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Old June 14th, 2005, 06:00 AM   #121
kayosthery
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I worked on The Heritage, and there is a good chance that the company I work for, Walsh Construction Co. of IL, will get this one too. I will be taking a project management position with them later this summer after I finish school. Good chance this could be my first building.
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Old June 14th, 2005, 07:31 AM   #122
geoff_diamond
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Congratulations! You'll have to keep us updated on any inside information you may come across.
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Old June 15th, 2005, 03:54 AM   #123
kayosthery
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I certainly will.
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Old June 15th, 2005, 04:58 AM   #124
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Quote:
Originally Posted by kayosthery
I certainly will.
^Are you that Apprentice guy?
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Old June 15th, 2005, 05:11 AM   #125
kayosthery
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No, but it would have been nice to be making $250,000 working for Trump last year.

I'm a laborer foreman for Walsh Const. I've been working on highrises for 8 years and I'll be switching over to project management after I finish school this summer.

About "The Legacy", the talk around the trailers is that Walsh did a good job on "The Heritage" so we have a good shot at winning this contract as well.
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Old September 10th, 2005, 04:56 PM   #126
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June 22, 2004

Newcastle Limited to Conduct Sealed-Bid Offering for Three Loop Commercial Buildings for The Art Institute of Chicago.


CHICAGO - Newcastle Limited has been retained by The Art Institute of Chicago to conduct a sealed-bid offering for three Loop commercial buildings, located in Jewelers Row on the east side of Wabash Avenue between Madison and Monroe Streets, announced Michael R. Haney, President of Chicago-based real estate firm. Newcastle Limited is a national real estate advisory and development firm serving not-for-profit corporations, institutions, investors, corporations and governmental agencies.
According to Haney, The Art Institute acquired the buildings in 1999 for potential use as school facilities, but has since determined that proceeds from the sale of the buildings will best be re-deployed to support its core mission. The deadline for submitting proposals is July 15, 2004. The buildings will be offered individually or as a package.

The properties are located at 21-29 South Wabash Avenue within the City of Chicago's "Jewelers Row District," which was designated a Chicago Landmark in July of 2003. The five- and six-story wood-framed brick structures, built between 1872 and 1881, comprise a total land area of 28,400 SF and 176,700 SF of office and retail space including one level beneath grade.
"Although significant capital improvements would be required to achieve the upside potential of these buildings, they are diamonds in the rough, and they are in one of Chicago's best locations in close proximity to Millennium Park, Lake Michigan and the State Street shopping area. A purchaser may use the financial benefits of historic tax credits, the Historic District designation, the existing TIF district, and the lower real estate taxes available through Cook County's "Class L" incentive program to add value to these assets," he said.

The site is zoned B6-7 allowing a base floor-area ratio of 16.0. "The key to unlocking the value of these facilities is either the development of the 27,200 SF of street-level retail space with creative reuse of the upper floors or the redevelopment of the entire parcel combined with the additional development rights and Monroe Street access provided by the adjacent Art Institute-owned corner building into a mixed-use, high-rise project. The 'East Loop' market, which historically has been a corridor of an eclectic mix of retail and office users, is positioned for rejuvenation as a result of recent successful residential developments and the demand for retail space and other amenities," he said. According to Haney, the properties are being marketed to Chicago-area developers, not-for-profit organizations, retail property investors, and owners of similar and nearby properties.
The Jewelers Row Historic Landmark District is bounded by Washington Street on the north, Monroe Street on the south, State Street on the west, and Garland Court on the east. Those structures in the district, designed by some of Chicago's most significant architects and built between 1872 and 1941, represent many important building types including post-Chicago Fire and Chicago School loft manufacturing, mercantile and office buildings and early 20th Century skyscrapers.

Recently Newcastle Limited represented 73 owners in the $35,000,000 disposition of the historic, 1,300,000 SF, 14-acre South Water Market; represented Loyola University Chicago in the disposition of its 17-acre Mallinckrodt Campus to the Wilmette Park District; represented Baxter International in a sealed-bid disposition of a 70-acre development property in Lake County; and represented the Eleanor Women's Foundation in the disposition of its 1550 North Dearborn Parkway building to The Latin School of Chicago. The company is currently representing Loyola University Chicago in the development of a 24,800 SF high-rise site within its Water Tower Campus and Metropolitan Family Services on the sale of 116 acres on the Fox River in McHenry County.

Chicago-based Newcastle Limited is a national commercial real estate firm serving governmental agencies, institutions, not-for-profit organizations, corporations and private investors. The firm's strategic advisory, development and investment services are designed to reduce project risk and maximize asset value. To learn more about Newcastle, call Mike Haney at (312) 252-1401 or visit the company website at www.newcastlelimited.com.
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Old September 10th, 2005, 04:58 PM   #127
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Newcastle Limited Negotiates Sale of Jewelers Row Properties to Mesa Development

Newcastle Limited represented the Art Institute of Chicago in the sale of three buildings located at 21-29 South Wabash Avenue to Chicago-based Mesa Development in a sealed-bid transaction.

(PRWEB) September 10, 2005 -- Newcastle Limited represented the Art Institute of Chicago in the sale of three buildings located at 21-29 South Wabash Avenue to Chicago-based Mesa Development in a sealed-bid transaction.

Located in the Wabash Avenue and State Street retail corridor, the Jewelers Row Properties consist of three buildings: 21-23 South Wabash, 25-27 South Wabash, and 29 South Wabash totaling 176,700 gross square feet of space on a 28,400 square-foot site.

“We are pleased to complete this complex transaction for the Art Institute because it eliminates ownership costs for three underutilized buildings and it provides more than 40,000 square feet of brand new expansion space for the School in the base of Mesa’s new tower” said S.L. van der Zanden, Managing Principal of Newcastle Limited.

Mesa Development purchased the buildings to construct a 71-story, 360-unit residential condominium building that will feature unobstructed views of the lakefront and Millennium Park. The luxury residences will occupy the building’s 15th through 71st floors and will be accessed at 60 E. Monroe via an easement through the School of the Art Institute’s headquarters at the corner of Monroe and Wabash. The School of The Art Institute of Chicago will occupy space on the second and third floors which will be connected directly to their adjacent property. In addition, an 18,000-square-foot athletic facility with a pool, squash courts and workout rooms will be developed on the 13th and 14th floors of the project for the University Club of Chicago and connected to the Club via a 13th-floor sky bridge.

About Newcastle Limited
Newcastle Limited is a national commercial real estate firm serving institutions, not-for-profit organizations, corporations, and private investors. The firm’s strategic advisory, development and investment services are designed to reduce project risk and maximize asset value. To learn more about Newcastle, call Mike Haney at (312) 252-1401 or visit the company website at www.newcastlelimited.com.

About Mesa Development
Mesa Development is a real estate development and investment company with proven leadership in the development, design, and construction of a wide range of residential, mixed-use and corporate developments. Recent projects include the nearby “Heritage at Millennium Park” with luxury residential condominiums at Wabash and Randolph.
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Old September 10th, 2005, 07:09 PM   #128
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Is this the Legacy at Milenium Park or is this a different building, I ran the address at emporis http://www.emporis.com/en/wm/bu/?id=206929 ,
it comes up with a never built 37 story building, I ran 21-39 also http://www.emporis.com/en/wm/bu/?id=229842

so I am confused if these two are the same building or not
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Old September 10th, 2005, 08:30 PM   #129
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Quote:
Originally Posted by chgoman
Is this the Legacy at Milenium Park or is this a different building, I ran the address at emporis http://www.emporis.com/en/wm/bu/?id=206929 ,
it comes up with a never built 37 story building, I ran 21-39 also http://www.emporis.com/en/wm/bu/?id=229842

so I am confused if these two are the same building or not
Both of those links are correct. The one that has the rendering of the tower is what it will look like. I don't know about the unbuilt building that you mentioned, but the Legacy will be 71-stories and about 822'
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Old September 16th, 2005, 09:12 AM   #130
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Could somebody (Steely, ahem..) please change the name of this thread to The Legacy at Millennium Park?
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Old September 16th, 2005, 09:25 AM   #131
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Quote:
Originally Posted by The Urban Politician
Could somebody (Steely, ahem..) please change the name of this thread to The Legacy at Millennium Park?
Might as well correct the height of it as well...
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Old September 17th, 2005, 04:51 AM   #132
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I swear I completely forgot about this one!
This is a pretty nice sized building. I'm glad the city council approved it last spring. Let's get this baby built!
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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 September 19th, 2005, 03:49 AM   #133
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Here we go:::Today's Tribune Real Estate Section 09/18/05

www.TheLegacyatMillenniumPark.com
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Old September 19th, 2005, 04:00 AM   #134
chicagogeorge
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That is a pretty sleek looking building!
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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 September 19th, 2005, 04:07 AM   #135
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That site has been up for the longest of times I thought. They even mentioned it on the Heritage's site in case people who didn't get a unit could still have one in another tower.
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Old September 19th, 2005, 03:43 PM   #136
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Quote:
Originally Posted by spyguy999
That site has been up for the longest of times I thought. They even mentioned it on the Heritage's site in case people who didn't get a unit could still have one in another tower.
I don't think so. I believe that it's brand new, and if it isn't, I'd certainly have to ask why the hell it wasn't posted in the past if people knew about it?

Never the less, it's the first time that there was an add within the Real Estate section of the paper. There was a beautiful color rendering also.
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Old September 19th, 2005, 11:43 PM   #137
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I don't know. I've visited the site well before you posted the link. I thought other people knew of it since their picture in the flash intro was already posted (I even took a screenshot but that stupid dove lady was in the way ).
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Old September 25th, 2005, 03:34 AM   #138
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Saw this today:

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Old September 25th, 2005, 05:36 AM   #139
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I think that's a classy ad.
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Old September 25th, 2005, 09:18 AM   #140
chgoman
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mountains rising

It would be truly awesome if we could get this built as well as Calatrava, Waterview, Trump, Mandarin, and 830 S. Michigan ( 70 stories so I am thinking arouund 800 ft give or take).

Wow think of it Legacy at 822, Calatrava at 2000, Waterview at 1050 Trump at 1360, Mandarin at close to 900, and 830 S. Michigan at prob somwhere around 800.

That is some serious height addition to the Midwest mountain range.

To bad we can't get a rendering to give us an idea of how spectacular it would be.

Oh I almost forgot :

Do you have an update for the content on this page?
[Write to Emporis] [Become a photographer]

Identification
Official name 29-39 South LaSalle
Emporis Building Number 238151

Location
Address *
Bordering street #1 South LaSalle Street*
Bordering street #2 West Monroe Street*
Postcode *
Neighborhood Loop*
District Downtown*
City Chicago
Country U.S.A.

Technical Data
Height (struct.) 265 m 870 ft
Height (roof) *
Floors (OG) 51


SO that is 7 at 800 or more AMAZING i hope they get built

Last edited by chgoman; September 25th, 2005 at 09:29 AM. Reason: i forgot something
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