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  #241  
Old Posted Jul 15, 2016, 1:59 PM
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Originally Posted by DonMendigo View Post
Unfortunately, maybe forever? I believe the CNA tower developer bought the air rights over it. I used to walk by this garage everyday for work. They spent over a year renovating/jackhammering/replacing concrete/painting the thing a couple of years back.
Buying air rights is a good fact. Suggests it will one day be leveled and a tower placed in its stead.
     
     
  #242  
Old Posted Jul 15, 2016, 3:14 PM
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Originally Posted by bcp View Post
^ no, unless Chicago allows for a replacement air rights transfer - any redevelopment of height would require a new air rights purchase, making it less likely (but not impossible) to happen
Except the air rights are currently owned by a developer. Perhaps they have their eye on this site next? That is assuming DonMendigo is correct.
     
     
  #243  
Old Posted Jul 15, 2016, 9:33 PM
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4:30 Friday.

     
     
  #244  
Old Posted Jul 15, 2016, 10:24 PM
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Originally Posted by Kngkyle View Post
Except the air rights are currently owned by a developer. Perhaps they have their eye on this site next? That is assuming DonMendigo is correct.
Yeah, they didn't buy air rights as in "the rights to build above the garage", they bought all the excess FAR from the garage parcel and transferred it to the CNA parcel to allow a taller tower there.

With streets on two sides, landmarked buildings to the north, and a height-capped parcel to the east, CNA has guaranteed views on all four sides, so they can make the floorplate literally fill up the lot. They probably also bought a light/vent easement from the garage owners (Beitler?) so that nobody can ever build a building up to the lot line on the garage parcel.

I mean, if you're Beitler I don't know why you'd say no. That company hasn't really gotten any projects off the ground in the last decade, but they just made some free money by selling off an asset (unbuilt FAR) that they were never really gonna use.
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  #245  
Old Posted Jul 16, 2016, 12:31 AM
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Originally Posted by ardecila View Post
Yeah, they didn't buy air rights as in "the rights to build above the garage", they bought all the excess FAR from the garage parcel and transferred it to the CNA parcel to allow a taller tower there.
Well that is disappointing then. Also disappointing that such a move would even be necessary given the location.
     
     
  #246  
Old Posted Jul 16, 2016, 10:37 PM
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From Wacker Drive I could see two steel columns sticking up tonight. Tall ones. Let her rip.
     
     
  #247  
Old Posted Jul 18, 2016, 1:18 AM
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  #248  
Old Posted Jul 20, 2016, 6:42 PM
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Taken around 1:30 Wednesday.

     
     
  #249  
Old Posted Jul 20, 2016, 7:21 PM
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nice shot
     
     
  #250  
Old Posted Jul 21, 2016, 10:23 PM
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Quote:
Originally Posted by ardecila View Post
Yeah, they didn't buy air rights as in "the rights to build above the garage", they bought all the excess FAR from the garage parcel and transferred it to the CNA parcel to allow a taller tower there.

With streets on two sides, landmarked buildings to the north, and a height-capped parcel to the east, CNA has guaranteed views on all four sides, so they can make the floorplate literally fill up the lot. They probably also bought a light/vent easement from the garage owners (Beitler?) so that nobody can ever build a building up to the lot line on the garage parcel.

I mean, if you're Beitler I don't know why you'd say no. That company hasn't really gotten any projects off the ground in the last decade, but they just made some free money by selling off an asset (unbuilt FAR) that they were never really gonna use.
Didn't something go on with Beitler's purported partner (Next Realty), InterPark, and Buck? InterPark paid Next more than Beitler wanted to for the garage site, and then they subsequently sold the air rights to Buck (which had purchased their plot for the tower from InterPark to begin with).
     
     
  #251  
Old Posted Jul 22, 2016, 6:26 PM
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Taken around 1:15 Friday. Looks like they swapped out the crane.

     
     
  #252  
Old Posted Jul 23, 2016, 2:13 AM
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Steel going up on a Friday night.

     
     
  #253  
Old Posted Jul 23, 2016, 2:14 AM
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[Accidental double-post.]
     
     
  #254  
Old Posted Jul 23, 2016, 3:01 PM
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7/22

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  #255  
Old Posted Jul 23, 2016, 4:15 PM
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Tower crane permit issued yesterday.
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  #256  
Old Posted Jul 24, 2016, 3:30 PM
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"Old" shots

July 14








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  #257  
Old Posted Jul 25, 2016, 10:21 PM
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Photo taken just after 5:00 Monday 7/25. Looks like the form is basically complete and they've got a good start on the steel.

Chicago Architecture Blog reports that full building permits have been issued.

     
     
  #258  
Old Posted Jul 27, 2016, 1:59 PM
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Has the design changed significantly or am I missing something? This cross bracing isn't in any of the renderings.
     
     
  #259  
Old Posted Jul 27, 2016, 3:00 PM
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^ Was wondering the exact same thing just last evening (I actually have found it interesting that structural steel on this one began to go up before even the tower crane....not unprecedented certainly, but not typical for sure). Clearly the design has changed here - the lobby on the Randolph side of the existing renderings is ultra transparent, and these structural elements are definitely not there. I've found it interesting as well that the project's new full website - 151northfranklin.com - has not yet launched (I'd thought it would have at least a few months ago)......still basically just a single teaser page that's been up since the announcement of the CNA deal......

Very interesting......
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  #260  
Old Posted Jul 27, 2016, 3:25 PM
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Photo taken around 10:15 7/27. Will try to take another later today when the light is better.




EDIT: photo with better light added below. Taken around 1:35.


Last edited by James_Mac; Jul 27, 2016 at 6:43 PM.
     
     
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