CHICAGO | Highrise Projects & Construction, v7

[johneboy96]

Tan brick makes a lot more sense when viewed from this angle.

[JK47]

Originally Posted by Stockerzzz

Or you could establish 10-year maximum occupancy limits which would cycle through to the next group of single mothers. [/URL]

Why 10 years? Why not 2 years, or 4 years, or 12 years? What about a 10-year span makes you think that people who are poor, elderly, or disabled won't be in need of that housing in 10 years? There isn't a lot of income mobility out of the bottom income quintile so your "plan" seems poorly thought out.

[Mr Downtown]

Looks like they not only moved the piledriver rig from 1136 S Wabash, but already got two piles in the ground. They're down 85 feet per the chalked numbers on them.

[Randomguy34]

Originally Posted by Mr Downtown

Looks like they not only moved the piledriver rig from 1136 S Wabash, but already got two piles in the ground. They're down 85 feet per the chalked numbers on them.

That project is on this week's Plan Commission Agenda. It's not asking for a zoning request, so it's probably on the agenda for presentation purposes: https://www.cityofchicago.org/conten...016_Agenda.pdf

A proposed Lake Michigan and Chicago Lakefront Protection Ordinance Application No. 682, submitted by the Applicant, 11th Street Wabash, LLC, for the property generally located at 1101 South Wabash Avenue within the Private-Use Zone of the Lake Michigan and Chicago Lakefront Protection District. The applicant proposes to construct a 306’ hotel with approximately 281 hotel keys and 57 parking spaces. The overall site is 13,706 square feet and the property will remain zoned DX-12 (Downtown Mixed-Use District). 4th Ward

[Mr Downtown]

^That's odd. I don't see how they could start construction if Lakefront permission were still needed. I assumed that hurdle was cleared months ago.

[ardecila]

Originally Posted by Mr Downtown

^That's odd. I don't see how they could start construction if Lakefront permission were still needed. I assumed that hurdle was cleared months ago.

Maybe they made some design changes that required re-approval. They can start the foundation work under the previous approval and permit...

[The Lurker]

Originally Posted by ardecila

Maybe they made some design changes that required re-approval. They can start the foundation work under the previous approval and permit...

Hopefully they remove that hideous mansard roof from the design. So innapropriate on this building

[Arm&Kedzie]

808 N. Wells is in site prep

[ardecila]

Originally Posted by The Lurker

Hopefully they remove that hideous mansard roof from the design. So innapropriate on this building

I don't mind hideous PoMo for filler buildings.

And this one is actually legitimate PoMo, not a poorly-done historic recreation. It's a glass and steel building with bay windows and a mansard roof. It's supposed to be somewhat absurdist.

[r18tdi]

Originally Posted by Arm&Kedzie

808 N. Wells is in site prep

They've already demolished the sales center?

[Randomguy34]

Originally Posted by Arm&Kedzie

808 N. Wells is in site prep

If the hotel on Wells St in Old Town finals starts construction, then that means there will be development on Wells street at least every two blocks all the way from North Ave to the river (Old Town Hotel, Atrium Village redevelopment, Moody Bible addition, 808 N. Wells, HoJo Tower, Gino's East Tower, 640 N Wells, and Centrum's development at Hubbard st)

[Jibba]

400 N Huron


2950 N Sheridan

[emathias]

Originally Posted by Arm&Kedzie

808 N. Wells is in site prep

Originally Posted by r18tdi

They've already demolished the sales center?

Really? Seems unlikely although I'll check that out on my way home tonight.

[Jibba]

1001 W Chicago

[the urban politician]

Crains is reposting that occupancy is beginning to slip for downtown apartments.

Hotels are also starting to slip.

Office is already maxed out.

That leaves us with condos, and I'm not too sure how deep that market is.

I hope this one lands gently. The boom is going to be over soon

[marothisu]

Originally Posted by r18tdi

They've already demolished the sales center?

I went by this on Saturday. The sales center is not demolished. Not sure if it's actually in site prep...

[Arm&Kedzie]

Originally Posted by marothisu

I went by this on Saturday. The sales center is not demolished. Not sure if it's actually in site prep...

Looked like an active site when drove by today. But i didn't know about the sale center... i could be mistaken

[ithakas]

Originally Posted by the urban politician

Crains is reposting that occupancy is beginning to slip for downtown apartments.

Hotels are also starting to slip.

Office is already maxed out.

That leaves us with condos, and I'm not too sure how deep that market is.

I hope this one lands gently. The boom is going to be over soon

The Urban Land Institute did an event about condo development unfreezing recently – couldn't make it but looked interesting and was attended by nearly every major developer I'm aware of in town.

Hope it's a sign we get more condo proposals soon, beyond the big ones in the pipeline (Vista, Riverline, 1000M, etc.). I could see a decent number of 400 W Huron proposals taking off (boutique scale, downtown-adjacent neighborhood, strong design). I still don't understand how the West Loop isn't getting more of that, considering all the leaps it's made over the past few years.

EDIT: Also think there's a lot of potential for 'starter' condos, like 235 Van Buren or 1345 S. Wabash.

[BuildThemTaller]

Originally Posted by Stockerzzz

The CHA agrees with me. They're testing an eight-year pilot program.

• The Chicago Housing Authority is preparing to roll out a pilot program that would cut off housing vouchers for some people after eight years, an attempt to nudge more recipients into the workforce and shrink the long waiting list for rental assistance.

If CHA agreed with you, they would implement the policy for all renters. But they are smart and are testing this policy to collect data and make informed decisions. Thinking that everyone would benefit from a single policy is a huge mistake and its cruel. There are so many reasons why an individual might be in need of subsidized housing. The most common reason individuals declared bankruptcy, after all, is unexpected medical expenses. So are we to kick out a single mother working two jobs without insurance recently diagnosed with cancer because she "isn't motivated"? The only humane approach is to have many options available.

[SamInTheLoop]

Originally Posted by the urban politician

Crains is reposting that occupancy is beginning to slip for downtown apartments.

Hotels are also starting to slip.

Office is already maxed out.

That leaves us with condos, and I'm not too sure how deep that market is.

I hope this one lands gently. The boom is going to be over soon

There are going to be a decent number of apartment starts still over the next year or so - some hotel and office as well - unless demand actually crashes suddenly, which I don't see happening. So, the boom in construction will go on (good news for tenants, not especially good news for landlords - this is how the market goes - leverage shifts back and forth all the time....I mean, it's not like apartment landlords haven't enjoyed remarkably strong conditions for a solid period of many consecutive years....doesn't last forever)

I also think that there will be more life returning to the condo market, and we will see an increasing number of starts over the next couple years.....what remains to be seen is if by 2018 or so we actually start to see some condo conversions....right now to me this is a very open question, although it's a distinct possibility, and apartment landlords would definitely welcome that given all the 2016-2019 apartment project deliveries....