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Posts tagged "development"

Loop Development Debacle: The Waterview Tower Saga Continues...

Loop Development Debacle: The Waterview Tower Saga Continues...
Back in October, we posted about the atrocity that was/is this half-finished concrete monstrosity. Since 2008, this 27 story concrete parking garage has been sitting there unfinished and unused.  (The exception being the parachuter back in April.) Now it seems that Related Midwest is the Waterview’s knight in shining armour.  They have finalized the deal... Read more »
By The Condoist,
August 12, 2011 at 7:04 am
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RD659 Owner Relieved- Mental Patients To Live Elsewhere

Courtsey @properties An update on RD659 and the proposed Thresholds purchase: Crain’s reported today that Mesirow no longer seeks to sell the remaining affordable units amidst resistance from residents and legislators. More details have emerged about the breakdown of this deal.    In addition to the 19 affordable home units that were still available, Thresholds... Read more »
By The Condoist,
January 14, 2011 at 6:07 pm
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Spire: Still Dead

Image courtesy Curbed Chicago Blink and you may have missed it.  For those of you still holding on to the belief that unicorns are real and that the Chicago Spire still may be built…. I am sorry. Unicorns are real but, the Spire is done.  The Irish developer grasping at straws has finally lost control... Read more »
By The Condoist,
December 9, 2010 at 8:38 am
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Waterview Chicago: An Eyesore and Nothing More

Q: What’s worse than a hole in the ground?  A: Waterview Tower The unfinished Waterview Tower In their list of disappointing developments, Kamin, Hilkevitch, and Glanton neglected to mention the eyesore known as “Waterview Tower”  We can’t quite blame them since we’ve known about this for a few years now, but it is definitely worth... Read more »
By The Condoist,
October 14, 2010 at 6:50 am
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Block 37: #2 On Our List of Disappointing Developments

Credit: Mark Mumford Block 37 was over budget, behind schedule, and now seemingly stalled. Many high-profile tenants have backed out leaving the many areas of the mall deserted.  The developer, Joseph Freed & Associates, is desperately fighting the clock and the legal system to salvage their stake in the property. Crains Chicago reported yesterday that... Read more »
By The Condoist,
October 13, 2010 at 6:33 am
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The Chicago Spire: Dead In The Water

Courtesy of StructureHub Who doesn’t want an 80 foot deep hole just off of Lake Shore Drive?  Chicagoans are hoping someone does… The anticipation for the Fordham Chicago Spire was nothing short of a frenzy.  Unfortunately, Calatrava’s masterpiece quickly lost momentum as international investors hesitated to jump on the bandwagon.  Shelbourne still held strong and... Read more »
By The Condoist,
October 12, 2010 at 9:22 am
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Unfinished business: Chicago's Concrete Wasteland

A recent Tribune article looked skeptically at the outgoing mayor and the incomplete projects he is leaving behind.  We have chosen to highlight three of these projects over the next week... Courtesy of Passen Law... Read more »
By The Condoist,
October 12, 2010 at 9:14 am
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Odyssey Lofts

Image Courtesy of @properties Odyssey lofts has a new name and a new address: “770 Lofts” Back in July, Crains broke the news that new owners had taken over the Odyssey Lofts project and with new ownership came a project face lift, a new marketing team, and new pricing.  Odyssey 770 Lofts neared completion right... Read more »
By The Condoist,
October 11, 2010 at 10:47 am
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How Low Can They Go? Preferred Lenders Offer Buy-downs at New Construction

Thanks to Ludacris for low rate inspiration Image courtesy of iBlog26 Mortgage rates continue to astound.  They are “lower than your Momma’s ever seen it in her lifetime” and as if that weren’t Ludacris enough, developers are bringing them down even lower.   While free parking used to be the developer incentive du jour, many... Read more »
By The Condoist,
October 8, 2010 at 9:13 am
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Putting On The Ritz (Carlton)

Crain’s is reporting that the Residences at the Ritz Carlton can add a few more notches to their belt.  In the past three months, Prism development has put another 3 unit under contract.  Admittedly, these are the only 3 new units under contract this year  (Bruce Shultz, Prism Principal) Rendering of the Residences at the... Read more »
By The Condoist,
September 23, 2010 at 7:40 am
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