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Old Posted Apr 23, 2021, 2:35 AM
LouisVanDerWright LouisVanDerWright is offline
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Join Date: Jul 2012
Posts: 7,402
Originally Posted by BVictor1 View Post
His argument is pretty bunk when ONNI is doing 20% and when North Union is doing 20% and when all these projects north of Lake Street in Fulton Market are being proposed with 20%.

That kind of puts the "do gooder" theory regarding the ARO to rest.
Omni specializes in affordable projects, it's an entirely different game where your profit comes in the form of tax credits.

Also the rents between the tribune site and prime West Loop sites are probably significantly lower.
Real Estate Bubble 2.0 in full effect:
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