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Old Posted Dec 17, 2021, 5:22 AM
gandalf612 gandalf612 is offline
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Join Date: Nov 2018
Location: Edgewater, Chicago
Posts: 197
Originally Posted by sentinel View Post
Wait, why is the selling price so low?
Because it's an incredibly difficult project to get right. Due to Jahn complete incompetence it will cost them $280 million just to fix his idiotic mistakes and make the building habitable. For reference, Trump Tower cost $850 million to build. So literally a third of the cost of a supernal to not gain any more leasable space. But tearing it down would also be incredibly complex and expensive because you'd have to buy out the master lease on the food court, AND keep the busiest, multilevel CTA station running during demolition and construction of whatever you'd want to build there.
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