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-   -   CHICAGO | Post Office Redevelopment (https://skyscraperpage.com/forum/showthread.php?t=192697)

Jim in Chicago Jan 28, 2016 3:12 PM

Quote:

Originally Posted by Busy Bee (Post 7315542)
What difference does it make who the architect is, nothing is going to be built anyways. Why pay a top notch world class firm to play make believe when you can pay a hack much less to do the same?

Which also explains why those apartments look so God-awful bad. Someone spent like 5 minutes throwing something together.

Seems like this is just another delaying tactic to avoid losing control of the property.

rlw777 Jan 28, 2016 3:44 PM

Davies should have worked with Sterling Bay instead of whatever the f*** he's doing right now

SamInTheLoop Jan 28, 2016 4:08 PM

This is clearly no more real a proposal than the previous pie-in-the-sky 'proposal'. Obviously he was sent a message by the city that's it's time to do something with the property, and this is something he had his hackey lackey Antunovich whip-up to make it look like he's serious now about moving forward with something. Enough is enough. It's time for an actual ultimatum - you jv with (or preferably sell outright to) a credible established developer who wants to actually redevelop the building, or the city is taking the property. Deadline for a deal - June 30. July 1 legal filings begin for eminent domain, and once they start, there's no stopping it - it's over. I've had it with this schmuck........

I'm not crazy about the idea of the city controlling who gets the next crack at it (do I have to even mention block 37 history), but at this point the probability is very, very, very high that it will be a better scenario - potentially much, much better - than Davies continuing to own it........

Ryanrule Jan 28, 2016 4:51 PM

Just fucking take it from him. Give him a dollar.

Kngkyle Jan 28, 2016 5:51 PM

The building is set up perfectly for one use and one use only - a casino. The city/state desperately need the revenue and that area of downtown is not all that desirable for anything else. Then a few new condo/hotel/apartment towers along the river can probably work with the casino there bringing traffic and tourism to the area. I like what someone said in another thread - a 1920's prohibition/al capone era theme would be perfect fit for the building and city.

Just need a competent developer and the city/state to come to terms on splitting the revenue.

ChiTownWonder Jan 28, 2016 6:12 PM

Quote:

Originally Posted by DonMendigo (Post 7316075)
This X 1,000,000. Especially now that Davies has proven incapable of making anything viable happen here and let's the mofo burn once in a while. The city should just claim imminent domain and make a 1920's/Chicago gangster/prohibition themed casino

not a bad idea...

DePaul92 Jan 28, 2016 6:43 PM

Per DNAInfo, the apartment tower is planned at 100 floors.

Steely Dan Jan 28, 2016 6:54 PM

Quote:

Originally Posted by DePaul92 (Post 7316574)
Per DNAInfo, the apartment tower is planned at 100 floors.

of course it is.

:haha: :haha: :haha: :haha: :haha:

Jim in Chicago Jan 28, 2016 7:37 PM

Quote:

Originally Posted by DePaul92 (Post 7316574)
Per DNAInfo, the apartment tower is planned at 100 floors.

Only 100? Why not go for "world's tallest?" :rolleyes:

rlw777 Jan 28, 2016 7:50 PM

Quote:

Originally Posted by DonMendigo (Post 7316075)
This X 1,000,000. Especially now that Davies has proven incapable of making anything viable happen here and let's the mofo burn once in a while. The city should just claim imminent domain and make a 1920's/Chicago gangster/prohibition themed casino

Meh no thanks. I think I would rather have an empty building than an inevitably kitschy casino. Lately it seems 'Build a Casino' has become the Midwest quick fix solution to difficult economic problems. I would much rather find the right developer for the property than turn it into a 'themed' anything.

VKChaz Jan 28, 2016 9:05 PM

Quote:

make a 1920's/Chicago gangster/prohibition themed
Lord, No
(though am always a fan of the Art Deco scheme)

sentinel Jan 28, 2016 9:16 PM

^Relax, any desired redevelopment of this monster will go absolutely nowhere until the vast amounts of asbestos have been completely removed. Which will cost a fortune.

brian_b Feb 1, 2016 2:36 PM

The casino of the future will be a server farm. The clientele of physical gambling spaces become less and less desirable as the years go by. Let Hammond and Elgin deal with those problems. We don't need them here.

Edit:

http://money.cnn.com/2016/01/08/news...asinos-losses/
Quote:

Nevada's casino industry lost $662 million last year, and has been in the red consistently for six years. Things hit bottom in 2009 when the industry posted a staggering loss of $6.8 billion.
It's not that casinos don't bring in plenty of cash. Nevada's 271 casinos collected a hefty $24.6 billion in fiscal year 2015 (which ended June 30,) according to the state's Gaming Control Board. That's up from $21 billion in revenue for 2010.

The problem: Visitors are spending plenty on restaurants, booze and glitzy shows featuring Jennifer Lopez, Britney Spears and magician Criss Angel. But spending on actual gambling is way down, according to Mike Lawton, senior research analyst for the Gaming Control Board. And if people aren't gambling as much, that means they're not losing as much.

"The Strip is at an all-time high in revenue," he said, driven by hotel rooms, the second biggest spending category behind gambling, as well as retail and entertainment. "But gaming is lagging. That's why we're losing money."
Chicago already has all the restaurants and shows and hotels. What does a casino actually do when you already have that?

VKChaz Feb 1, 2016 3:10 PM

Quote:

Chicago already has all the restaurants and shows and hotels. What does a casino actually do when you already have that?
Presumably government revenue.
LV does provide a very unique entertainment offering with the abundance of performers/shows and even just the simple glitz of the strip. No city with gambling will replicate all that.

The Lurker Feb 1, 2016 4:14 PM

Why do I come here? Why do I even check this thread? :shrug:

ChiHi Feb 1, 2016 6:36 PM

Quote:

Originally Posted by Jim in Chicago (Post 7316656)
Only 100? Why not go for "world's tallest?" :rolleyes:


Why not just make it a 1,000 floors..... Both are just as likely.

marothisu Feb 20, 2016 6:25 PM

Looks like Rahm wants to take the Post Office from Davies

https://www.dnainfo.com/chicago/2016...-new-developer

Quote:

"The city has notified the building owner of its intention to acquire the vacant property and solicit bids to redevelop it," a statement from the office of Mayor Rahm Emanuel said Saturday morning.

The Community Development Commission will consider the proposals to seize the property via eminent domain and to issue a request for proposals on March 8. If they pass, the proposals will head to City Council. The request for proposals could be issued as early as spring, with a developer selected by summer.

The city said, "No city funds will be used to acquire or redevelop the building," though it did not provide additional details.

But the city said that the "blighted" property is deteriorating as it sits vacant, adding that it has been cited for 20 building code violations since 2012, including deteriorated building conditions, issues with fire prevention, electrical, mechanical and exhaust stems, and improper security standards.
Quote:

“Today’s action will accelerate the process of transforming the old Main Post office, which has sat empty for more than two decades, into an economic driver for the neighborhood and the entire city,” Emanuel said in the statement. “Development of this key gateway to the city can create thousands of jobs while rebuilding one of Chicago’s iconic structures.”

Kngkyle Feb 20, 2016 6:57 PM

Quote:

Originally Posted by marothisu (Post 7342825)
Looks like Rahm wants to take the Post Office from Davies

https://www.dnainfo.com/chicago/2016...-new-developer


:happybirthday:

:cheers:

k1052 Feb 20, 2016 8:18 PM

Yaaaasssss

Finally

LouisVanDerWright Feb 20, 2016 9:17 PM

Really fun to watch a speculator from out of town wall right into the whirling blades of the city that works. Shit or get off the pot Davies.


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