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Old Posted Nov 5, 2017, 5:23 PM
emathias emathias is offline
Adoptive Chicagoan
 
Join Date: Sep 2007
Location: River North, Chicago, Illinois
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Quote:
Originally Posted by 10023 View Post
Well it happens in more expensive real estate markets. But you're right, it's unlikely in Chicago, because the downtown area isn't fully built out and there are cheaper places to build.

That said, they are considering demolishing the Thompson Center, which would seem to me to be just as prohibitive in terms of cost. And while the building needs work, it also has more architectural merit.
While overall Chicago real estate is rather a good deal, the central business district of Chicago is second only to Manhattan is price per acre in the U.S. Not quite as cheap as people assume.
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