i don't see LY as a development that is "pushing out from downtown", but rather its own point of origin up on the northside.

i mean, if we just want to be needlessly pedantic about things, 5415 N sheridan (park tower condos) is at 1000 W, and has been standing there at 513' tall since 1973.

An excellent reminder of just how prolific post-depression economic expansions can be. Think of the skyline growth from 1950-1975. We could be 10 years into a cycle like that with another 10-15 coming...

Bring on the new Roaring 20's.

Not only that, but I thought it obvious you meant in the West Loop, where it has (had?) been notoriously difficult to build anything tall.

phase 1 was already approved by the plan commission and city council during rahms last few months. 2 buildings at once

Only thing that kinda blows about this project is that I just realized the location happens to be exactly where one of my favorite breweries is, that being Cruz Blanca! :( Other than that issue, I think it's a great development for the West Loop!

Aaron (Glowrock)

Wait. The plan is to tear down all the buildings on that block?! I assumed they were going build behind them, on Peoria.

Edit: according this this map, those buildings along Randolph are part of the historic designation: https://www.chicago.gov/content/dam/...Map_FINAL2.pdf

Yea, I believe someone up-thread clarified that this building's base will take up most of the block but be built around those buildings.

*Soaring*

?

Any updates for this site?

Bump

They're still working on securing financing. Potentially pursuing public sector financing in exchange for supplying affordable units on site.

What exactly is "public sector financing" again? I skipped that day of class. I'm sure it's a joke but I am all ears.

This is a little out of date, but sort of gets to the point of what developers could potentially do in the near future- basically supplying 20% affordable for a property tax break. If/when this happens (in whatever form), then they'll *likely* be looking for financing for the affordable part.

https://www.chicagobusiness.com/greg...incentive-plan

^^ Thanks ChiPlanner. Consider myself learned. I suppose that's a good effort.

Carry on.

This goes with my post from 725 W Randolph, but from what I heard at Related they plan to start construction on 900 W Randolph first, according to my source "within the next 2-3 months." Take this with a grain of salt of course, but it seemed to me like of the two major West Loop projects, this is the one that will be built first.

Can say with confidence it'll be no sooner than Q3

Maybe I misspoke when I "within," I meant to say after the next 2-3 months. (which lines up pretty closely with q3). Either way, the more important thing is that this will start before 725 Randolph.

I guess that makes sense, given that 725 is a "lifestyle" hotel and apartment project predicated on people wanting to cram into a fancy fitness club.

Equinox got fucked hard by covid. Everyone I knew who worked for Related/Equinox got laid off.