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Old April 12th, 2009, 12:23 AM   #1261
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http://www.chicagobusiness.com/cgi-b...rticleId=31610

About-face on housing in the Loop
By: Eddie Baeb April 13, 2009


The Daley administration's new plan for downtown aims to curb residential development in the Central and West Loop, a marked shift from the decades-long push for a "24-7" downtown that doesn't go dormant when the workday is done.

Part of a draft of the so-called Central Area Action Plan, the changes are a bid to preserve sites for new office towers and avoid some of the clashes that have arisen as residents have poured into downtown.
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Old April 12th, 2009, 12:45 AM   #1262
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^ I don't know why Crains is making this sound like such an "about-face". After all, even in the earlier plan the E. Loop, River North, and South Loops were to be heavily residential, while the Central and West Loops would lean towards office development.

I'm guessing that the author of this article simply had never read the 2003 Central Area Plan
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Old April 12th, 2009, 06:42 AM   #1263
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This is actually good news for the current developments in central and west loop area. No more competition for them in the next few years.
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Old April 30th, 2009, 12:40 AM   #1264
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http://www.chicagorealestatedaily.co...ws.pl?id=33862

Foreclosure suit hits Chicago Athletic Assn. hotel conversion
By Alby Gallun, April 29, 2009


The foreclosure wave has crashed over a joint venture that planned to convert the Chicago Athletic Assn. property on South Michigan Avenue into a 300-room Omni hotel.

The partnership of Atlanta-based Songy Partners LLC and Cleveland-based Snider-Cannata Interests LLC failed to pay back a $26.2-million loan when it matured last August, according to a foreclosure suit filed by the lender, Anglo-Irish Bank Corp.
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Old May 13th, 2009, 07:00 PM   #1265
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http://www.chicagorealestatedaily.co...ws.pl?id=34021

Reschke planning another LaSalle St. hotel
By Eddie Baeb, May 13, 2009


Developer Michael Reschke is doubling down on hotels in the Loop.

Mr. Reschke is close to a deal to bring a high-end boutique hotel that could have as many as 245 rooms to the historic Roanoke Building at 11 S. LaSalle St., sources say.

The new hotel, an Edition, would compete with a project Mr. Reschke has under way just two blocks south at 208 S. LaSalle, where the chairman and CEO of Chicago-based Prime Group Inc. is developing a 610-room J. W. Marriott hotel.

...Sources say the hotel would be in the upper floors of the 35-story tower and include an outdoor garden terrace atop the low-rise portion of the building.

----

While I'm not sure if having another hotel next to that new 600 or 700 room JW Marriott and new La Quinta is a good thing at this time, hopefully in the future it will add more life to downtown at night.
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Old May 13th, 2009, 07:26 PM   #1266
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Throw the W Hotel into the mix and you have a serious concentration of rooms in that area. JW is not scheduled to open till sometime in 2010 so hopefully we'll see some tourism numbers increase by then.

They key will be if the restaurant/nightlife follow these hotels into this part of downtown.
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Old May 14th, 2009, 08:06 PM   #1267
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http://www.skylinenewspaper.com/News...s_disagreement

Plan for LaSalle tower sparks disagreement
Preservationists take different stances on N.Y. Life neighbor
05/13/2009 10:00 PM

By IAN FULLERTON


...The city’s Committee on Historical Landmark Preservation passed a recommendation May 11 to amend the Chicago landmark designation of the New York Life Insurance Building, 39 S. LaSalle. The amendment would permit revised construction plans for the property next door at 29 S. LaSalle, where developer Hamilton Partners intends to build a 51-story hotel/office tower.

...In late 2008, the developer reemerged, this time with a new architect, Goettsch Partners, and a new plan.

The revised design called for considerably less encroachment. Originally set to cover nearly 60 percent of the New York Life footprint, the latest plan scaled back the development to infringe on less than one-third of the property, according to the city.

The architect scrapped initial designs, which would sit the development right on top of the New York Life building in favor of a partially-cantilevered support system, putting a three-story gap between the two skyscrapers. The new plan spared much of the building’s interior features, including its historic lobby.

...“It’s a travesty,” he said. “This can hardly be called an historic preservation.”

According to Fine, Preservation Chicago advocated for a “tall, thinner building” to be built on the property, which would make the encroachment a non-issue.
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Old May 14th, 2009, 10:05 PM   #1268
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^So 29-39 not dead after all, huh? I'm a bit confused, though. So the old design was scrapped, Goettsch was brought in in 2008, and a new plan was cooked up? I wonder when and where the Goettsch design was presented. Glad they're on board, though; the old design for this plot was pretty boring and disrespectful of New York Life, and Goettsch has produced some quality buildings, if a little generic and redundant.
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Old June 10th, 2009, 02:47 AM   #1269
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Old Post Office

I thought we had a seperate thread for the Old Post Office somewhere. Perhaps not.

Back to square one.


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http://www.chicagotribune.com/busine...,2731076.story

Old Chicago post office to be auctioned
By Mary Ellen Podmolik | Tribune staff reporter
1:35 PM CDT, June 9, 2009

The U.S. Postal Service postal service announced Tuesday that, after more than a decade of trying to sell the 3-million-square-foot former Chicago facility through conventional channels, it has decided to auction it to the highest bidder.

While the suggested opening bid for the facility that spans the Eisenhower Expressway is $300,000, there is no minimum bid, and the facility could sell for less said postal service spokesman Mark Reynolds.

Rick Levin & Associates, Inc., will conduct the Aug. 27 auction.

The 14-story, 77-year-old building has been vacant since 1995 when the Postal Service moved to a new building on Harrison Street. Since then, ideas that have been floated for the space have included a casino, a water park and a hotel.

Two years ago, the city gave initial approval to a $300 million plan, including $62 million in local and federal incentives, from investment firm Walton Street Capital to develop the complex into condos, offices and a hotel. However, the Postal Service was unable to finalize a deal with Walton Street, Reynolds said.

Going forward, any buyer's plans will have to contend with a difficult commercial lending environment. "We're not in the real estate business," Reynolds said. "We're not the persons to say what the obstacles to developing it might be. Obviously there's a lot of unique logistics, not to mention a freeway running through it."

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Old June 15th, 2009, 07:32 AM   #1270
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22 S Wabash (Sullivan Storefront)

Progress underway on rediscovered Louis Sullivan storefront renovation, 22 S Wabash. Bonus double Sullivan (Jewellers' Building) reflection.

6/14:

image hosted on flickr
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Old July 16th, 2009, 01:40 AM   #1271
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400 W Randolph - 1.2 msf office tower, 20,000 sf retail + riverwalk




11 South LaSalle - Edition Hotel - 245 rooms, rooftop bar on 23rd floor, ground floor restaurant and bar

"Internationally acclaimed lighting designer Pierre Arnault has been retained to design the exterior lighting system, which will focus on illuminating the window arches and the intricate terra cotta detailing."

^I'm not sure if they mean Pierre Bideau.

Last edited by spyguy; July 16th, 2009 at 02:03 AM.
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Old July 16th, 2009, 08:23 PM   #1272
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Quote:
Originally Posted by spyguy View Post
400 W Randolph - 1.2 msf office tower, 20,000 sf retail + riverwalk
Proposed? Approved? Random doodles discovered on the interwebbie?

Kinda surprised to even see this after they delayed River Pointe. Maybe trying to time it for when the economy picks back up.
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Old September 2nd, 2009, 02:59 AM   #1273
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http://www.chicagorealestatedaily.co...ws.pl?id=35325

In brief: Willis Tower GM | Wrigley taps Colliers | Strategic Hotels board
By Staff, Sep. 01, 2009


Wrigley hires Colliers to lease former health club

Colliers Bennett & Kahnweiler Inc. has been tapped to find a tenant for the 60,000-square-foot building at 441 N. Wabash Ave., formerly home to Lakeshore Athletic Club. The property, which is owned by Wm. Wrigley Jr. Co. and is in the shadow of the nearby Trump International Hotel & Tower, has been vacant since the fitness center’s lease expired in September 2007. The building could be leased for a myriad of uses, says David Miller, a senior vice-president at Colliers. “We’re looking to see what’s out there,” he says.
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Old September 2nd, 2009, 08:31 PM   #1274
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I've always thought that site, and the parking lot just to the North, were perfect for re-development (i.e. high rise, hotel, whatever). Too bad we're not in an economy that would favor such a move.
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Old September 2nd, 2009, 11:07 PM   #1275
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I agree. Even with the horrible design planning (blank wall Nordstroms, blank wall brick base River Plaza) that if decked over that could provide an amazing civic and pedestrian space.

........I have for a while envisioned knocking down that Nordstroms and building an inclined ped street or Spanish steps bisecting two new buildings where Nordstroms is that would lead people up from Grand Ave, up to a new decked plaza connecting Michigan/Wabash.

Even if Nordstrom stays for another few decades that could be worked around however.
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Last edited by nomarandlee; September 2nd, 2009 at 11:17 PM.
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Old January 27th, 2010, 03:00 AM   #1276
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New firm, new project

http://www.bklarch.com

January 2010
Dutch developer INNO Plan BV has selected Brininstool, Kerwin and Lynch to design a new high-rise housing project in downtown Chicago. Construction is slated to begin in late summer 2010.

...As a result, Brininstool, Kerwin and Lynch is already working with Dutch developer INNO PLAN BV to design a large Chicago housing project.
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Old January 27th, 2010, 07:49 PM   #1277
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Yikes! Is the construction pipeline starting to fill up again?
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Old April 27th, 2010, 04:30 AM   #1278
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Adler School of Professional Psychology
17 N Dearborn
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Old April 27th, 2010, 04:00 PM   #1279
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^Wrong address in the link. I thought Adler took over the space at 10 N. Dearborn. 17 would have to be on the east side of the street.
Thanks for the update SG.
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Old April 27th, 2010, 04:03 PM   #1280
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OOOPS. Your not wrong SG, but Adlers own map shows their building on the west side of Dearborn where the addresses are Even numbered.
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