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Originally Posted by Bombardier
They still have something like 100 condos to sell at Tribune and are having trouble getting the job to pencil out. Don't hold your breath on this one.
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Where did you hear this?
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Yeah, should have heard something by now if something was going to happen before end of year but has been radio silence.
The inflation/housing price increase/etc is the best story going though to make this happen. It's probably a 5 year project or so - I don't know how they even make these decisions as it's impossible to judge risk and the market on that time frame. I guess that's the nature of investing and profit though.
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Maybe they want it to be a surprise so they're being quiet about it on purpose.
Chicago has been on fire with condo development lately, that could either be a good thing or bad thing in the sense that the market may be oversaturated by this point (I believe this building is partially a hotel too though).
My prediction is that, due to the legitimacy of the people behind this project, they'll seize the opportunity to build
something but perhaps not at such scale, I'd be extremely happy as long as this winds up the second highest roof in Chicago by a visible margin (1250-1300 ish)