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  #101  
Old Posted Dec 29, 2019, 11:49 AM
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  #102  
Old Posted Dec 29, 2019, 4:41 PM
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If their rebricking that whole wall, then damn this is going to take forever to start rising.
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  #103  
Old Posted Jan 4, 2020, 6:04 PM
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  #104  
Old Posted Jan 8, 2020, 2:21 AM
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  #105  
Old Posted Jan 8, 2020, 2:56 AM
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Foundation permit hasn't been issued yet btw. Still under review.
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  #106  
Old Posted Jan 10, 2020, 5:01 PM
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Foundation permit hasn't been issued yet btw. Still under review.
i wonder what the hold up is.

they started site demo quite a while ago now.
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  #107  
Old Posted Jan 18, 2020, 10:28 PM
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  #108  
Old Posted Jan 18, 2020, 10:48 PM
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i wonder what the hold up is.

they started site demo quite a while ago now.

Curious as well. There is some sort of hold-up here. Permit issue?
Loan hasn't closed yet? (that would surprise me though, as I'd have expected the loan for this one to close right before they commenced demo)
Something else?
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  #109  
Old Posted Jan 18, 2020, 11:10 PM
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They ran out of dump trucks to pick up those bricks.
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  #110  
Old Posted Jan 18, 2020, 11:53 PM
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LOVING that first shot Solar.
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  #111  
Old Posted Jan 19, 2020, 3:34 PM
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LOVING that first shot Solar.
Agreed, great density...
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  #112  
Old Posted Jan 20, 2020, 4:56 PM
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[QUOTE=SolarWind;8804317]January 16, 2020

That Photo is AMAZING!
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  #113  
Old Posted Mar 9, 2020, 3:51 AM
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No movement, but I was in the area and snapped a picture.
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  #114  
Old Posted Mar 9, 2020, 7:15 AM
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The fuck is going on with this one? Almost forgot this was a thing.
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  #115  
Old Posted Mar 9, 2020, 2:51 PM
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I heard the Japanese outfit that was providing the financing pulled out...
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  #116  
Old Posted Mar 9, 2020, 2:55 PM
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it's a good thing they made sure to demo the existing building before they had their construction financing secured.

now we get to have another ugly dead-space hole in the urban fabric of michigan ave. for god only knows how long!
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  #117  
Old Posted Mar 9, 2020, 3:31 PM
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Only a plus if we get taller more unique design, if this is dead.
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  #118  
Old Posted Mar 9, 2020, 3:34 PM
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Maybe JDL will buy it and put something there.
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  #119  
Old Posted Mar 9, 2020, 3:37 PM
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Originally Posted by Steely Dan View Post
it's a good thing they made sure to demo the existing building before they had their construction financing secured.

now we get to have another ugly dead-space hole in the urban fabric of michigan ave. for god only knows how long!
Seriously! w..t...f...
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  #120  
Old Posted Mar 9, 2020, 3:45 PM
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This makes sense. I knew there had to be something going on - either with financing or something unexpected site-related that was discovered.

Construction was supposed to have begun in Nov. This means that it was likely a party specific issue that caused the deal they had prior to then falling apart. This should be/have been no big deal, as it's an A+ location, solid developer/equity investor, etc in terms of fairly easily (it's still a process of course, these deals take time to put together) being able to replace the debt with other party(ies).

At the moment, we're in a global public health crisis......with significant economic and financial market reverberations. Things look VERY iffy for the next couple quarters.



So, this complicates things.
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