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  #21941  
Old Posted Dec 14, 2022, 1:50 AM
ORD2010 ORD2010 is offline
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While we often complain about some of the designs, as a collective i think they look great, a good balance of glass, steel, and other finishes, some interesting shapes, and a great variety of height. Truly feels like a whole new city is being built helping to keep Chicago on the national map
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  #21942  
Old Posted Dec 14, 2022, 3:03 AM
rivernorthlurker rivernorthlurker is offline
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Originally Posted by UrbanDweller98 View Post
To think that 900 W Randolph is going to go from a staple in the neighborhood to a needle in the haystack in just a few years is exciting.
I know - I spent a long time trying to find it in rgarri's model
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  #21943  
Old Posted Dec 14, 2022, 3:09 AM
Razorback Razorback is offline
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I'd like to know if Fulton Street Companies & JDL are planning to simultaneously break ground with 1200 Fulton and 917 W. Fulton. With an anchor tenant (Harrison Street Real Estate) and several retail spaces potentially leased (Dom's Kitchen and Gibson's Restaurant), movement on the other Morris Adjmi project has to be happening soon. I hope.
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  #21944  
Old Posted Dec 14, 2022, 9:14 AM
gandalf612 gandalf612 is offline
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Kinda crazy that from ~1830-2010 we got a central core and strips of high-rises along the lake and from ~2010-2030 we're getting branches reaching Union Park and along the river all the way up to Cortland.
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  #21945  
Old Posted Dec 14, 2022, 4:14 PM
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ardecila ardecila is offline
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I'm reserving judgment on Lincoln Yards. Right now it's just one midrise that hasn't even opened yet. A little early to call it an "extension of the CBD".

I still think there's a very good chance that the site ends up with townhouse developments as the 2020s version of Dearborn Park.

Even if LY is successful, it will proceed at a slower pace than Fulton Market because it's just one developer and they will not want to cannibalize their own leasing efforts by moving too fast.
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  #21946  
Old Posted Dec 14, 2022, 4:38 PM
west-town-brad west-town-brad is offline
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Originally Posted by ardecila View Post
I'm reserving judgment on Lincoln Yards. Right now it's just one midrise that hasn't even opened yet. A little early to call it an "extension of the CBD".

I still think there's a very good chance that the site ends up with townhouse developments as the 2020s version of Dearborn Park.

Even if LY is successful, it will proceed at a slower pace than Fulton Market because it's just one developer and they will not want to cannibalize their own leasing efforts by moving too fast.
Generally agree though I doubt townhouses would maximize value given the desirability of Lincoln Park and Bucktown. I would speculate mid rise condos or apartments with a mix of some office uses. I would point to Triangle/Square development and other residential buildings on less desirable Elston as supporting evidence. Perhaps you can drop some $10 million SFR in there too at the end of the total buildout, but certainly not now. that big JDL project might be able to be replicated in LY.
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  #21947  
Old Posted Dec 14, 2022, 4:45 PM
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Klippenstein Klippenstein is offline
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Originally Posted by ardecila View Post
Even if LY is successful, it will proceed at a slower pace than Fulton Market because it's just one developer and they will not want to cannibalize their own leasing efforts by moving too fast.
True, though there’s the General Iron site that can host another substantial development and there’s plenty of other sites that can be developed especially once momentum starts building. I’d be very surprised if LY doesn’t spur more highrise development in the area.

Re: the townhouse comment, your pessimism is palpable and not welcome. Please keep reserving judgment if that’s all you got, at least until it stalls for a substantial period of time.
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  #21948  
Old Posted Dec 14, 2022, 5:05 PM
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I'm just saying it's a completely unproven market for a large concentration of office. Transit access is poor, and the roads can't handle a huge influx of additional traffic. Sterling Bay seems to think they can fix these problems, but I don't know if they can convince office tenants. It's a long way to run shuttle buses from Union or Ogilvie, and CTA isn't stepping up.
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  #21949  
Old Posted Dec 14, 2022, 7:15 PM
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CoStar has confirmed that Fulton Market is still the fastest growing office district in the entire country, with no signs of slowing down. This past week alone, we saw that 357 N Green will add 676,000 sq ft and 330 N Green will add 719,000 sq ft. That's like adding 130 N Franklin, except these are likely to start construction

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If the projects get the go-ahead, they would add to a burst of construction in the area, which over a recent five-year period had its supply of office space expand by an average of 100% per year, faster than any urban area in the United States, according to a CoStar analysis.
https://product.costar.com/home/news/shared/448547307
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  #21950  
Old Posted Dec 14, 2022, 7:25 PM
lakeshoredrive lakeshoredrive is offline
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Let's get a thousand footer building in that area! Most likely a residential/hotel building would allow for that to happen. I don't think we will ever get another thousand footer office building lol. salesforce tower was the city's last chance for that.
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  #21951  
Old Posted Dec 14, 2022, 7:28 PM
west-town-brad west-town-brad is offline
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Originally Posted by Randomguy34 View Post
CoStar has confirmed that Fulton Market is still the fastest growing office district in the entire country, with no signs of slowing down. This past week alone, we saw that 357 N Green will add 676,000 sq ft and 330 N Green will add 719,000 sq ft. That's like adding 130 N Franklin, except these are likely to start construction


https://product.costar.com/home/news/shared/448547307
what's the occupancy rate? must be higher than the 50% average right now but can't be that much higher...
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  #21952  
Old Posted Dec 14, 2022, 10:08 PM
emailspyro@gmail.com emailspyro@gmail.com is offline
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I’m thinking 10 years from now LY and the river will be developed all the way up to Irving Park Road. With remote work, more people will want to have office options that are smaller and more fun near their homes. Instead of building tall, the shift will be toward increased amenities, things we don’t have at home. Mixed use, work and play combo will only grow.
I can easily see sites such as Microcenter strip mall, Chicago Basic Wire, the former Vienna Beef etc will be converted to mixed use to include mid rises and perhaps some high rises.

Finally, I imagine loop proper will transform into a Historic type district. Mostly hotels, shops and entertainment. The offices in loop area will likely all migrate West, SW and NW
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  #21953  
Old Posted Dec 15, 2022, 12:20 AM
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SolarWind SolarWind is offline
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560 & 558 W Van Buren Demolition

October 31, 2022





November 1, 2022





566 W Van Buren

December 8, 2022


Last edited by SolarWind; Dec 15, 2022 at 1:17 AM.
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  #21954  
Old Posted Dec 15, 2022, 12:21 AM
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225 N Elizabeth

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  #21955  
Old Posted Dec 15, 2022, 12:23 AM
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The Saint Grand - 218 E Grand

November 8, 2022



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  #21956  
Old Posted Dec 15, 2022, 12:25 AM
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RIU Plaza Chicago - 150 E Ontario

November 8, 2022





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  #21957  
Old Posted Dec 15, 2022, 12:26 AM
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741 N Wells

November 8, 2022



November 15, 2022



December 5, 2022



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  #21958  
Old Posted Dec 15, 2022, 4:19 AM
rivernorthlurker rivernorthlurker is offline
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Great rundown Solar!

Didn't know RIU was that far along

Glass on 741 Wells is fire! Nice surprise. Thing is moving fast.

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  #21959  
Old Posted Dec 15, 2022, 9:16 AM
archguy archguy is offline
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Considering the fact that 1201 W. Fulton just got its demo permits and will inevitably begin construction soon, is there much of a precedent for two towers to be built at the same time on the same block? There will be somewhat of a setback between the two towers but seems like it’ll be very close and their podiums may be designed to touch so it’ll be interesting to see how they do that.

Thinking also specifically about their cranes overlapping and such. Any thoughts?



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  #21960  
Old Posted Dec 16, 2022, 4:58 AM
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Now thats an update!
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