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Old July 29th, 2008, 11:59 PM   #1221
i_am_hydrogen
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^http://www.skyscrapercity.com/showthread.php?p=23314818
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Old August 13th, 2008, 04:18 PM   #1222
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http://www.suntimes.com/business/roe...eder13.article
ON THE MOVE: Michael Tobin, a star player in commercial real estate here for 33 years, has joined U.S. Equities Realty as senior vice president for development. He'll be in charge of breathing some life into the slowly developing plans for the Metra Market in the Ogilvie Transportation Center in the West Loop.

Tobin, 55, most recently was a partner at Northern Realty Group Ltd. He led development projects there, but Northern's main business as a consultant for retailers has been absorbed by CB Richard Ellis Inc.
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Old August 14th, 2008, 05:43 AM   #1223
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^ That's funny. I just met him at a job shadow I had there. And yes MetraMarket is moving along.
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Old August 14th, 2008, 03:08 PM   #1224
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I'm not one to use dancing bananas, but there are few things that could make me happier...
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Old August 15th, 2008, 07:03 PM   #1225
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28 N Franklin Located at the corner of Franklin and Calhoun in downtown Chicago will be a new 205,000 sf, 306-room hotel. At the base of the 26-floor hotel will be a restaurant and 4,000 sf of retail. On the top floor, the hotel will have an outdoor terrace and club for guests.

^This is the hotel proposed for that small lot north of UBS Tower.
---

August Plan Commission


A Lake Michigan and Chicago Lakefront Protection Ordinance application and a
proposed Residential-Central Area Parking District Planned Development
Application submitted by M & R Development, L.L.C., for the property generally
located at 171 North Wabash Avenue and 73 East Lake Street. The applicant
proposes to construct a 44-story mixed-use building with up to 321 residential
units
, approximately 25,000 square feet of retail/commercial space, and up to
431 off-street parking spaces of which up to 180 parking spaces may be nonaccessory.
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Old August 15th, 2008, 07:51 PM   #1226
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^ I am loving that little hotel on Franklin. What a great peice of infill.
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Old August 18th, 2008, 05:36 PM   #1227
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^ I don't see a podium...where are 431 parking spots going to go? I'd be impressed if they're underground
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Old August 18th, 2008, 06:42 PM   #1228
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Wabash streetscaping

Nothing new, but nice to get an update...
from the Trib
Under the 'L,' Wabash turns a new corner
Between State Street and Michigan Avenue lies a road less traveled, ripe for development of a new type of downtown living, including upscale shops, grocery and entertainment
By Robert Manor | Chicago Tribune reporter



http://www.chicagotribune.com/busine...999484.graphic
http://www.chicagotribune.com/busine...,2637947.story
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Old August 18th, 2008, 07:31 PM   #1229
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Quote:
Originally Posted by The Urban Politician View Post
^ I don't see a podium...where are 431 parking spots going to go? I'd be impressed if they're underground
Sorry, but I probably should have been more clear in my post. Those are two separate projects - one is a hotel on Franklin and the other is a residential building on Wabash.
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Old August 18th, 2008, 11:56 PM   #1230
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^ I'm still waiting to see the rendering of the Wabash/Lake street apartment bldg SpyGuy. That is going to be one very well located rental tower. Butt up against Hard Rock hotel, 2 blocks from House of Blues, stones throw from Chicago & Oriental Theatre, immersed in the Wabash-State street shopping and a holler from Millineum Park. And on top of the Loop El & subway! Which you may not need that much since you could walk to work.
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Old August 21st, 2008, 08:17 PM   #1231
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171 N Wabash

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Old August 21st, 2008, 08:41 PM   #1232
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Quote:
Originally Posted by spyguy View Post

171 N Wabash
So will that knock down the parking garage at Wabash/Randolph as well?

If not, that is a prime development spot as well.

Last edited by i_am_hydrogen; August 22nd, 2008 at 08:26 PM.
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Old August 21st, 2008, 09:01 PM   #1233
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Quote:
Originally Posted by spyguy View Post

171 N Wabash
Spyguy,

Is that building supposed to be the one @ 73 E. lake?

Last edited by i_am_hydrogen; August 22nd, 2008 at 08:26 PM.
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Old August 22nd, 2008, 04:48 AM   #1234
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Looks good. BUILD IT!
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Old August 22nd, 2008, 08:08 PM   #1235
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Hell yea.
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“Eventually, I think Chicago will be the most beautiful great city left in the world.” Frank Lloyd Wright
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Old August 28th, 2008, 08:42 PM   #1236
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Long-delayed MetraMarket gets construction loan

By Andrew Schroedter, Aug. 28, 2008

(Crain’s) — Developer U.S. Equities Realty LLC has secured a $25-million construction loan for MetraMarket, a long-delayed restaurant and retail emporium within the Ogilvie Transportation Center.

In a sign of the times, with the credit crunch pushing U.S. lenders to the sidelines, German bank Eurohypo A.G. stepped up to provide funding to Chicago-based U.S. Equities for the project's first phase, about 60,000 square feet.

Construction could begin within the next few weeks and the stores could open next summer, U.S. Equities said in a release.

MetraMarket is to consist of 100,000 square feet of rentable space underneath a stretch of tracks, and just north of the transportation center in an area bounded by Washington, Lake, Canal and Clinton streets. The street-level shops and stores were conceived as a retail gateway linking the Central and West Loop districts...

http://www.chicagorealestatedaily.co...ws.pl?id=30790
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Old September 16th, 2008, 07:05 PM   #1237
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Metra to open marketplace under Ogilvie
Commuters can shop, eat, officials say

By Richard Wronski | Chicago Tribune reporter
9:00 PM CDT, September 12, 2008

After years of delay, work will begin next week on transforming a two-block stretch of decrepit storage and parking space under the Metra tracks at the Ogilvie Transportation Center into a retail and dining center, officials said Friday.

The $42 million development, called MetraMarket, will feature a French market offering baked goods and produce, a CVS pharmacy, a cafe, retail shops and restaurants.

Metra and the developer, U.S. Equities Realty Inc., hope to tap into the West Loop's booming residential and commercial growth, and grab the attention of some of the 105,000 commuters who pass through each day.

MetraMarket will be built under the rail platform and tracks on property bounded by Clinton, Canal, Washington and Lake Streets. A brick building used for storage will be converted for the new use. A groundbreaking will be held Thursday...

http://www.chicagotribune.com/news/l...,5101512.story
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Old October 1st, 2008, 08:33 PM   #1238
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$40-million revamp of Inland Steel Building

By Alby Gallun, Sep. 03, 2008

(Crain’s) — The new owner of the Inland Steel Building plans a $40-million overhaul of the modernist Loop landmark, hoping to finance the project with $16 million in city and federal assistance.

Ten months after paying $57.3 million for the 19-story tower at 30 W. Monroe St., an investment group including New York-based Capital Properties LLC and celebrity architect Frank Gehry has asked two city panels to sign off on the renovation plan for the glass-and-steel structure, considered a pioneering architectural feat when it was completed in 1958.

One goal is to restore many elements of the building to their original appearance. In the lobby, the venture plans to remove the existing acoustical ceiling and bring back original lighting and also take out wood paneling that was installed in the 1980s, covering up the original black Belgian marble.

http://www.chicagoloopalliance.com/n...sid=28&cat=all
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Old October 2nd, 2008, 10:26 PM   #1239
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Quote:
Originally Posted by i_am_hydrogen View Post
$40-million revamp of Inland Steel Building

By Alby Gallun, Sep. 03, 2008

(Crain’s) — The new owner of the Inland Steel Building plans a $40-million overhaul of the modernist Loop landmark, hoping to finance the project with $16 million in city and federal assistance.

Ten months after paying $57.3 million for the 19-story tower at 30 W. Monroe St., an investment group including New York-based Capital Properties LLC and celebrity architect Frank Gehry has asked two city panels to sign off on the renovation plan for the glass-and-steel structure, considered a pioneering architectural feat when it was completed in 1958.

One goal is to restore many elements of the building to their original appearance. In the lobby, the venture plans to remove the existing acoustical ceiling and bring back original lighting and also take out wood paneling that was installed in the 1980s, covering up the original black Belgian marble.

http://www.chicagoloopalliance.com/n...sid=28&cat=all
What in the hell were people in the 80s thinking?!
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Old October 3rd, 2008, 07:09 AM   #1240
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Quote:
Originally Posted by skobabe8 View Post
What in the hell were people in the 80s thinking?!
Hey! DALLAS was a hit show back then.
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