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Old October 3rd, 2005, 05:48 AM   #401
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That is Uber cheap for such a big city, both Trump and Fordham. Trump Toronto's penthouse(70th floor is going for 14.million). That's Canadian, but nontheless still expensive.
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Old October 3rd, 2005, 06:08 AM   #402
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$1000 per sq. ft. is record breaking in Chicago. Shows how affordable it really is.
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Old October 3rd, 2005, 06:54 AM   #403
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Even Trump hasn't broken $1000/sqft, he's in he low 900 range.
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Old October 3rd, 2005, 11:47 AM   #404
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This building is one of the most beautiful highrises ever. I just love the way it looks.
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Old October 3rd, 2005, 07:40 PM   #405
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I like the renders a lot, but it's a bit disappointing to see the spire take away part of the tower's glory, design is great, it's just that the spire is way too big. If they actually built more floors and shortened the spire, it would look much better.

And regarding that 1200 sq. m penthouse for $8.7 million, I wouldn't mind buyin one, would be an amazin investment in a great city.
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Old October 5th, 2005, 07:12 AM   #406
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I still don't understand that price. The full floor penthouse at Waterview is $7.5 million. There should be more than a million dollar price range between the Trump name and Waterview.
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Old October 5th, 2005, 09:33 AM   #407
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Originally Posted by STR
$8 Million.
Actually, the penthouses went for just over $11 million each when sales started. 4 sold like hotcakes, and broke the city's sale price record. You can now still buy the entire 89th floor for $28 million.
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Old October 5th, 2005, 11:21 PM   #408
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Yes, the $28 million number is the one I heard before. Maybe Oprah should buy it? Or will she prefer Fordham?
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Old October 6th, 2005, 12:30 AM   #409
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Originally Posted by STR
Even Trump hasn't broken $1000/sqft, he's in he low 900 range.
That's probably going to change in the coming days.
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Old October 6th, 2005, 01:02 AM   #410
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Old October 6th, 2005, 01:09 AM   #411
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Originally Posted by STR
Yeah I think so. It's a massive penthouse (12,000 sqft (1,115 sqm) ) sitting over 90 floors above the street. 8.7 million is pretty good for a perch like that. It seems the lower penthouses sold well too. The highest unit available is on the 87th floor with most of the 86th for sale as well.

They still have the pdf for the 14,260 sq. ft. condo on the 89th floor up on their site (they just don't link to it):

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Old October 13th, 2005, 10:22 AM   #412
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Would be great
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Old October 13th, 2005, 11:19 AM   #413
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calatrava is kicking ass... but i am not a big fan of his towers, though his train stations and bridges are kickass
Permanent Revolution
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Old October 15th, 2005, 02:09 AM   #414
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Old October 15th, 2005, 02:32 AM   #415
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Because I feel bad that little new info has come out, here's a new highlightedarticle


Nation's Tallest Building?
Proposed Fordham Spire Turns on Many Twists
by Craig Barner

A 115-story building with twisting design is an audacious proposal, and the similes are flying.

The Santiago Calatrava-designed Fordham Spire tower recently proposed for Chicago's lakefront has been compared to a swirling cloak, tree trunk, corkscrew, plume of smoke, drill bit and sculpture.

However it's described, if the $500 million, 2,000-ft.-tall skyscraper is built as proposed, it would allow Chicago to retain bragging rights as being the city with the nation's tallest building. The structure would eclipse by about 220 ft. New York's planned 1,776-ft.-tall Freedom Tower, which itself is expected to overshadow Chicago's 1,450-ft.-tall Sears Tower by about 325 ft.

The Fordham's swirling appearance would be achieved structurally: Each floor unit would be built out from the core, like a box, but with curving, concave sides. The boxes would be stacked, and each rotated about 2 degrees from the one below. The result is that the floors would turn 270 degrees around the core as they rise, giving the facade the impression of a spiral.

Fordham Spire's principals are already speaking in superlatives about the potential project, including Calatrava himself, founder and principal of the Zurich, Switzerland, firm bearing the name of the Spanish-born architect.

"It is part of the tradition of Chicago to have among the world's most beautiful structures," he said at a news conference. "The city in the 21st Century is not only a place to work, it's a place to live."

The tower derives its name from The Fordham Co., the Chicago-based developer proposing the project.

Dealing with Doubts

But doubts shadow the condominium and hotel project, especially the concern that the nation's tallest tower would attract the malevolent attention of terrorists in the post-Sept. 11 world.

Indeed, those fears prompted flamboyant developer Donald Trump to scale back plans for the Trump International Hotel & Tower under construction on the former site of the Chicago Sun-Times in the Loop. Originally, Trump had wanted to have the nation's tallest designation for his project, but final plans call for the building to rise 1,360 ft.

Financing is also a question mark for the Fordham.

Christopher Carley, founder and chairman of The Fordham Co., is betting that the nation's tallest designation, design from "one of the world's greatest architects" and the lakeshore site immediately north of the Chicago River on East North Water Street would draw buyers and investors.

The slender, 14,000-sq.-ft. footprint of the 920,000-sq.-ft. tower on 2.2 acres should make getting financing easier than structures with a comparable >> scale, he said.

For example, the tower would hold about 250 condo units compared with the 2.6-million-sq.-ft. Trump, which will have 472 condo units.

Lenders would likely require at least 40 percent of the units to be sold before forwarding funds, Carley said. And because three years would be needed for construction, about 100 units would have to be sold during that time.

"The size is not that ambitious beyond what we've already done and as far as the number of units," Carley said. He cited the more than 10,000 homes - including those in the 50-story The Fordham and 49-story The Pinnacle condominiums - the firm has built.

Chicago-based Corus Bank and pension fund National Electrical Benefit Fund are interested in the project, but "it's very preliminary," he said.

Still, like the tall tower itself, there is a steep climb to get over the financial top.

The majority of Fordham Spire's units would average 2,000 sq. ft., and top-of-the-market condominiums fetch an average of $800 a square foot. As a result, Carley said units would average between $1 million and $2 million. The full-floor units would hold up to 7,000 sq. ft. of space.

Aside from financial issues, history shows that some relatively recent proposals for supertall buildings in Chicago foundered because of the difficulty of delivering them.

These include the 125-story Miglin-Beitler Tower for West Madison Street that was ditched in 1989, and the 112-story 7 S. Dearborn St. project that suffered the same fate in 1999.

There are doubters about the Fordham project.

"I'd say there are still many hurdles to this thing getting out of the ground," said Gail Lissner, vice president of Chicago-based Appraisal Research Counselors, a consulting and research firm.

Chicago-based James McHugh Construction Co. is a general contractor with a focus on high-rise residential construction. Michael Meagher, senior vice president of the firm, said, "Calatrava is a wonderful architect, but you still have to be commercially viable."

Cantilevering Units

Financial issues aside, Calatrava released some early details about the proposed structure's design.

The foundation would consist of piles, and columns composed of high-strength concrete would form the building's structure. Concrete shear walls would surround the core, which holds the stairs, elevators and other services, and be connected to it.

Modular sections like a box with curving, concave sides would make up the units and be cantilevered from the core. Twelve radial diaphragms per prefabricated section would attach to the core.

The curtain wall formed of energy-efficient glass and stainless steel would dress the building and have a "natural" color, Calatrava said. The tower portion would rise to about 1,460 ft. and be topped with a spire in excess of 500 ft. in length.

The architect said he would serve as the engineer of the building himself and work with an engineer-of-record in Chicago.

About 620,000 sq. ft. of upper tier would hold the condominiums; 250,000 sq. ft. of the lower tier would hold the hotel for which an operator has not been named; and 50,000 sq. ft. at the base would hold retail and restaurants. Parking would be below Lake Shore Drive.

"Our hope is to break ground next spring - May or June would be realistic," Carley said.
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Old October 30th, 2005, 01:15 AM   #416
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holy frocking caboodle, that condo has eight bathrooms and seven bedrooms, that is just breathtakingly awesome!!! $28 million does seem like a bargain to own the ENTIRE 89th floor, in the Trump Tower no less!!!! Can you imagine the views??? That alone is worth at least 10 million!!! Just too bad that I could not afford it!!! I am pretty sure that it is sold already, though.

FIFTY FOUR FEET wide living room???? EIGHT HUNDRED square feet master bedroom, oh my gosh!!!!

Don't laugh, my living room is about the size of 'media room', one of the tiniest rooms in there.

Last edited by choyak; October 30th, 2005 at 01:22 AM.
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Old November 12th, 2005, 09:17 PM   #417
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Renderings from the Tribune:

I feel like I'm spamming cause there are so many topics on these two.
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Old November 12th, 2005, 09:23 PM   #418
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I don't care if you spam, I like the subject....

Wonder comes from the awareness of ignorance.

El peor enemigo de la verdad no es la mentira, sino la estupidez.
Lo tengo todo, por no querer mas nada..
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Old November 13th, 2005, 04:09 AM   #419
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Hmmm, it's dated for today,13th of Nobember - Tomorrow at the time of posting (and still tomorrow in Chicago :P).

So, how likly is it looking that either of these two will be approved?
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Old November 23rd, 2005, 11:37 PM   #420
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The meter's running on Carley's Calatrava

November 23, 2005

Developer Christopher Carley, he of the 2,000-foot-tower-on-the-lakefront plan, has made progress with the deal since announcing it in July. But he's racing the clock.

The 115-story building with the drill-bit profile would go on the 400 block of East North Water Street. Carley has a contract to purchase the property from LR Development Co. LLC. Sources said the deal expires in March and that LR isn't inclined to extend it.

Carley, chairman of Fordham Co., said the expiration is later next spring, and he insists he'll have his financing nailed down by then. But he also said he's about 30 days away from introducing his plan to the city. Since zoning approval is a prerequisite for loan commitments, the timing leaves Carley little room for delay.

He said his project has taken longer than expected to get to the city because of the busy schedule of his celebrity architect, Santiago Calatrava. Carley also said the base of the building has undergone some design changes based on comments made in community meetings.

People have been positive in those sessions, Carley said, because they respond to the argument that a thin, 115-story building will block less sunlight and views than what the site already is zoned for, two buildings in the 35- to 50-story range. "They like the building and think it would be great for Chicago," he said.

Carley also said more than 1,000 people have registered for information about the building's condo and hotel units. We'll see if they get a chance to put down hard cash.
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