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Old September 6th, 2007, 02:39 AM   #141
spyguy
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http://chicagorealestatedaily.com/cg...ws.pl?id=26248

Lehman sells interest in Streeterville development

By Alby Gallun
Sep. 05, 2007


Lehman Bros. has cashed out of a once-troubled mixed-use development in Streeterville about two years after bringing in Centrum Properties Inc. to turn around the project.

...Mr. McLinden expects to begin construction this fall on a second condo tower, the St. Clair, which is about 35% sold, he says. A third tower is planned between the first two that would include 200 condos and a 350-room five-star hotel.

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Old September 14th, 2007, 03:18 AM   #142
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The newest tower opening will be Sept 18 just got the mass invite email they send out.
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Old September 16th, 2007, 12:43 AM   #143
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Here's a slightly different rendering than the one spyguy posted above. It's from a picture I took of a sign in front of the Cityfront Plaza parking garage.

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Old November 3rd, 2007, 11:26 PM   #144
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Has construction showed any sign of being imminent at the st claur site? they said construction would begin this fall!
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Old December 17th, 2007, 07:00 AM   #145
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December 12, 2007

The Fairbanks at Cityfront Plaza
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Old December 24th, 2007, 01:14 AM   #146
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December 19, 2007

The Fairbanks at Cityfront Plaza
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Old March 12th, 2008, 07:18 AM   #147
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Today
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Old March 13th, 2008, 01:14 AM   #148
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(self edit)

Last edited by wrabbit; March 24th, 2008 at 01:46 AM.
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Old March 24th, 2008, 01:45 AM   #149
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23 March



These would be apartments/condos fronting the garage, Vancouver style?



Somewhat more plebeian on the East face

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Old May 15th, 2008, 07:49 PM   #150
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Couple buys three units at CityFront Plaza
April 27, 2008
BY BILL CUNNIFF Sun-Times Staff Writer


Quote:
Sales have reached the 40 percent mark at St. Clair at CityFront Plaza, a 41-story condominium tower planned at00 E. Illinois. The 253-unit St. Clair is the second phase of the development. Prices begin in the upper-$400,000s.
http://searchchicago.suntimes.com/ho...open27.article
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Old June 4th, 2008, 05:21 PM   #151
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Plans for Tower III:

Quote:
Originally Posted by honte View Post
North Shore developer eyes Streeterville tower
http://www.chicagorealestatedaily.co...ws.pl?id=29677


(Crain’s) — A North Shore condominium developer known for his midrise towers in Skokie and Evanston is working on plans for a hotel/condo skyscraper on a prime site in Streeterville two blocks east of Michigan Avenue.

David Hovey, president of Glencoe-based Optima Inc., has a tentative deal to buy a site just north of NBC Tower, 455 N. Cityfront Plaza Drive, from a joint venture that includes Chicago developer Centrum Properties Inc., people familiar with the deal say. The exact purchase price could not be determined, but is between $45 million and $50 million, surprisingly strong given the fierce decline in the downtown market for new, high-priced condos.

...

50-plus-story tower for which the site is already zoned....

... 775,300-square-foot structure ...

Last edited by i_am_hydrogen; June 4th, 2008 at 05:31 PM.
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Old June 4th, 2008, 05:24 PM   #152
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Here's a shot of Optima Old Orchard Woods, which was referenced in the above article:
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Old October 8th, 2008, 07:53 PM   #153
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The St. Clair project has been canceled. Hovey will be designing a new project for that site. If Optima Old Orchard Woods (see my above post) is any indication, we could be in for something much more special than the original St. Clair design.

Quote:
Developer scraps Streeterville condo project, sells site

By Thomas A. Corfman, Oct. 08, 2008

(Crain’s) — Developer Centrum Properties Inc. has killed a proposed 41-story condominium building in Streeterville, selling the site to North Shore developer David Hovey, who plans to eventually build an apartment tower there.

And in a dance of developers, another site three blocks east is being put on the market by Draper & Kramer Inc. after talks fell apart to sell that site to Equity Residential, an apartment real estate investment trust.

Mr. Hovey paid nearly $20 million late last week for a site at St. Clair and Illinois streets, sources say, where Centrum had proposed the second stage of the Cityfront Plaza project. The three-tower Cityfront Plaza site stretches from St. Clair to Fairbanks Court along the north side of Illinois Street.

Sales for the second phase, called the St. Clair, had stalled after more than 15 months of marketing, with contracts for just 40% of the 261 units in the proposed building. The first phase of Cityfront Plaza, a 281-unit building at the corner of Fairbanks and Illinois, was completed last fall and is about 90% sold.

The St. Clair project joins a growing list of downtown condo projects that developers have dropped this year before construction started. Projects totaling more than 1,400 units were canceled during the first half of 2008, according to a second-quarter report by Chicago residential consulting firm Appraisal Research Counselors.
http://www.chicagorealestatedaily.co...ws.pl?id=31317
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Old October 21st, 2008, 05:11 PM   #154
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When is the construction company going to take down the scaffolding surrounding Dominick's on the east side of the 255 E. Grand Ave.!!!!



(See last Picture below.)

Last edited by MWR; October 21st, 2008 at 05:23 PM.
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Old October 21st, 2008, 05:22 PM   #155
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Quote:
Originally Posted by wrabbit View Post
23 March



These would be apartments/condos fronting the garage, Vancouver style?



Somewhat more plebeian on the East face

HERE!
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