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Old April 13th, 2013, 05:51 AM   #61
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Boutique Office Tower Planned for 645 W Madison


http://torquelaunch.com/portfolio/hines-645-madison/

Quote:
'Boutique' is relative. But when a certain developer (Hines Interests) is breaking ground on the largest office tower in years (River Point) in a city that clamors for ever-taller office towers, a 20-story downtown development is downright petite. The building will cover about half of a two-acre vacant parcel at Madison & Des Plaines. The other half, we understand, still belongs to MR Properties which may or may not have interest in a hotel plan down the road. The architect is unknown to us, but it's probably not SCB as in a previous iteration.

http://torquelaunch.com/portfolio/hines-645-madison/
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Old April 13th, 2013, 05:57 AM   #62
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City Land Sale Will Lead To New South Loop Apartment Tower


Curbed

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A City-owned parking lot in the South Loop will be redeveloped into a 39-story apartment tower through a land sale approved today by City Council.

The 39,000-square-foot site on the southeast corner of 9th and State streets will be sold for $6 million to Ninth St. Investors LLC, the successful respondent to a request for proposals (RFP) issued by the City in 2010. The goal of the RFP was to foster the site’s redevelopment with a high-quality, mixed-use building containing ground-floor retail uses and on-site parking.

The $111 million tower designed by SCB Architects will include 396 market-rate rental units, 9,500 square feet of ground floor retail space, and four levels of parking for at least 248 cars.

As a requirement of the proposed sale, the developer will pay $4 million into the City’s Affordable Housing Opportunity Fund. The fund assists with the construction of affordable housing developments throughout the city.

The complex will create more than 50 full-time building operations and retail jobs and more than 300 temporary construction jobs. Construction will begin in 2014.
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Old April 13th, 2013, 01:43 PM   #63
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nice wave-design
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Old April 14th, 2013, 07:02 PM   #64
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Developer gets loan: 'It was like wrestling down a greased pig'


http://**************/catalyst-back-...k-again/21824/

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By: Alby GallunApril 12, 2013

A joint venture led by the Marquette Cos. has broken ground on a 223-unit apartment tower in the West Loop after landing a construction loan for the project.

J. P. Morgan Chase & Co. provided a roughly $46 million loan to finance Catalyst, a 19-story tower at 630 W. Washington St., said Darren Sloniger, managing director of acquisitions for Naperville-based Marquette. The loan closed Tuesday and construction crews began foundation work Wednesday, he said.

Marquette is the latest apartment investor to ride a development wave that’s projected to add more than 5,200 units to the downtown market by the end of next year. All the construction has sparked concern about a potential glut, but Mr. Sloniger doesn’t think Catalyst is vulnerable, saying most development so far has been in other parts of downtown.

“Generically, it competes with us, but I think we have a unique location,” he said. The project’s proximity to West Loop office towers will give it an edge in attracting people who want to live close to where they work, he said.

Marquette is developing the building in a joint venture with El Paso, Texas-based Hunt Cos. and Armonk, N.Y.-based Kayne Anderson Capital Advisors L.P., Mr. Sloniger said. He declined to disclose much the project will cost but said rents will be around $2.70 a square foot. That’s high but well below levels at the city’s most expensive buildings. Rents at several downtown towers opening this year and next are likely to exceed $3 a square foot.

Catalyst will include an amenity deck with outdoor pool on the building’s 19th floor. It also includes about 15,000 square feet of ground-floor retail space that will be occupied by a Walgreens store.


Marquette has been one of the busiest apartment investors in the Chicago market the past few years, paying about $70 million in 2012 for a 278-unit South Loop high-rise. The firm also broke ground last year on a 220-unit apartment complex in Algonquin and plans a development in downtown Naperville that will include a hotel and retail and office space.

[...]
Read more: http://www.chicagorealestatedaily.co...#ixzz2QSCm8IaY
Stay up-to-date on Chicago real estate with our free, daily e-newsletter
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Old April 16th, 2013, 04:03 AM   #65
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Big, Bold Tower Design Targets Michigan & Roosevelt

A 64 story tower is planned for a two acre parcel at Michigan and Roosevelt.











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Old April 16th, 2013, 08:54 AM   #66
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I usually don't like wonky architecture, but I gotta admit, that's pretty sweet. Hope it gets built.
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Old April 16th, 2013, 11:16 PM   #67
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seems amazing!
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Old April 17th, 2013, 01:00 AM   #68
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What did they do at the Spire place ?
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Old April 17th, 2013, 07:28 PM   #69
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Quote:
Originally Posted by Avemano View Post
What did they do at the Spire place ?
The Spire site is currently for sale so no plans out there just yet...
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Old April 17th, 2013, 07:29 PM   #70
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The Godfrey Hotel back in action and finishing up:


http://blog.chicagoarchitecture.info...=Google+Reader
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Old April 21st, 2013, 06:45 PM   #71
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73 East Lake to the left:

image hosted on flickr

Trump's View by jnhPhoto, on Flickr
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Old April 21st, 2013, 08:07 PM   #72
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Quote:
Originally Posted by desertpunk View Post

The Spire site is currently for sale so no plans out there just yet...
Hopefully anyone will build it with the original plans. But i know the chances are very low
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Old April 22nd, 2013, 09:23 PM   #73
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AMLI River North Beginning to reveal its finishes:

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Originally Posted by harryc View Post

4/19


4/17

Raw concrete in the rain

4/18


4/15
Pool deck on top of the garage


453 N Clark AMLI Ground Prep to today

421 N Clark - Greenway Garage Site prep to today
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Old April 22nd, 2013, 09:24 PM   #74
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Originally Posted by ZZ-II View Post
Hopefully anyone will build it with the original plans. But i know the chances are very low
The Related Co.s is reportedly interested. They are developing supertalls in NYC...
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Old April 23rd, 2013, 12:54 AM   #75
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Coast at Lakeshore East blends right in:

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Coast by ifmuth, on Flickr
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Old April 23rd, 2013, 12:57 AM   #76
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Tri-Hotel with AMLI in background, both nearing completion:

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Clark Street Construction by ifmuth, on Flickr
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Old April 23rd, 2013, 12:59 AM   #77
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435 N. Park April 17:

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435 Park Tower by ifmuth, on Flickr
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Old April 25th, 2013, 08:08 PM   #78
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Marquette Starts 19 Story West Loop Tower- "Catalyst"



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CHICAGO- The Marquette Companies just announced that they broke ground this month on Catalyst, a 19-story luxury rental building located at 630 W. Washington in Chicago’s burgeoning West Loop. The development is a joint venture between the Naperville-based firm and El Paso-based Hunt Cos. and New York-based Kayne Anderson Real Estate Advisors.

“It will be completed by September 2014 and we’ll start delivering units by the first of June,” says Darren Sloniger, managing director of acquisitions for Marquette. The building will have 223 apartments including studios, one-bedrooms, two-bedrooms and three-bedrooms and average 910-square-feet. Rents will average $2.70 a square-foot.

“This has been a much anticipated development for downtown Chicago and we’re very excited that construction is now underway,” Sloniger adds. He expects the Catalyst will attract the high-earners flocking to the West Loop’s office district. “They are our first-round draft picks. This is a great walk-to-work situation and you can also walk to all the major transit lines.”

Other neighborhood developers have the same idea. Fifield Companies has begun putting the finishing touches on K Station, a 2,145-unit luxury apartment complex just a few blocks from the Catalyst site. "Google employees are our ideal [tenant] profile," Steve Fifield told DNAInfo.com in February, referring to the hundreds of Google employees that will soon arrive at the nearby Merchandise Mart.

Catalyst will also have a Walgreens in a 13,000-square-foot space on the first floor. A smaller retail space with about 1,200-square-feet has not been leased yet.

-----

http://www.rejournals.com/2013/04/24...the-west-loop/
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Old April 25th, 2013, 08:13 PM   #79
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Video of the recently completed K2 at K station:

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Old April 29th, 2013, 04:43 AM   #80
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Optima Center shines:

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Originally Posted by harryc View Post
April 23


April 26








Optima - many more shots
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