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Can an admin give this thread a Chicago tag? Also, the Chicago Economic News thread as well, please and thank you!
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But to answer your question, if anything is built to the north of NBC tower, yes they would be able to put a lowrise portion of it within the confines of the view corridor in order to meet up with the NBC tower party wall. Its much like 465 N Park, the tower portion is to the north of the lot, with a lowrise section in the view corridor that meets up with the lowrise base of the Loews Hotel. |
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Looking at the site on Streetview from LSD and Columbus, they could build a lowrise on the southern portion of the lot up to about 5 stories before they infringed on views of the tower itself. They'd only be blocking the old printing building.
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So... are we looking at Chicago's version of 432 Park here? Unfortunately, I don't want to be a wet blanket, but I think we're looking at a market reckoning before this one can possibly hit its pre-sale numbers and secure financing, especially with so much else in the pipeline. :runaway: |
It's only 158 condos. Selling 50 units in the heart of Chicago doesn't sound too hard.
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This is dope, can't wait to see the renderings. Also there is no way they keep it one foot smaller then the trump tower. :haha:
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The Curbed article says the new tower wouldn’t begin construction until completion of the Tribune Tower conversion, which it reported as taking 3 years. It’s already underway, having started in October 2017, meaning completion in 2020. So that would mean this potential supertall won’t get underway for a couple more years? One Chicago Square seems to be the exact opposite, working in a much more expedited manner... a lot can change with the economy over that extended timeframe.
Tribune Tower condo conversion, supertall addition in the works Quote:
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Adrian Smith !!!
I'd be more excited about this than any of the others in Chicago going up. |
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If it was no problem then we'd have supertalls springing up at the rate of a few per year every year, and we don't. |
Tribune Tower deserves its own thread
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O'Reilly also emphasized, that as a slender tower, it will have less density, mitigating the impact on the neighborhood. It's just off Michigan Avenue. This would be such a great addition, assuming the design is up to spec. |
Chicago is starting to get ballsy again with the supertalls. Maybe like a second supertall cycle like the early 70s?
How about Wolf Point 3 stretching about 50 feet and Related with an announcement on the Spire site. Sorry, getting greedy. |
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It seems the developers have already acknowledged this, hence why it wouldn't start until after 2020 when the Tribune Tower conversion is complete. There's a lot on the pipeline now, and rents are slowing downtown since renters have a lot more choice. Add in the fact that we may be nearing a recession in the next 24 months, planning for delivery in 2022 or after makes sense. Its getting built, just not in this real estate cycle. |
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Thats the hope anyway. :yes: |
Question for the industry folks - has there been some recent leap forward in technology that makes these tall, narrow residential buildings much easier and cheaper to build?
They seem to have sprouted all over Midtown in a short span of time, and now there are like half a dozen active supertall developments or proposals in Chicago. |
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