Quote:
Originally Posted by Baronvonellis
I have to agree, how is 625 W Adams not a good location for offices? It's right on top of the metra stations! Blocks from the loop and river. The 78's location is way worse for offices. There's nothing around there. I'd much rather be at 625 W Adams.
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If you're going to lease piecemeal to a bunch of companies that's true but that is not how the 78 is being marketed. They're shopping it to big corporate entities that would want millions of square feet and the ability to have it and the surroundings built to their specification. Absent that interest I think it will end up more like Lakeshore east. Either way Related will make out fine, the latter course will just take longer.
In the end it's really hard to argue that 625 Adams is a superior office location if tenants don't agree
by actually leasing space. As pointed out that area is in a weird zone that isn't particularly desirable.