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Old July 19th, 2006, 02:07 PM   #541
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Calatrava has many other twist building projects around the world. For instance he has projected in Valencia (the city in Spain where Calatrava was born) 3 twisted buildings right next to his huge complex which is already done.

There are many other Calatrava buildings in Valencia (already done):

Last edited by israma; July 19th, 2006 at 02:51 PM.
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Old July 19th, 2006, 02:17 PM   #542
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amazing design
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Old July 19th, 2006, 02:46 PM   #543
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Posted by BVictor1 in Chicago forum:


Carley adds a partner to bolster spire deal

July 19, 2006


Since first revealing his alliance with architect Santiago Calatrava for a spired, 124-story building on the lakefront about a year ago, developer Christopher Carley has encountered plenty of skeptics. He's poised this week to strike a deal that will quiet some of them.

On Thursday, Carley is due to close on the acquisition of the property involved in the project. A source close to the situation said the land in the 400 block of East North Water Street, at its intersection with Lake Shore Drive, will sell for more than $60 million.

To close on the land, Carley has taken on a partner. The source said it is Shelbourne Development Ltd., based in Dublin, Ireland. The company has completed residential and commercial projects in Ireland, Great Britain and France.

Shelbourne's executive chairman is Garrett Kelleher, who, according to the company Web site, set up shop in Chicago in the 1980s to do loft conversions before returning to his native Ireland about 10 years later.

Terms of the partnership could not be learned, but the source said Carley will continue with day-to-day oversight of the project. "Shelbourne has a very large development group with deep strength in construction management," the source said.

It's possible Shelbourne could be a conduit for European investors. Carley, chairman of Fordham Co., has reported that about 20 percent of sales inquiries for what he's calling the Fordham Spire has come from overseas.

Reached Tuesday, Carley declined to comment. Plans call for the building to have 300 residential condominiums and 150 hotel units, some of which also may be sold. He has estimated the project's cost at $600 million, but materials costs are escalating quickly, and some experts believe Calatrava's unique, seemingly twirling design will be prohibitively expensive to build.

Carley is negotiating with hotel operators and project financiers. The source said Walsh Construction ("Ahhh") will be his general contractor and that the real estate firm Jones Lang La Salle Inc. is representing the project to lenders.

If completed as planned, the building would be the tallest in the United States but is not expected to be taller than the Burj Dubai office building under construction in the United Arab Emirates. The height of that Skidmore, Owings & Merrill LLP design is a state secret.
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Old July 19th, 2006, 04:48 PM   #544
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calatarava is a genius at times...valencia is becoming a must-see city to visit
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Old July 19th, 2006, 06:16 PM   #545
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See new thread:

Last edited by spyguy; July 19th, 2006 at 06:28 PM.
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