Quote:
Originally Posted by the urban politician
The question is, will this happen?
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Obviously complete speculation but I believe this happens because:
1. it is a prime location with great real estate value,
2. the building it shares the location with (Tribune Tower) holds great historical significance, and
3. the parties involved.
In sum, these factors point to momentum and investor confidence/security that this project will be profitable. It is hard to imagine a supertall at this prime location not being in high demand by the public. This building will be close to pretty much
everything - just off the business district, mag mile, river walk, etc. Add to this its historically significant location/building - Tribune Tower - and it is hard to imagine that this building will not be in high demand by the public - particularly if they stick to this design and the amenities are good. Moreover, these same factors (prime location/historical significance) should also lead this building/owners to command a very high price should they decide to sell after it is completed. All things that bode well for financing and construction.
Over time a lot can change but I still think this gets done. If I had to assign a number to it I would put the odds at a strong 75%.
Btw, I think this design is outstanding! It looks good in renders but I believe it is one of those buildings that will actually look even better when completed.