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Old Posted May 24, 2012, 11:12 AM
denizen467 denizen467 is offline
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Join Date: Feb 2006
Location: Chicago
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Originally Posted by Zapatan View Post
There is kind of a chess move aspect to this, because if/when this is built, it will become a little harder for the owners of the property to the N to build and market a tall Class A tower, as it would have no southern views to offer. Had the Crowns waited, they would be the ones with the tougher sell.

It's like the Crain's article from a couple weeks ago about Hines pulling the trigger on doing River Point on spec -- coming out of a recession, the first mover has a big advantage, and the last mover gets hosed.

Separately, I am still hoping 101 Wacker eventually gets torn down and replaced with a marquee skyscraper, which will also be somewhat harder due to 130 Franklin. Although it'll probably be the 2020s++ before we again see any Wacker towers getting demolished for bigger things (100 or 150 South may be earlier candidates, not to mention GGP).
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