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  #334  
Old Posted Oct 5, 2016, 2:06 PM
LouisVanDerWright LouisVanDerWright is offline
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Join Date: Jul 2012
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If there was a height reduction I doubt it was just at the bequest of the Alderman. The developers probably realized that condo sales aren't coming back anytime soon with Millenials all making half a mortgage payment a month towards student loans. They also probably realize that it's maybe not the most prudent thing in the world to break ground on a 750' tall apartment tower with max density given the current frothiness of the market. They are entitled to that density, so I doubt they are planning on just throwing it out, hopefully it shows up in the form of a maxed out WPS tower in the early part of next cycle.

This is probably just a case of a developer saying "hey, we don't really want a building that big right now, why don't you take credit it for it?" It's not as if they actually lose entitlements by not using them all now, they can cram extra SF into the big boy on the South parcel.