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Old Posted Mar 5, 2021, 1:08 AM
LouisVanDerWright LouisVanDerWright is offline
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Join Date: Jul 2012
Posts: 7,391
This building isn't going to get downsized significantly. This is the last remaining parcel in LSE. The land has already been paid for ten times over. It also just so happens that this is one of the last remaining riverfront and lakefront parcels downtown. There is no way Magellan is going to leave behind a significant chunk of density or FAR and massively slash this projects height.

The zoning entitlements for a building of this size are already in place, there isn't going to be a meeting where this gets shot down and the alderman can't do shit. This is completely different from the other examples listed.
Real Estate Bubble 2.0 in full effect:
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