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Old March 8th, 2006, 06:43 PM   #101
stylusx
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Misplaced architecture...

Actually to the south is one of the largest residential condominiums ever built....55 East Erie. Only separated from St. James' office by a small historic (protected) walkup.

To the north is the parking garage to 30 East Huron and worse, the old Crain's building which may be developed in the near future. Last year the Fordham Cathedral deal that fell through would have put a major development on the site. This may be a hint to the future. If the Fordham deal died for lack of financing in a risky market.....LR might have the same problem.

I still don't see a market for this building. You don't buy into a bubble and there most certainly is a bubble of glass and steel buildings in the area.
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Old March 9th, 2006, 05:21 AM   #102
danthediscoman
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Quote:
Originally Posted by stylusx
I still don't see a market for this building. You don't buy into a bubble and there most certainly is a bubble of glass and steel buildings in the area.
Keep in mind an unobstructed view or view at all for that matter right downtown in NYC is a unbelievable luxury...yes I know Chicago is not NYC but with that being said many of the new buildings that lack views make up for in architecture and interior design in NYC...and the more buildings built here in Chicago the less the views...but like NYC devolopments,71 east Huron seems to make up for what may be lacking in views with overall design that will attract buyers...Chicago is growing and some buildings are surely going to be masked by others but I wouldn't wish doom and gloom on this building just because of that.
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Old March 9th, 2006, 05:49 AM   #103
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I don't think this building will have any problems. It has a great location and a great design. Also when you through in he extras like canyon ranch it just makes it look even batter.
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Old March 10th, 2006, 03:30 AM   #104
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71 East Huron and local prices......

Chicago and New York are on different planets. Prices in New York have been climbing higher and faster than new buildings. In the River North/Streeterville area of Chicago prices have been falling for almost two years. The near north area has declined by 6.5% in the last year alone. There simply is a condominium glut in the area and this building, if it makes it to the financing stage will face an uphill battle.
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Old March 10th, 2006, 03:42 AM   #105
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Quote:
Originally Posted by stylusx
Chicago and New York are on different planets. Prices in New York have been climbing higher and faster than new buildings. In the River North/Streeterville area of Chicago prices have been falling for almost two years. The near north area has declined by 6.5% in the last year alone. There simply is a condominium glut in the area and this building, if it makes it to the financing stage will face an uphill battle.
I never was nor intended to compare the prices to New York just the concept of better design = better sales...No doubt there is an overabundance of condos but an overabundance of bland, boring, conforming designs...good design sells.
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Old March 10th, 2006, 03:47 AM   #106
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Exactly. There will obviously be towers that will fail, but the those that have good locations and designs will survive.
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Old April 5th, 2006, 05:52 PM   #107
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Major buildings set for Chicago, San Diego, Salt Lake City
'Church of the Future' planned now


By Pat McCaughan
Monday, April 03, 2006
[Episcopal News Service] The church of the future just may be connected to a high-rise. The Diocese of Chicago is moving forward with plans to erect a 64-story elliptical-shaped glass office and condominium tower, which will double its current space and help fund future ministry, said Michael Stephenson, canon for development.
Located on the city's upscale residential North side, the new building will house offices for the diocese, St. James Cathedral and Episcopal Charities and Community Services.

"The space will also include a 65,000 square-foot Canyon Ranch health and wellness center and restaurant, 100 hotel condominiums connected with Canyon Ranch and another 330 private condominium units," Stephenson said.

"It is planned that the new building will be the greenest high-rise building in Chicago, in the forefront of environmental and energy conservation designs," he said. The building, which will also include several floors of parking, is planned to replace the current five-story diocesan and cathedral office building, constructed in 1967.

The Chicago development mirrors a growing national trend among churches of all denominations seeking to maximize land use for ministry, said the Rev. Cindy Voorhees of Voorhees Design (see related story).

"Such churches are typically in inner cities where the real estate market has skyrocketed and a renaissance is occurring in the city and the church has now become again the center point of the city," said Voorhees, a church designer for 16 years and associate rector at St. John's Episcopal Church in Los Angeles. "The churches realize that they can be a more integral part of the city if they offer more direct services, so they partner with developers to do that."

In addition to Episcopal churches, Voorhees' current clientele includes Presbyterian, Baptist, Calvary and nondenominational churches, as well as a synagogue. Typically, such projects can include retail space and underground parking, as well as low-income and high-end housing units like condominiums.

"It's not everyone's model, but this is more millennium thinking, in my view. I think the church needs to become more entrepreneurial in the use of assets. Why not use the land for the benefit of the city and the church?" said Voorhees. "You have churches with a lot of land and very little parking, so they put in underground parking beneath retail outlets and it becomes one big happy family, a kind of symbiotic relationship where everyone wins."

Bishop William Persell of Chicago praised city officials for supporting the plan. "The building's design will be notable on the skyline of our great city, known for its architecture, and the new diocesan and cathedral center and the proceeds from the property lease will greatly enhance our mission," he said.

"Proceeds from the ground lease will fund future mission of the diocese in such areas as congregational development, church starts or more direct ministries," added David Skidmore, communications director.

Construction is expected to start in early 2007 with completion in late 2009.

Additionally, the plans for the new office center have sparked a renewed interest in refurbishing and rendering more accessible nearby St. James Cathedral, Skidmore said. "The Cathedral in tandem is considering innovative approaches to redesign of space in keeping with renovation plans developed in the 1980s that were never realized."

http://www.episcopalchurch.org/3577_73287_ENG_HTM.htm
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Old April 5th, 2006, 07:16 PM   #108
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So I guess the opposition to this building has been quelled.
__________________

for the Pelasgians, too, were a Greek nation originally from the Peloponnesus
The Roman Antiquities of Dionysius of Halicarnassus
http://penelope.uchicago.edu/Thayer/...assus/1B*.html

Macedonia, of course, is a part of Greece". Strabo, VII, Frg. 9
http://penelope.uchicago.edu/Thayer/...ragments*.html

But north of the gulf, the first inhabitants are Greeks called Epirotes....
Procopius
http://books.google.com/books?id=9m6...page&q&f=false
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Old April 5th, 2006, 08:37 PM   #109
BVictor1
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Quote:
Originally Posted by chicagogeorge
So I guess the opposition to this building has been quelled.
There really hasn't been too much opposition to this particular church-side highrise. Remember this is 71 East Huron which is next to St. James Episcopal Church, not Fourth Presbyterian.
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Old April 5th, 2006, 08:40 PM   #110
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Quote:
Originally Posted by BVictor1
Major buildings set for Chicago, San Diego, Salt Lake City
'Church of the Future' planned now


By Pat McCaughan
Monday, April 03, 2006
[Episcopal News Service] The church of the future just may be connected to a high-rise. The Diocese of Chicago is moving forward with plans to erect a 64-story elliptical-shaped glass office and condominium tower, which will double its current space and help fund future ministry, said Michael Stephenson, canon for development.
Located on the city's upscale residential North side, the new building will house offices for the diocese, St. James Cathedral and Episcopal Charities and Community Services.
Now if we can just get this applied to 4th Presbyterian
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Old April 5th, 2006, 11:22 PM   #111
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I don't really care what happens to 4th Presbyterian anymore. In fact, I'd be a little relieved to see it gone.
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Old April 7th, 2006, 01:00 AM   #112
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Quote:
Originally Posted by BVictor1
There really hasn't been too much opposition to this particular church-side highrise. Remember this is 71 East Huron which is next to St. James Episcopal Church, not Fourth Presbyterian.
Ok, that's what confused me. I thought these two were one in the same.
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for the Pelasgians, too, were a Greek nation originally from the Peloponnesus
The Roman Antiquities of Dionysius of Halicarnassus
http://penelope.uchicago.edu/Thayer/...assus/1B*.html

Macedonia, of course, is a part of Greece". Strabo, VII, Frg. 9
http://penelope.uchicago.edu/Thayer/...ragments*.html

But north of the gulf, the first inhabitants are Greeks called Epirotes....
Procopius
http://books.google.com/books?id=9m6...page&q&f=false
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Old April 18th, 2006, 03:56 AM   #113
spyguy
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Like I posted on SSP:

I found these on DeStefano's new website. They also state it is a 67 story tower.




^Nice glass. Sort of like 30 West Oak renderings

^Center of the world? Reminds me of "the Bean"

^LOVE that base. I think without that glass feature that extends onto the sidewalk people casually walking by might mistake the tower as an office building and not a residence/hotel.
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Old April 18th, 2006, 11:24 PM   #114
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Cool renderings. Thanks!
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Old April 19th, 2006, 02:01 AM   #115
BVictor1
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This building is probably my 3rd favorite design.
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Old April 19th, 2006, 10:11 AM   #116
forumly_chgoman
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The other being WV and Calatrava??
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Old April 20th, 2006, 02:52 AM   #117
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Quote:
Originally Posted by spyguy
lol. Is this one of those "only in Chicago" things? A massive skyscraper next to a tiny lowrise?
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Old April 20th, 2006, 07:33 AM   #118
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^ ???

they have plenty of skyscrapers next to lowrises in practically any city with a skyscraper
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Old May 19th, 2006, 05:58 PM   #119
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May 18, 2006 10:45 PM US Eastern Timezone
Canyon Ranch Selects Chicago and LR Development for Nation's First Urban Lifestyle Community
TUCSON, Ariz.--(BUSINESS WIRE)--May 18, 2006--Spa and wellness pioneer Canyon Ranch and Chicago's LR Development Company are joining to create luxury condominiums, a hotel and a combination spa and wellness center in a 67-story tower overlooking the Magnificent Mile. Canyon Ranch Living - Chicago will be the first urban application of Canyon Ranch's innovative hotel-residence-wellness center concept.


"Our two companies have emerged as the recognized leaders in our respective industries -- Canyon Ranch leading the way in creating the wellness lifestyle and LR setting the standard for upscale urban living," said Thomas Weeks, president of LR. "Working together, we will do nothing less than introduce an entirely new lifestyle concept, centered on healthier living, for discerning urban residents."

The high-rise will include 256 residential condominiums, 128 hotel condominiums, a world-class 65,000-square-foot health and wellness center, a 100-seat gourmet restaurant featuring fresh healthy food, and parking. Located adjacent to St. James Cathedral, the new tower also will house 48,000 square feet of offices for the Episcopal Diocese of Chicago.

The development appeals to buyers seeking sophisticated urban living combined with a healthy lifestyle. A team of highly credentialed Canyon Ranch wellness professionals, including leading physicians with access to famed Cleveland Clinic, will offer residents an integrated approach to well-being through exercise and fitness activities, medical evaluations, nutrition and stress management consultations, spa treatments, body therapies, and an ongoing lecture series.

"For many years we have been looking to find the right partner and location in the great city of Chicago, which is home to many of our resort guests," said Canyon Ranch President Kevin Kelly. "Our extensive research indicates many people are passionate about a wellness-based lifestyle. We have been courted by several Chicago-area developers. With LR, we have found a company with the expertise, value system and location that match our very stringent criteria and will result in a project that complements our growing portfolio of residential offerings. Canyon Ranch Living - Chicago will respond to an enormous emerging market demand by offering the most advanced wellness lifestyle community available today."

The first Canyon Ranch Living community is under construction in Miami Beach on oceanfront property and will open in 2007. Canyon Ranch Living - Bethesda, scheduled for 2008, was announced in April. With the announcement of the third Living community in Chicago, coupled with two renowned destination resorts, three SpaClubs and partnership with the Cleveland Clinic, Canyon Ranch is formulating one of the largest integrative wellness networks in the country.

Architect DeStefano and Partners has created a sleek, contemporary tower, which will feature a curved glass curtainwall rising from an elliptical footprint. LR's in-house Synthesis Architecture and Design group, leveraging its extensive experience with customized private residences, will create the interiors. Robert D. Henry Architects will design the hotel and wellness center.

The development site, at Huron Street and Rush Street, is steps from the North Michigan Avenue retail corridor, in the heart of a neighborhood that combines some of the city's most desirable residences with a thriving hospitality and entertainment scene. "In recent years, Chicago has emerged as a major tourist destination and the country's fastest growing residential downtown," Kelly added. "We are very excited to have the opportunity to introduce our concept to this market with a partner that shares our commitment to innovation and quality."

A Planned Development (PD) ordinance governing development of the Chicago site passed City Council in February 2006. As part of the PD, LR will contribute over $1.5 million to the City of Chicago Affordable Housing Opportunity Fund. Sales of the residences are slated to begin in fall 2006, with completion projected for 2010.
http://home.businesswire.com/portal/...95&newsLang=en
=================================
Canyon Ranch goes urban in plan for Chicago condos
By Levi J. Long
ARIZONA DAILY STAR
Tucson, Arizona | Published: 05.19.2006
advertisementTucson-based Canyon Ranch is planning to build a third "healthy living" residential community, this one in Chicago, as the company continues its quest to merge the wellness concept with high-priced residential developments.
Canyon Ranch and Chicago-based LR Development Co. are scheduled to announce the $450 million project today.
The companies plan to build Canyon Ranch Living-Chicago, a 67-story tower overlooking the Magnificent Mile, the city's renowned luxury shopping and entertainment district.
Touted as Canyon Ranch's first "urban lifestyle community," the high-rise will house a 65,000-square-foot health and wellness center, 256 luxury condos, 128 hotel-condominium rooms and more than 48,000 square feet of office space.
Along with other Canyon Ranch properties, the focus remains on health, with staff doctors, therapists and other specialists from the Cleveland Clinic available to serve residents. An exercise, fitness and spa center will be part of the center, merging with medical, nutritional and stress-management consultations, Canyon Ranch officials said.
The project is expected to break ground by early next year.
Canyon Ranch plans to break ground on another residential development this year in Miami Beach, Fla., and one in Bethesda, Md., is expected to open in 2008.
With plans to announce a new residential development every 18 months, Canyon Ranch has contemplated other potential sites in Los Angeles, New York City and Texas.
What makes the Chicago project different is its location in an urban center, said Kevin Kelly, president of Canyon Ranch. Behind New York City and Washington, D.C., Chicago ranks as Canyon Ranch's third-largest market for guests, Kelly said.
"It's a significant market for us," he said. "Chicago is a major urban hub in the country. We're going to be able to build in the heart of the city's retail and entertainment center."
Potential condo buyers should expect to pay between $1.2 million and $3 million for units ranging from about 1,600 to 3,000 square feet. Part of the complex will also include hotel rooms that can be purchased, similar to a time-share.
Susie Ellis, president of Spa Finder Inc., an international media and marketing company that tracks spa trends, said more residential developments are incorporating healthful-living programs into their plans.
"Canyon Ranch is in a good position to develop in Chicago," Ellis said. "This community is going to be like no other."

http://www.azstarnet.com/business/129824.php
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Old May 19th, 2006, 06:29 PM   #120
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"Sales of the residences are slated to begin in fall 2006, with completion projected for 2010. "

It looks like the construction will commence in middle- or late-2007. On the other hand, 71EH will have a serious competition with Mandarin Oriental whose sales center also opens in fall, and Shangri-La hotel units sales remain ongoing.
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