An apartment tower will also allow for a smaller floor plate, which means we could get a more slender tower.
Quote:
Originally Posted by the urban politician
^ I'm surprised they aren't going condo with at least some of this building, being that it's the furthest east and thus won't have obstructed views
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When it's a condo building, you really can't flip it for a profit like a rental.
Quote:
Originally Posted by spyguy
I'm pleasantly surprised to hear some news about the next tower. I always worry about the later phases of these projects never being realized due to market or developer problems.
This is from Hines' "Experience Record" file dated 6/30/15:
WOLF POINT SOUTH & EAST
Chicago, IL
2,000,000 sq. ft. mixed-use development that will
include:
Wolf Point South - a 1,270,000 sq. ft. office tower that
includes 270,000 sq. ft. of residential space in 150
condos and parking for 280 cars
Wolf Point East - a 600,000 sq. ft. residential tower that
will contain 700 units and parking for 170 cars
Part of Wolf Point development |
That's interesting as the entire project is approved for over 3,000,000 square feet...