[Kngkyle]

I haven't seen any recent publicly disclosed sales figures for the Tribune Tower remodel, but I see 69 units sold on the MLS, with 4 additional under contract, and 10 currently listed. With 162 units total presumably they just don't have the entire inventory listed on MLS - which makes sense. This would imply they have 89 more units to sell and are thus 45% sold or under contract.

Of those sales, 37 were in 2021 (when the remodel finished, so that's probably a lot of pre-sales), 31 in 2022, and 5 so far in 2023.

At that rate they should be pretty much all sold around the time they'd need to start sales on Tribune Tower East. With it being mostly rental and hotel keys, they could probably get financing and kick off construction without presales anyway.

The new timing kinda makes sense and rents in the area have really skyrocketed over the past year. There's also very little new supply even on the drawing board. Is there anything in Streeterville other than the Spire site? Maybe some boutique projects in nearby River North but almost all new supply is in West Loop.