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-   -   CHICAGO | 130 N Franklin | 751 FT | 51 FLOORS (https://skyscraperpage.com/forum/showthread.php?t=199537)

Zapatan Nov 27, 2022 3:45 AM

Quote:

Originally Posted by Randomguy34 (Post 9800160)
No, people on the forum just wished it would be taller

True, while we've never heard an official figure higher than 750', most of it is speculation that Chase wouldn't build a shorter tower than the one they already have.

But of course we don't even know if Chase is anchoring it anyway so...

build_tall_chicago Nov 27, 2022 6:54 AM

There are 2 sites closeby right? One is a parking lot and another is where the old CME building was? Or is it just 1 site including both?

gandalf612 Nov 27, 2022 7:47 AM

How the lower terrace spills out onto the street is really fucking cool, imagine if this was on the river and continued into a Riverwalk

JMKeynes Nov 27, 2022 4:02 PM

Quote:

Originally Posted by Zapatan (Post 9800216)
True, while we've never heard an official figure higher than 750', most of it is speculation that Chase wouldn't build a shorter tower than the one they already have.

But of course we don't even know if Chase is anchoring it anyway so...

I don’t see JPMC anchoring a new large tower in Chicago. If they were serious, it would have happened by now. Obviously, they’re spending billions on new NY development, but there focus outside of NY seems to be on Texas (like everyone else).

Bonsai Tree Nov 27, 2022 4:24 PM

Quote:

Originally Posted by JMKeynes (Post 9800336)
I don’t see JPMC anchoring a new large tower in Chicago. If they were serious, it would have happened by now. Obviously, they’re spending billions on new NY development, but there focus outside of NY seems to be on Texas (like everyone else).

And your evidence to support this is?

It's pretty clear Chase has been shopping around Chicago for new space, but whether they move is still unclear. If they stay in Chase tower it'll definitely need a new renovation to stay competitive compared to BOA and BMOs new towers.

I'll repost this article about the search again-
https://www.chicagotribune.com/busin...m6y-story.html

marothisu Nov 27, 2022 4:27 PM

Quote:

Originally Posted by JMKeynes (Post 9800336)
I don’t see JPMC anchoring a new large tower in Chicago. If they were serious, it would have happened by now. Obviously, they’re spending billions on new NY development, but there focus outside of NY seems to be on Texas (like everyone else).

Uh, their focus is on many locations around the US. They have hired thousands of people quietly in Chicago since early 2021. To every large company, there's way more that goes on outside of whatever you hear on the news. I have it on VERY good authority that they're actively considering building a new tower in Chicago right now. Hopefully something will be decided/announced soon enough. You could not be any more wrong on what you have said regarding the company and Chicago.

Steely Dan Nov 27, 2022 4:29 PM

Quote:

Originally Posted by JMKeynes (Post 9800336)
I don’t see JPMC anchoring a new large tower in Chicago. If they were serious, it would have happened by now.

"Donny, you're out of your element."

Chase already anchors a large tower in Chicago, and the rumor mill has been swirling that they are potentially looking to anchor a new development to "keep up with the Joneses" because both BofA and BMO Harris have recently moved into brand spanking new class A towers here in Chicago.

It may or may not happen (obviously), but your argument that it isn't likely to happen because it hasn't happened yet makes absolutely no sense what so ever. All of the rumors and "insider info" has indicated that Chase is weighing their options here in Chicago right now at this very moment in time.

We'll see what happens.

chicubs111 Nov 27, 2022 4:51 PM

I dont see Chase doing anything over the top here even if they do plan a signature tower... The days of signature office towers in this city are over to be honest....NYC is only city in the US that will be doing large over the top office tower... Expect something in the 800-900 ft if your lucky with blue glass...and I wish that was sarcasm but its just the facts.. Office developers here are all about conservative bottom line and safe bets...

marothisu Nov 27, 2022 4:56 PM

Quote:

Originally Posted by chicubs111 (Post 9800364)
I dont see Chase doing anything over the top here even if they do plan a signature tower... The days of signature office towers in this city are over to be honest....NYC is only city in the US that will be doing large over the top office tower... Expect something in the 800-900 ft if your lucky with blue glass...and I wish that was sarcasm but its just the facts.. Office developers here are all about conservative bottom line and safe bets...

Which is why the Fulton Market rumor makes more sense if it's all about "let's get a new tower and make ourselves more visible in the skyline." You don't even have to have a building as tall as you have now and it'll still be visible from a lot of vantage points.

Steely Dan Nov 27, 2022 5:18 PM

Quote:

Originally Posted by chicubs111 (Post 9800364)
The days of signature office towers in this city are over to be honest....

And those days barely even existed.

In the entire history of Chicago, there have only ever been two office towers with occupiable height above 900' (Sears and Aon).

And they were both built a half-century ago in a very different time.

UrbanDweller98 Nov 27, 2022 5:26 PM

Really wish JPMC would've went with John Buck Company's proposal for 655 W Madison, 971' with a nice design albeit on a podium. Even if they go with 130 N Franklin I doubt Tischman Speyer could do better than this

https://chicago.urbanize.city/sites/...?itok=vnVLo02x

Zapatan Nov 27, 2022 5:37 PM

^ Yes! Love that one. If only...

Quote:

Originally Posted by chicubs111 (Post 9800364)
I dont see Chase doing anything over the top here even if they do plan a signature tower... The days of signature office towers in this city are over to be honest....NYC is only city in the US that will be doing large over the top office tower... Expect something in the 800-900 ft if your lucky with blue glass...and I wish that was sarcasm but its just the facts.. Office developers here are all about conservative bottom line and safe bets...

It would have to be at least ~950 to really stick out here.

In that case it's not just NYC, SF's Salesforce Tower is a supertall signature office tower built relatively recently. I could see Miami or Austin pulling one at some point.

I'll agree though that the best hope for Chicago's next supertall is a mixed use or residential tower. Unless we get really lucky with Chase.


Quote:

And those days barely even existed.

In the entire history of Chicago, there have only ever been two office towers with occupiable height above 900' (Sears and Aon).

And they were both built a half-century ago in a very different time.
Modern technology and higher ceiling heights make it a bit easier nowadays though.

Steely Dan Nov 27, 2022 5:39 PM

Quote:

Originally Posted by Zapatan (Post 9800386)
Modern technology and higher ceiling heights make it a bit easier nowadays though.

And yet it still doesn't happen here.

It's almost as if there's some kind of formula to making the biggest ROI on Chicago office tower development. ;)

chicubs111 Nov 27, 2022 5:46 PM

Quote:

Originally Posted by Steely Dan (Post 9800375)
And those days barely even existed.

In the entire history of Chicago, there have only ever been two office towers with occupiable height above 900' (Sears and Aon).

And they were both built a half-century ago in a very different time.

well in reality NYC only had what 4 office tower? over that same time as well... World trade, empire state, and chrysler building...i dont necessarily think a signature tower must be over 1000ft occupiable space to classify... 2 prudential is a signature building in my opinion , AT&T building, and Chase current tower are all signature towers for there time. I mean heck Rockefeller center is a signature tower...I think height in combination with architecture is the key determining factor.

rivernorthlurker Nov 27, 2022 5:46 PM

Quote:

Originally Posted by Steely Dan (Post 9800388)
And yet it still doesn't happen here.

It's almost as if there's some kind of formula to making the biggest ROI on Chicago office tower development. ;)

The formula = 720' and 50 floors basically.

Zapatan Nov 27, 2022 6:10 PM

Quote:

Originally Posted by rivernorthlurker (Post 9800391)
The formula = 720' and 50 floors basically.

Salesforce and 110 North wound up a bit higher than that luckily enough. Perhaps it was due to their prime location.


Quote:

And yet it still doesn't happen here.

It's almost as if there's some kind of formula to making the biggest ROI on Chicago office tower development.
I've heard buildings stop being economical around 300 meters or so (core height), however, this could be for cities more major than Chicago like NYC etc.

I would like to think another office tower with occupied height 900+ is within the realm of possibility...

twister244 Nov 27, 2022 7:22 PM

Quote:

Originally Posted by chicubs111 (Post 9800390)
well in reality NYC only had what 4 office tower? over that same time as well... World trade, empire state, and chrysler building...i dont necessarily think a signature tower must be over 1000ft occupiable space to classify... 2 prudential is a signature building in my opinion , AT&T building, and Chase current tower are all signature towers for there time. I mean heck Rockefeller center is a signature tower...I think height in combination with architecture is the key determining factor.

This.

If Chase goes crazy with a supertall - Great.

But if they do go with 800-1,000 feet, make it a signature tower, not another goddamn blue box in the skyline. Shit - A smaller 9 DeKalb would be amazing, just give me something that wets my pallet.

Ricochet48 Nov 27, 2022 9:10 PM

Quote:

Originally Posted by twister244 (Post 9800456)
A smaller 9 DeKalb would be amazing, just give me something that wets my pallet.

Completely agree. Supertalls in this day and age just don't make much sense in Chicago (outside of perhaps spires). Still hopefully for a great looking signature tower of reasonable height (hopefully ~900ft)

Zapatan Nov 27, 2022 9:37 PM

9 DeKalb is way too skinny to be an office tower though, it would have to be a fat version of it.

Could be interesting I guess...

Ahoi Nov 28, 2022 8:32 AM

Per Mackensen (YIMBY)

"I think if JPMC were to stay in Chicago then I don’t think they are looking for a location near their current HQ. I rather suspect they are going to West Loop or River District (near the casino) or Lincoln Yards or Moodys."

https://forum.newyorkyimby.com/t/chi...t-floors/19856


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