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All the contractors from the 150 N Franklin project have been parking in this lot. It's jammed with contractor vans whenever it's not closed for proding around. They are probably just trying to squeeze every last penny out of the land while they get their ducks in a row.
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^ No doubt. I'm 95% sure they have their tenant(s) (must be worst kept 'secret' in some time in local commercial real estate) and likely even in final stages of wrapping their financing....I'm actually at site right now...it's national wrecking crew still in southern lot with the dozer....at the moment he's scraping the lot flat with a big steel plate.....(early prep for caisson work?).....
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This buildings design definitely would make it one of the if not best looking office tower built in the loop.. Hope it starts soon
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November 17, 2016
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ughhhhh, stop teasing us and start drilling already.
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Uh ohh...this could be big trouble for this project...Excerpt from Crains...
Sidley Austin is staying put after mulling new space "Chicago-based Sidley is believed to have mulled moving to multiple developments, including Tishman Speyer Properties' proposed tower at 130 N. Franklin St. and Howard Hughes Corp.'s planned high-rise on the site at 110 N. Wacker Drive where General Growth Properties' low-slung headquarters now stands." http://www.chicagobusiness.com/reale...ews-loop-lease |
^ Really thought Sidley would end up going here. They surely got a very attractive deal to stay at 1 Dearborn.....oh well, it will be one of the 3-4 other big tenants out there shopping that will anchor 130 Franklin......still don't expect it to be long to learn who that is.....
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Fantastic. |
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No idea, but I'd be willing to bet that Sidley's feeling pretty happy with it.... |
..crosspost..
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^ I want - and it seems you do as well - 130 N Franklin to be the next major tower to launch. But it could very well be that BofA sees 110 N Wacker as it's best fit. The article doesn'mention the timeline BofA has for occupancy of its new space, so the 3-4 years for 110 could even potentially work better than the 2-3 for 130.....also, it could be that the more prominent visibility of the 110 site, better light and view conditions from it give 110 an edge from BofA's perspective.....
There are a couple other big potential anchor tenants out there shopping in the market right now that Tishman can land to launch 130 should BofA takes a pass..... |
This is exciting stuff
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^^Been dreaming about 130 N Franklin for too many years for 110 to jump right in front of it like some kind of entitled youth! You wait your turn, 110, you're sexy too, but you have to work for it and earn your place in our skyline.
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I don't know, i would rather have 110 AND the next wolf point to kick off. Time to zipper up all the empty lots on the river!
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BofA for 110 Wacker please. 130 is nice, but the river site is much more appealing
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110 can't start until at least 2019 because of GG's lease.
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Willis Tower doesn't have any large blocks of contiguous space available for a year or two. We'd wanted to bring another 400 or so workers into the Tower and were looking to boost our space by another 100,000 or so square feet. There was zero availability within the next year or two for large contiguous spaces (so nothing north of 200,000) and the unoccupied spaces were not that attractive. If they're going to try and shoehorn 500,000 square feet worth of space into Willis Tower then it's going to likely be in scattered spaces unless they wait a few years for non-renewing tenants (not sure who, United is that largest tenant atm with about 900,000 square feet leased). |
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