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Great news though I always wanted the South Tower to be built first as originally planned because if the East Tower (phase 3) happened to get cancelled then a park or river plaza at that east end of lot would look fine, but if the South Tower gets axed thats a terrible gap in the middle of that prestigious lot. Not that they wouldn't get it developed eventually...
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I don't think they're doing this looking to make a crazy profit by flipping the building. The downtown rental market is getting very saturated with new construction and rent growth will slow down or even reverse. That doesn't do much for your valuation. The only reason they're doing rental is so that they don't create a whole new nest of NIMBYs before the South Tower is approved. After that, look for them to do a condo conversion on East Tower and/or West Tower. |
^ Agreed. Building more rental to convert later.
I hope that WPE turns out to be as pretty as WPW. Building WPE before building WPS will probably create construction problems for WPS. Nothing insurmountable. But accessfor construction and space to store building materials might be tight. |
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So, a little birdie told me this evening that the developers/architects are looking to go taller and thinner for the east tower :cheers:
I don't have any specific height, but like I've mentioned before, there will more than likely be another community meeting and they'll have to go back before the plan commission. Seeing as they're looking at residential, they don't need the bulky floor plates depicted in previous placeholder iterations. |
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^ intriguing. Thinner & taller sounds good to me.
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Going thinner and taller obviously could also be a benefit in for units in the eventual South Tower that face east. The original East Tower did look a little hefty. Sounds like a win-win all around. Hopefully we can maybe get this baby up to between 850-900 feet.
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In an ideal world, I imagine Wolf Point East will be around 925 feet tall, and Wolf Point South will be around 1,100 feet tall. Which would suit anyone just fine.
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No!!! Goddamn it NO!!! Stop the speculation at once! Not even 12 hours has passed and already three people are throwing numbers around. Bvic's post clearly stated that no height figure was yet available.
I renew my call for a speculation thread to be opened so the mods can throw all speculative posts into a circle jerk of supertall fanboys. |
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if people want to speculate about what "taller & thinner" might mean for the east tower, then that's perfectly acceptable discussion for this thread. |
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Ok point taken. But its also possible that the developers intend to build taller and thinner than the west tower and not necessarily taller than the current place holder.
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^huh, lurker... interesting speculation... :P
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http://www.chicagotribune.com/news/c...06-column.html
Apartment tower is a promising start for Wolf Point development Blair Kamin Contact Reporter Cityscapes Quote:
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