn't.....
|
All times are GMT. The time now is 5:41 AM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.