Quote:
Originally Posted by munchymunch
Looking at you 130 franklin^
Conservatory tower yes, this site has been controlled by jokes of developers in the past so it was never really real.
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That's right.....was American Invsco somehow still involved in those goofy proposals over the years? If so and I'm recalling correctly, some might call that in itself a tell.
As far as I know, the site is now owned by STRS Ohio, so obviously a very serious investor. But they would of course need a development partner. Wonder who that might be.....
So, I actually really like this design. I don't think we somehow need a very tall tower here, and this is actually a decent density of hotel for a part of the Loop that could still use a bunch more off-office hours activity.
But - is this a real (and current) proposal I wonder? If it is, could this be as-of-right?
Also, re 130 N Franklin. Curious to see when the next version of a proposal pops up there. At this stage, I wish Tishman Speyer would either sell or JV with another major player. In my view the only way we are remotely likely to get anything approaching a supertall tower (excluding some sort of ornamental bs at the top) is if the program changes. It's very difficult to imagine an all-office tower in Chicago breaking above the (at most) 800s'. Not to mention, with all of the near-term uncertainty in the office market in general, it's absolutely *possible* that we may be looking at a bit of a drought for major new office towers following Salesforce (although there are some decent counterarguments to that position, so I'm certainly not convinced we are - at least as of the moment).