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Old August 17th, 2005, 05:19 PM   #21
geoff_diamond
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You have got to be kidding me!!! Well paint me poorly and call me the Heritage - I'm shocked!!!
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Old August 17th, 2005, 06:22 PM   #22
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Wow- that's quite a turn-around.
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Old August 21st, 2005, 01:14 AM   #23
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Demolition of sales center is almost finished.
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Old August 21st, 2005, 01:54 AM   #24
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Quote:
Originally Posted by geoff_diamond
You have got to be kidding me!!! Well paint me poorly and call me the Heritage - I'm shocked!!!
Hilarious! Its the equivalent of the paint jobs of drywall in suburban garages. If I were Daley, I'd call up the developer personally and give him the 'what for'.
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Old August 21st, 2005, 05:59 AM   #25
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Here's a question.

If there are only 36 (or whatever) residences, why do they need a goddamn 4 level garage?

God that's just stupid
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Old August 21st, 2005, 06:14 AM   #26
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If you can afford a full floor residence, you can afford to have multiple cars (joke response).
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Old August 21st, 2005, 09:02 AM   #27
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Quote:
Originally Posted by The Urban Politician
Here's a question.

If there are only 36 (or whatever) residences, why do they need a goddamn 4 level garage?

God that's just stupid
Yeah, that does seem a bit much... I am guessing they will have several floors for the general public?

Well, they have the official "we are going to tear shit down" scaffolding up over the existing structures, so it looks like they are to be rocking and rolling on this puppy soon... Man, four towers are going up in like a 3 block radius... I, for one, am loving it...
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Old August 21st, 2005, 05:50 PM   #28
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I don't know that a four-level garage is really all that large given the building's diminuitive footprint. They may only be packing in 10-15 cars per floor?
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Old August 21st, 2005, 07:23 PM   #29
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Yea, 4 towers, plus the 4th Pres tower. There is also those proposals at Delaware and State (2 towers) and Rush and State. 730 N. Rush, and the Elysian Phase 2. Goodbye surface lots.
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Old August 23rd, 2005, 04:25 PM   #30
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We just did a whole lot of printing of the issued for construction sets of drawings. Looks like this thing is about to really get going.
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Old August 23rd, 2005, 05:50 PM   #31
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And this is one that we thought was a goner, but instead it made a complete U-turn.
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Old August 23rd, 2005, 07:00 PM   #32
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They've started to tear down the old sales center that was located at the site. Things are really moving in that area now.
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Old August 23rd, 2005, 07:55 PM   #33
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Picture from yesterday:

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Old August 23rd, 2005, 07:55 PM   #34
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I see this as bad news, because this building could soak up demand from those precious few individuals who might buy Fordham Spire condos. Thumbs down!!!
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Old August 23rd, 2005, 08:00 PM   #35
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Nah. The people that want to buy into FS from outside of Chicago don't care or even know about 50 E. Chestnut.
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Old August 23rd, 2005, 08:00 PM   #36
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Quote:
Originally Posted by ChicagoLover
I see this as bad news, because this building could soak up demand from those precious few individuals who might buy Fordham Spire condos. Thumbs down!!!

Whenever you fill down and worry about the number of super rich in Chicago...just hop in a car and drive Sheridan up.....through Cook County...up to Lake Cook Road...and even future...and notice all the mansions. Chicago's wealthy community is huge. Lots of new and old money.
Just trying to stay optomistic here.
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Old August 23rd, 2005, 08:08 PM   #37
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Quote:
Originally Posted by ChicagoLover
I see this as bad news, because this building could soak up demand from those precious few individuals who might buy Fordham Spire condos. Thumbs down!!!
Not really. These people already reserved units in this building way before Fordham Spire was a figment of our imagination. The project has sold maybe 40-50% of its units and construction is ready to begin. Now that Fordham Spire is being marketed, the potential buyers at 50 E. Cheasnut can turn to the spire as an option. This building has been around for more than a year, and potential buyers already know about it.
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Old August 23rd, 2005, 08:30 PM   #38
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The average single family house/row house in Lincoln Park and Gold Coast is now over a million. Chicago can defintely support these other uber luxury buildings. These analysts can be wrong...we aren't Baltimore Maryland (no offense).
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Old August 23rd, 2005, 11:07 PM   #39
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50 East Chestnut is only 32 units if memory serves? If you think 32 people are going to make the difference between FS being built, or not, you're sorely mistaken. Even if Chicago weren't a global city, which it obviously is, 32 people in a metropolitan area of 9 million is hardly even a microbe in the proverbial bucket.
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Old August 24th, 2005, 06:33 AM   #40
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^Exactley, besides much of the interest in the Fordham Spire units is comming from out-of-town, out-of-state and even out of the country. I have no worries about "if" the Chicago market can support 250 new uber luxury condos, because the Spire is not being marketed to just Chicago, but to the world, and international buyers have already called the sales center looking for more info and some even wanting to put money down now.

Back on topic, Its great to see this project moving forward, and it will stand right up in front of the Connars Park NIMBY group headquarters in the Bristol. Ah, victory is oh so sweet. With this tower, the Elysian, Water Tower Campus dorm, The Clare and 30 West Oak all ging up at the same time, we will have 5 tower cranes swinging around over a four block stretch.
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