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I've speculated that Chase might get demo'd but the fact is it's big enough that demolishing it would be on the same laborious and expensive scale as rehabbing it.
It'll probably sit vacant for a while, five years or so, before a residential/hotel conversion and garage redevelopment project. Definitely after things go back to normal as far as materials costs and hotel occupancy rates and the current batch of apartments is reasonably filled. |
With 2Q coming to a close and no ground breakings to speak of yet. Let's hope the next 2 quarters bring us some excitement.
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I have no qualm with them eventually razing Chase Tower especially if they decide to put a nicer taller tower in it's place. I do however think if they do decide to do so they should make better use of the block by splitting the block into smaller parcels. I've never really liked the fact that the tower sits in the middle of the block with so much space around it, it's such a waste of space when you can fit multiple buildings/towers on a single block similar to the blocks that US Bank, 44 Monroe, Renaissance Center and so many others sit on.
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I heard the Duke Photography biz sold to another buyer who wants to continue the biz as is and that no raising canes will be happening, can anyone confirm? I read somewhere that the new owners are planning a walk-up coffee concept for part of the photography studio?
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That sounds like the kind of thing that started as a rumor on nextdoor, but it also sounds totally plausible. Hoping you heard right.
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https://azbigmedia.com/real-estate/n...e-photography/ here's the Nextdoor rumor....
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I feel this is a win. I will take this over a Raising Canes on that corner any day. The neighborhood finally picked the right fight for a change as this is a much better building to save than the Pink Liquor store.
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great news! glad that turned out to have some traction. I'd be satisfied if dutch bros, raising caines and the like all just ceased to exist. That'll never happen so I'll just relish the fact that at least this one isn't happening.
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With the retractable roof I am surprised no one has had any ideas like retrofitting Chase to turn it into a Gaylord Hotel being so close to the convention center or possibly some sort of half indoor/ outdoor amusement park or water park where they can control the climate with the roof.
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