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Old September 1st, 2006, 03:11 AM   #141
BVictor1
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NOW

OFFICIALLY

UNDER CONSTRUCTION!!!


:tup:
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Old September 1st, 2006, 03:17 AM   #142
i_am_hydrogen
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Great news!! Thanks, BVictor. I just changed the thread title.
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Old September 1st, 2006, 03:47 AM   #143
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I am so excited! This was one of my favorite projects. A very tall vintage style gem of a 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 1st, 2006, 04:40 AM   #144
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is it just me or does this one remind anyone of park tower
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Old September 1st, 2006, 04:58 AM   #145
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^Yep, if you look back a couple of pages I made a point to say that this building should not be built because of its striking similarity to Park Tower and close proximity to it. Not to mention all the rest of the beige in the area, especially 900 North, which this building will be in front of (if looking from the west). This will be nothing more than a tall building blending in with the rest of them. While were at it, let's build a tall black building in front of the Hancock.

Sorry about my rant but I had to say it.
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Old September 7th, 2006, 03:41 AM   #146
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September 6, 2006







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Old September 7th, 2006, 04:01 AM   #147
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Quote:
Originally Posted by chicagogeorge
I am so excited! This was one of my favorite projects. A very tall vintage style gem of a building!

Wow, chi-george, I can feel your excitement too!

Thanks for the update Retro!
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Old September 7th, 2006, 07:46 PM   #148
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Great shots Retrograde, I always look forward to your pics. very up to date.
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Old September 9th, 2006, 08:14 AM   #149
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Well holy hell. I never thought I'd see the day...
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Old September 23rd, 2006, 04:55 AM   #150
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http://www.globest.com/news/728_728/.../149236-1.html

Elysian Begins $275M Hotel/Residential Condo
By Marita Thomas


With final funding of $203 million from Hypo Real Estate Capital Corp., Elysian Worldwide has begun construction of Elysian Hotel and Private Residences. The 60-story tower at 11 E. Walton St. combines 188 hotel condo suites with 51 residential condos.

Two years ago, the developer acquired land at the corner of Walton and Rush streets, according to Mary Beth Malone, a partner along with David Pisor, CEO of Elysian Worldwide. “We originally designed a 39-story building,” she tells GlobeSt.com, “but later acquired a contiguous parcel.” This called for a redesign, which allows for a courtyard and four-story spa, dining and service-retail addition to the tower, “which we needed to expand in order to afford development of the full complex,” she says. The full parcel previously contained surface parking, some small buildings and a 7-Eleven convenience store.

The all-in cost is approximately $275 million, including the cost of the land, she says. Atlanta-based Arcapita is the project’s majority equity partner. Locally based Golub & Co. is the project manager, and its principals are also investors. The architect is Lucien Lagrange, also based here.

“Both the hotel and residential components are now 68% pre-sold,” Malone says. The hotel is expected to open in October 2008 and the first residences will be delivered in late 2008.

The hotel portion occupies floors seven through 26. Units are fully furnished and average 800 sf. Selling prices for a studio begin at $480,000 sf and range between $640,000 and $950,000 for one-bedroom suites. Hotel condos are sold fee simple and deeded with no monthly assessment.

“Owners can join a rental program under which they can opt to ensure use of their unit for 14 nights, 30 nights or 90 nights a year and obtain a respective 42%, 36% or 18% of the revenue their unit produces through rentals. Elysian manages the property and residents and hotel guests share all amenities.

The residential condos, either whole-floor or two to a floor, occupy the top 34 stories and range from 3,400 sf to 12,000 sf. Prices begin at $2.5 million and reach to $6.8 million for the penthouses. “Just one of the seven penthouses is unsold,” Malone says.

The construction loan from Hypo is at an undisclosed floating rate for three years with a one-year extension. The New York City-based lender is a subsidiary of Hypo Real Estate Bank International, which has headquarters in New York and Munich. “Given that [Elysian] is already 67% sold, it clearly will be a very successful project,” says Evan P. Denner, Hypo’s deputy CEO, in a statement.

The developer has formed an operating subsidiary, Elysian Hotels and Resorts. It sees the Chicago property as the first of an Elysian brand of hotel/residential projects. “We’re looking at gateway US cities, such as San Francisco, Los Angeles and Washington DC, and some resort locations,” Malone says. She expects to announce another location within six to nine months.
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Old October 21st, 2006, 06:03 AM   #151
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October 20, 2006



^ Looks like the caisson work is done



^ Driving sheet piles
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Old October 22nd, 2006, 05:37 PM   #152
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Nice work.
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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 October 29th, 2006, 07:11 PM   #153
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going forward
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Old October 30th, 2006, 03:49 AM   #154
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wowzers. I didn't know much of anything on this project and just read through the whole thread as if i was reading a story over the past two years. By the time I got to this page I thought the project was probably dead. that's awesome...I love this thing. really reminds me of Park tower, which is one of my favs. I love the tall and skinny.
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Old October 30th, 2006, 07:20 AM   #155
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I forget what was here before.. Can anyone jog my memory?
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Old October 30th, 2006, 05:34 PM   #156
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The State Street side of the site was occupied by a 7-Eleven with surface parking (barf) and a small strip of three or four shops. I don't remember what was on the Rush side.
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Straight from Michigan and Monroe in downtown Chicago!
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Old October 30th, 2006, 09:58 PM   #157
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Well said Geoff.....it was a very forgetable parcel before this, though I think I bought a few six packs in that 7-eleven
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Old November 2nd, 2006, 05:10 AM   #158
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I use to go in that 7-Eleven when I was little and went to school across the street. Oh the memories. Glad it is gone, I'd rather go into the Elysian.
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Old November 30th, 2006, 01:05 AM   #159
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http://biz.yahoo.com/prnews/061129/cgw039.html?.v=81

Charlie Trotter to Create Restaurants for Elysian Hotel and Private Residences
Wednesday November 29


Five-star chef Charlie Trotter will bring his superlative-culinary experience to the Elysian Hotel and Private Residences, flagship of a new ultra-luxury brand, under construction at 11 East Walton Street and scheduled to open in 2008. The venture marks Trotter's first collaboration in the U.S. and the latest success for the Gold Coast development.

"We talked with some of the nation's foremost chefs about creating a restaurant truly attuned to the quality and character of the Elysian. In Charlie, we found the ideal partner, whose standards of excellence equal our own," said David Pisor, founding partner and chief executive officer of the property's developer, Elysian Worldwide. "Widely regarded as one of America's finest chefs, Charlie is an icon and true innovator in the worlds of food and service. We couldn't be more thrilled about our association with him."

Responsible for all food and beverage operations at the Elysian, Trotter will create an exclusive restaurant open for dinner only -- his first new fine dining restaurant in Chicago since 1987 -- featuring the inspired and consistently flawless cuisine that is his trademark. Additionally, he will operate a second dining room, open all day, and oversee cuisine for in-suite dining, banquets and catering.

"Over the past two decades, I have had countless offers to partner with hoteliers all across America, but this is the first time I have felt a real meeting of minds," Trotter added. "David is a true visionary, and I look forward to working with him and his team to deliver a guest experience unlike any other."

Since opening in 1987, Charlie Trotter's eponymous restaurant in Chicago's Lincoln Park neighborhood has won international recognition including induction into the esteemed Relais & Chateaux and membership in Traditions & Qualite. One of only two Chicago restaurants to receive five stars from the Mobil Travel Guide, Charlie Trotter's has won ten James Beard Foundation awards and accolades as America's Best Restaurant from Wine Spectator magazine. In 2004 Trotter opened "C," a fine-dining seafood restaurant at the newly renovated One&Only Palmilla resort in Los Cabos, Mexico. Trotter also oversees all private dining at One&Only Palmilla, and operates their poolside casual restaurant, "Breeze."

Chef Trotter joins an all-star team behind the Elysian's success. International real estate developer Golub & Company is the project manager, and its principals are investors in the project. Lucien Lagrange, synonymous with the city's premier luxury residential towers and another local icon, designed the core and shell of the 60-story tower. Chicago-based Simeone Deary Design Group created the interiors for all public spaces and the 188 hotel suites. Above the hotel, 51 expansive, private residences from 3,400 to 12,000 square feet, provide stunning views of the city and the lake. Two years before the Elysian's scheduled completion, sales have reached 70 percent.
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Old November 30th, 2006, 02:19 AM   #160
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How about a new Charlie Trotter restaurant to give this site some real pazzaz...it's happening.
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