Jahn's proposal is far too slender for the open-concept offices that tech companies want. There's a reason they are happy to go to bulky midrises like Merch Mart, OPO, or the Fulton brickhouses.
It's really too slender to work for offices at all, even financial or law - too inefficient, the core will eat up most of the area on each floorplate. Could work for residential I guess, but I don't see millionaires lining up to live in the most boring part of the Loop. Loop residential is really only desirable for young, mid-income, early-career people who want to be close to work.
I just don't see a preservation outcome here, although I would love for it to happen. The state is looking for an enormous payday, which practically guarantees that any developer will need a complete teardown to make the project pencil given the land cost. They may even need to do some kind of state partnership to override local zoning and get FAR that Ald. Reilly would never allow in a million years.
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la forme d'une ville change plus vite, hélas! que le coeur d'un mortel...
Last edited by ardecila; Feb 1, 2021 at 6:05 PM.
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