Tag: chicago spire

Related Pockets How Much?!: Refinancing Related's 500 Lake Shore for 175 Million - What's Next?

Related Pockets How Much?!: Refinancing Related's 500 Lake Shore for 175 Million - What's Next?
Today Crains reported that Related just refinanced their luxury apartment building at 500 N Lake Shore Drive for a cool 175 Million.   Mass. Mutual Life Insurance handled the refi which enables Related to payoff the 100M construction loan while leaving everybody with that warm fuzzy feeling an extra 75 Million  leaves you with. This... Read more »

The Chicago Spire: Is It Back On?! Survey Says...

The Chicago Spire: Is It Back On?!  Survey Says...
Today is St Patricks Day and developer Garrett Kelleher seems to have the luck of the Irish.  For months years we’ve been speculating about the future of this sexy supertall. Unfortunately, in recent years, there’s been little to say about Streeterville’s deepest swimming hole. Just last summer, Curt Bailey and Related Midwest seemed poised to put the nail... Read more »

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 »
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