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Old May 13th, 2006, 09:12 AM   #81
spyguy
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After unveiling the master plan for Rosemont Walk, the group broke ground on the $300M phase one which includes the project anchors of Grizzly Falls Resort, a 400,000 sq. ft. family waterpark resort featuring a 100,000 sq. ft., state-of-the-art indoor waterpark and a first-rate 400-room hotel; a 525-room Le Meridien hotel, one of the world’ leading luxury hotel brands, and Muvico Rosemont Walk 22, a first-class 110,000 sq. ft., 4,750-seat, 22-screen themed megaplex by Muvico Theaters.
Le Meridien Chicago O'Hare Hotel
16 floors
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Old May 13th, 2006, 07:48 PM   #82
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Laurel Park
Highland Park
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Old May 14th, 2006, 06:35 AM   #83
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I can't believe my eyes.. I'm seeing a HILL in that picture.. ?!? Howww?
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Old May 14th, 2006, 07:52 AM   #84
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Highland Park sits on a lake bluff, with many ravines and cool geographic features, including slopes.

Come on, haven't you seen Ferris Bueller? Where the car falls down into the ravine?
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Old May 15th, 2006, 03:41 AM   #85
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Quote:
Originally Posted by ardecila
Highland Park sits on a lake bluff, with many ravines and cool geographic features, including slopes.

Come on, haven't you seen Ferris Bueller? Where the car falls down into the ravine?
true but where is this? is this along that area along sheridan?
there are ravines and all
but streets usually dont have a steep incline like this,
at all. unless they are leading to the beach from the bluff.

i would really like to know where this development is,
as i cant find any info on their site or otherwise
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Old May 16th, 2006, 02:33 AM   #86
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Just looking at the change in elevations between buildings, it looks like the road is on a 7-8% slope which is considered acceptable to most municipalities. However, sidewalks should not be more than 5% (ADA) so in this case where the road is constantly sloped, this picture may be a bit off or maybe I'm just looking at it wrong...
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Old May 20th, 2006, 06:51 PM   #87
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http://www.chicagotribune.com/busine...i-business-hed

Suburbs join condo boom
Cook still dominates in construction starts

By Sharon Stangenes

Tribune staff reporter
Published May 20, 2006

While all eyes have been focused on the downtown Chicago condominium market, condo construction has been booming in the suburbs as well, a new study indicates.

For the year ended March 31, there were 19,000 permits for multifamily homes issued in the 14-county area, compared with 11,500 permits in the year ended March 31, 2005, according to Metrostudy, a real estate research and consulting firm.

Christopher Huecksteadt, Chicago market director for Metrostudy, said contracts to buy condominiums for the year ending March 31 "were flat or up only slightly" compared with a year earlier.

"It is something we are watching, but it is not a cause for concern," Huecksteadt told clients, primarily builders and lenders, on Thursday at the Tavern Club in Chicago.

Analysts have expressed fears that builders are putting up too many homes, and that orders are not keeping up.

The Metrostudy survey indicates there are 55,000 condominium units in planning and zoning stages in the 14-county region, but Huecksteadt downplayed the notion that the number is a cause for concern. The attrition rate for such proposed projects is usually 10 to 12 percent; so a number of those units will not be constructed, he said.

The proposed units, which represent a four-year supply, will be built and sold during the course of several years, not all at once, he said.

"We've been delivering 10,000 to 12,000 units a year, so right now we are in a good healthy balance," he said.

The Chicago metro market is third in the country, after New York and Miami, in annual number of permits for multifamily housing, a category that includes apartments as well as condominiums. Nationally, about 450,000 multifamily permits were issued in the year ending March 31.

For-sale condominiums are the vast majority of the multifamily permits because there is little apartment development in the region, Huecksteadt said.

"We are now seeing a significant number of condominiums planned in the outlying areas," after nearly a decade of steady condo growth in Chicago, Huecksteadt said.

Condominiums accounted for 12,893, or 26 percent, of the 49,110 total housing starts in the 14-county area in the year ended March 31, he said.

The remaining 36,217 units begun were houses, townhouses and duplexes.

He said Chicago and Cook County continue to be the dominant locations for condominium starts, with nearly 11,300 units in the year ended March 31.

However, he noted the growing activity in other parts of the market.

Another 508 units were authorized in DuPage County and 240 in Kenosha County, Wis., he said.

Lake County, Ill., granted permits for 171 units and Lake County, Ind., authorized 153.


The median price of units on the market in first-quarter 2006 approached $400,000, a substantial increase over year-earlier prices, he said.

Huecksteadt and the Chicago division of the Houston-based research firm began tracking condominium contracts and closings in this market more than two years ago. They follow more than 1,000 condominium developments, defined as vertical developments of 10 units or more. About half of those projects are in the city.
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Old May 20th, 2006, 07:33 PM   #88
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Quote:
Originally Posted by spyguy
He said Chicago and Cook County continue to be the dominant locations for condominium starts, with nearly 11,300 units in the year ended March 31.
Clearly, they are million-light years ahead than the rest of entire state of IL. That result in huge economic inequities between Chicago metro and the state. It is quite sad.
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Old May 20th, 2006, 07:35 PM   #89
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Quote:
Originally Posted by Chi_Coruscant
Clearly, they are million-light years ahead than the rest of entire state of IL. That result in huge economic inequities between Chicago metro and the state. It is quite sad.
^ Sad? I'm rather happy about that. Sprawl is what's sad
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Old May 26th, 2006, 07:01 AM   #90
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Aurora- River Street Plaza:

http://www.riverstreetplaza.com/index.html
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Old June 7th, 2006, 05:42 AM   #91
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Chestnut Square
Homewood
4 floors


Weird seeing so much in the Tudor style...
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Old June 7th, 2006, 09:11 AM   #92
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Why?

The only new Tudor-style stuff in Chicagoland in the last 60 years was probably some tract house in Palatine. It's nice, in fact, to see that we can still build stuff that feels like the construction of the 1920s.
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Old June 7th, 2006, 04:49 PM   #93
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wow that is a very nice looking development in homewood,
i suppose it must be going up in its downtown, i didnt know that homewood had a downtown, is it an old small town?
there are some german style buildings like that in chicago, though not many,
some around rogers park, i think there is one on clark that is very long
and one that abutts indian boundary park
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Old June 7th, 2006, 06:25 PM   #94
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^You've basically said why I find it weird. It's an uncommon style, especially in 2006.

And yeah it's in Homewood's downtown area. Only pic I found easily:


-----------------------
http://www.cpnonline.com/cpn/article..._id=1002614397

Calamos Embarks on 1.2M Chicago-Area Mixed-Use Project
June 06, 2006
By Dees Stribling, Midwest Correspondent




Chicago-based Calamos Real Estate has unveiled plans for a mixed-use development in west suburban Naperville, Ill., on 31 acres at the interchange of I-88 and Illinois 59. The entire project, called CityGate Center, will ultimately include 1.2 million square feet of space, including office, restaurants and shops, a 140-room hotel and a performing arts center, if completed as planned over the next six years.

Perhaps most notably, in its first phase the project will include a 213,000-square-foot office building featuring floorplates of up to 34,000 square feet and incorporating a various of energy-efficiency design elements to be LEED certified. Whatever the design, any new office building is rare in the East-West Corridor market, or any suburban Chicago market for that matter, because vacancies have been so high and absorption so sluggish most of this decade.

But the fundamentals of the corridor are changing. According to Transwestern Commercial Services, vacancies in the market stand at 17.5 percent, down from the low 20s in recent years, and there was 215,000 square feet of absorption in the first quarter of 2006, a reversal of a recent history of negative absorption.

Daniel J. Slack, president of Calamos, cites renewed demand for office space in the East-West Corridor as the green light for the office portion of CityGate Center. “In particular, business services--attorneys, insurance companies, financial services, that kind of professional--are now seeking space in the corridor,” he told CPN this afternoon. “The corridor is definitely seeing a recovery. In the last two years, business services have represented more than half of the absorption in the market, and we intend to capture some of that growth in CityGate.”

He also pointed out that retail growth has been strong on Illinois 59, following significant household growth in that part of metro Chicago in recent years. CityGate already has a restaurant on site, RIVA, a concept exported to the suburbs from a successful location on Chicago’s Navy Pier. Ground will probably be broken on the office building and retail space later this month.
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Old June 7th, 2006, 08:05 PM   #95
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2 things:

1) Does Homewood have a Metra Stop?

2) The article about the development in Naperville exemplifies what is wrong with this country. Building mixed-use near highway interchanges is another example of us side-stepping the issue of car-dependence. We nostalgically look back at main-street America and build these wannabe neighborhoods yet when all is said and done, where is the post office, library, grocery store, hardware store, etc? Everybody still drives for most of their needs.
It is imperative that these developments get built near a transit stop. If you're not a part of the solution, you're part of the problem. No matter what your development looks like, if it's not near public transportation then it's basically MORE SPRAWL
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Old June 7th, 2006, 09:02 PM   #96
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I agree, and yes, Homewood has a Metra stop. If this building is where I think it is, then it's only a block away.
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Old June 9th, 2006, 05:41 PM   #97
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Quote:
Originally Posted by spyguy
The Center of Northshore
Northbrook

Seems like this project is actually real:
The Residences, Center of the Northshore
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Old June 11th, 2006, 11:53 AM   #98
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Goes back to what the UP was saying earlier. To bad about the Northbrook development. Right off the Edens ramp there and far away from Northbrooks downtown Metra area would couse use some density and improved streetscape. Kind of amazing how wealthy it is and yet even compared to its other north shore neighbors its downtown lags and is subpar even compared to similar burbs.

That Homewood development looks money though. I'll want to check it out when it is done and see how close to the renderings it becomes.
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Old June 14th, 2006, 03:14 AM   #99
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http://www.cpnonline.com/cpn/propert..._id=1002652520



New Water Park Slated for Northwest Suburban Chicago
June 13, 2006
By Dees Stribling
, Midwest Correspondent

Developer Waterpark H2otels USA L.L.C. has unveiled plans for a 525,000-square-foot water park and condo hotel with meeting facilities in northwest suburban Hoffman Estates, Ill. The project, scheduled to break ground later this year and be completed in 2008, will be on a 22-acre site at the Prairie Stone Business Park, which is owned by retailer Sears Holding.

The tropical-themed water park will consist of an 80,000-square-foot indoor facility and a 30,000-square-foot outdoor facility. The complex will feature wave, activity and toddler pools, tube and body slides, a rafting river, mat racers and a water-propelled roller coaster. An additional 20,000 square feet will be devoted to a dry play arena and video game arcade.

“There’s a market for between nine and 12 indoor water parks in the Chicago area, but right now there’s only two in Illinois and four more under development,” ]Joseph Buralli, managing partner of the Lakemoor, Ill.-based Waterpark H2otels USA, told CPN this afternoon. “It’s a matter of demographics. There are 18 million people within a two-hour drive of the development, and within a 25-mile radius, more than a million families with 800,000 kids.”

The new water park’s prime competition will be the cluster of 18 indoor water parks in Wisconsin Dells, Wis., which is about three hours northwest of the metro Chicago market. “It’ll be a convenient alternative for people who don’t have time to spend driving to the Dells,” Buralli said, “and it will have all the water park amenities you can get there.”

The water park/hotel will also be adjacent to the future homes of the 11,000-seat Sears Centre and a new Cabela’s, an outdoor gear superstore than tends to tract visitors in its own right in many markets. Waterpark H2otels USA has selected Chicago-based VOA Associates Inc. as the project’s architect, and Hoffman Estates-based Leopardo Construction as construction manager.

-------------------
In a different press release, it says the hotel will be 12-14 floors

Last edited by spyguy; June 14th, 2006 at 05:21 PM.
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Old June 14th, 2006, 07:56 AM   #100
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Quote:
Originally Posted by mohammed wong
wow that is a very nice looking development in homewood,
i suppose it must be going up in its downtown, i didnt know that homewood had a downtown, is it an old small town?
Homewood has a pretty decent little downtown, that is older, and has some character. Spyguy's picture includes the Ridgewood Tap, which is a good old local watering hole. I have spent a few nights in that joint many moons ago, sipping beer and throwing darts (when home from college). Also, the orginally Aurelio's is not far from there, and the Homewood metra stop is right there.
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