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Old June 29th, 2013, 11:18 PM   #121
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Old July 1st, 2013, 07:54 AM   #122
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Trail leads to Chicago for Oregon apartment developer

18 and 25 story towers on tap.


212-232 W. Illinois St.

Quote:
A Portland, Ore.-based based developer is blazing a trail to the Midwest with plans for two apartment towers in Chicago, including one in River North that has landed a $46 million construction loan.

Gerding Edlen Development Inc. is joining a construction boom that will add 5,200 new apartments to the downtown market in 2013 and 2014, according to Chicago-based Appraisal Research Counselors.

The projects in River North and Old Town, which will cost about $147 million combined, are the first in the Midwest for Gerding Edlen, an office and apartment developer that has a strong concentration in western states and in recent years has ventured into the East Coast.

The firm formed a joint venture last month with Chicago developer Fred Latsko to build a 25-story tower with 188 units at 212-232 W. Illinois St., which valued the River North site at $12.5 million, according to Cook County records. Mr. Latsko, who bought the property near Gene & Georgetti restaurant for $9.5 million in 2008, according to county records, maintains sole control of a landmarked former firehouse on the western portion of the parcel at 228 W. Illinois, where he is expected to open a restaurant of about 5,000 square feet.

Site preparation is under way, with construction expected to begin before the end of June, said Kelly Saito, president of the development firm. The joint venture has landed a construction loan of about $46 million from Charlotte, N.C.-based Bank of America Corp., according to Gerding Edlen. A spokeswoman for the bank could not immediately be reached for comment.

By the end of this year, Gerding Edlen plans to kick off an 18-story, 240-unit tower at 625 W. Division St. in Old Town, across the street from a Target store under construction on land that was once part of the Cabrini-Green public housing complex, Mr. Saito said.

Gerding Edlen bought that property for $5 million on March 14, county records show.

[...]
Read more: http://www.chicagorealestatedaily.co...#ixzz2XlY1NF5D
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Old July 2nd, 2013, 10:36 PM   #123
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St. Joseph's Hospital expansion on tap for N. Sheridan site


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Old July 9th, 2013, 02:08 PM   #124
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Hole-y shit!

Spire Site Smackdown Between Related And Kelleher



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A battle is brewing between New York-based Related Cos. and Irish developer Garrett Kelleher, who once planned to build North America's tallest building on a Chicago site overlooking Lake Michigan.

Last week, Related bought the soured $93 million in debt, penalties and interest backed by the Chicago property for about $40 million from Ireland's National Asset Management Agency, according to a person familiar with the property. And on Monday, a judge allowed Related to join prior foreclosure litigation.

Mr. Kelleher, however, isn't laying down his sword. His firm still holds title to the property, and last week it filed a court motion seeking to block or stall the foreclosure process, which was initiated by creditors in 2010. Mr. Kelleher still wants to build the 2,000-foot drill-bit shaped condo tower named the Chicago Spire, according to Tom Murphy, Mr. Kelleher's attorney.

Of course, Mr. Kelleher isn't Related's only obstacle. The company also would need to cut a deal with other creditors—including the construction company that dug the 80-foot-deep foundation hole—before taking title to the property. Jones Lang LaSalle handled the note sale for NAMA.

....
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Old July 10th, 2013, 10:37 PM   #125
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River Point Scores 225k Tennant



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McDermott Will & Emery LLP signed its anticipated lease in the River Point office development, and the law firm plans to stay a while.

The 20-year lease locks in the firm's commitment for about 225,000 square feet in the 45-story tower at the Chicago River and Lake Street until at least 2037, said Jeffrey Stone, a Chicago-based co-chairman of the international firm.

The firm in January confirmed it had a letter of intent with the building's developers — Houston-based Hines Interests L.P., Montreal-based Ivanhoe Cambridge and Chicago developer and restaurateur Larry Levy — but did not disclose the length of the deal at 444 W. Lake St.

Developers began work in January on the platform that will cover Metra and Amtrak rails on the site. That portion of the project, backed by $29 million in city tax-increment financing in exchange for a 1.5-acre park to be developed on the site, will be completed by the end of this year, said Greg Van Schaack, a senior vice president at Hines.

The new strip of riverwalk will open at that time, but because of construction of the tower — set to begin by mid-2014 — the park won't open until it is completed in late 2016 or early 2017, Mr. Van Schaack said.

[...]
Read more: http://www.chicagorealestatedaily.co...#ixzz2YfmtE8g5
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Old July 10th, 2013, 10:39 PM   #126
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Speaking of River Point, crews continue battling the muck as foundation work progresses:

Quote:
Originally Posted by harryc View Post

Now I see why all the piles were cut -almost- all the way through and left pointing up - the guy with the torch needs a crane to hold the top piece while he is cutting - then to take the (hot) piece of scrap over to the scrap pile. (7/3)

Got Piles ?




Beam that Tie-backs are bolted to bolted to each sheet pile.



(6/24)

Sheet piles will be perpendicular here- lotsa bolts. (they are much shorter).



Old style re-bar (the squared bar above their heads) next to modern stuff - anyone know the history of the old re-bar ?


busy river


Case is gone


leaving on well camoflauged hole ;-)


444 W lake
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Old July 10th, 2013, 10:46 PM   #127
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That last photo
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Old July 11th, 2013, 05:04 AM   #128
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AMLI Clark & Polk going up:

The two 12 story rental towers replace an earlier 50 story twin condo tower development that didn't survive the crash.


http://blog.chicagoarchitecture.info
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Old July 12th, 2013, 09:23 PM   #129
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73 East Lake


http://blog.chicagoarchitecture.info...-73-east-lake/


http://blog.chicagoarchitecture.info...-73-east-lake/
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Old July 13th, 2013, 04:20 AM   #130
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Some nice developments going on. The Spire battle is a joke.
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Old July 17th, 2013, 09:23 PM   #131
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150 North Riverside Drawings Emerge Ahead of Public Meeting


http://chicago.curbed.com/archives/2...ic-meeting.php

Quote:
It's developer John O'Donnell's turn to put on a show along the central riverfront. Immediately south of the under-construction River Point tower, an even larger office project known for now as 150 North Riverside is closer to liftoff. O'Donnell released renderings for the 1.2M square-foot edifice in advance of a July 31st informational meeting hosted by Ald. Brendan Reilly and the Fulton River District

http://chicago.curbed.com/archives/2...ic-meeting.php
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Old July 18th, 2013, 06:14 AM   #132
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Holy shit! That is an EPIC!
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Old July 18th, 2013, 11:02 PM   #133
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Crane up at the Catalyst site:

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Saying Nothing by swanksalot, on Flickr
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Old July 18th, 2013, 11:05 PM   #134
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Old July 19th, 2013, 01:35 AM   #135
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73 East Lake Tops Out


http://blog.chicagoarchitecture.info...-loop-skyline/
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Old July 19th, 2013, 01:43 AM   #136
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Hines Could Add 4 Floors, Take River Point To 702 Feet If They Want


http://blog.chicagoarchitecture.info...wth-potential/
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Old July 20th, 2013, 12:59 AM   #137
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170 floors for the main tower apparently:

Plan Commission OKs Post Office redevelopment



Quote:
The first phase of the West Loop plan calls for 2,155 rental units, 300,000 square feet of retail space and a two-level, 1,300-space automated parking garage at the Post Office.

Also part of that phase would be a glass-sheathed, 1,000-foot tower with 1,000 rental units, a 321-room hotel and 400,000 square feet of office space. Another 500,000 square feet of retail space are planned for the tower’s curving base along the Chicago River.

Along with other structures that would have retail space and parking, the first phase would cost about $1.5 billion, said Joseph Antunovich, president of the architectural firm involved in the project. That phase could be completed in seven to 10 years, with the entire project perhaps taking two decades, Antunovich said.

Phase two would include another 170-story structure that would rise 2,000 feet with antennas and become the tallest building in the United States, Antunovich said. Phase three would be another 1,000-foot tower, with apartments, a hotel and office space.

The cost for the entire project could run as high as $4 billion, Antunovich added.
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Old July 22nd, 2013, 06:58 PM   #138
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Arkadia Tower Work To Begin Soon



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The City has issued a work permit for foundation and utility construction at 765 W Adams, future site of Arkadia Tower. Observers detected the beginnings of work in late June but this permit arrived on Friday. The recently rebranded Arkadia Tower will climb 33 stories with 350 apartments and 356 parking spaces in a 5-story parking podium
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Old July 22nd, 2013, 07:13 PM   #139
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Will New Plan for Old Post Office Amount to Anything?

It's easy to be cynical...and Bill Davies' track record doesn't help.





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Old July 22nd, 2013, 09:42 PM   #140
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Loews Hotel at 435 N.Park yesterday:

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Loews Hotel Construction by ifmuth, on Flickr
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