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Old December 17th, 2007, 05:33 PM   #261
i_am_hydrogen
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Quote:
Originally Posted by davidearl View Post
did anybody read today's Tribune paper?? They mention a new condo/hotel at 505 State next to the AMA building. They did not mention any height for this proposal... anybody got any info on this???
There's a thread for it:

http://www.skyscrapercity.com/showthread.php?t=538032

Please continue any discussion about it there. Thanks.
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Old December 17th, 2007, 11:58 PM   #262
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NOT the palomar

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Originally Posted by i_am_hydrogen View Post
There's a thread for it:

http://www.skyscrapercity.com/showthread.php?t=538032

Please continue any discussion about it there. Thanks.
I don't believe they were talking about the palomar...... READ the tribune article
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Old December 18th, 2007, 12:17 AM   #263
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Do you have a link?
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Old December 18th, 2007, 02:30 AM   #264
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It is the Hotel Palomar. The article mentions John Buck and Royal Properties, which are the developers of the hotel/condo tower.
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Old December 19th, 2007, 04:12 PM   #265
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which building is this?


http://www.chicagorealestatedaily.co...ws.pl?id=27504


River North condo project gets loan for first tower

By Alby Gallun

(Crain’s) — The developers of a two-tower, 385-unit condominium project next to the Scottish Rite Cathedral in River North have secured a $135-million loan to finance the construction of the first tower.

Enterprise Cos. and Mesirow Financial Real Estate, both of Chicago, plan to break ground Jan. 21 on the Walton on the Park development, says Enterprise Chairman Ron Shipka Sr. Chicago-based Corus Bank N.A. has agreed to provide the construction loan, and investors, including Enterprise and Mesirow, are kicking in about $50 million in equity, he says.

Buyers have signed contracts for 85, or about 43%, of the 198 units in the 39-story south tower, at State Street and Delaware Place. Mr. Shipka expects the groundbreaking to provide a marketing boost, showing potential buyers that the project is real.
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Last edited by i_am_hydrogen; December 19th, 2007 at 06:23 PM.
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Old December 19th, 2007, 06:22 PM   #266
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^Walton on the Park
http://www.skyscrapercity.com/showthread.php?p=17212625
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Old December 19th, 2007, 06:46 PM   #267
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thanks hydro
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Old January 12th, 2008, 01:15 AM   #268
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http://chicagobusiness.com/cgi-bin/news.pl?id=27733

Postal Service eyes redevelopment of Dearborn site

Jan. 11, 2008
By Eddie Baeb


The U.S. Postal Service is laying the groundwork for a possible redevelopment of its River North outpost, known as Fort Dearborn Station, at 540 N. Dearborn St.
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Old January 12th, 2008, 05:46 AM   #269
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Reilly is pushing for a park, says Crain's. The scenario being discussed is a land swap, allowing the USPO to build a new facility on the other property. I don't know where that lot would be, since it needs to be big enough to store all their trucks. There's a nice-sized lot over on Kingsbury at Illinois that might work. Can the city use eminent domain to take a parking lot for a post office? Schools and roads are usually the goals, not post offices.

I'm excited for this. River North desperately needs a Park that doesn't have an "-ing" on the end of the name.

Last edited by ardecila; January 12th, 2008 at 05:52 AM.
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Old January 12th, 2008, 10:35 AM   #270
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I agree! I would like to see something like Washington Square built there.
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Old January 15th, 2008, 02:43 AM   #271
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New 23 story hotel

http://www.suntimes.com/business/739...uild14.article

3-hotel complex seeks OK

January 14, 2008
BY DAVID ROEDER AND FRAN SPIELMAN


The largest property owner in River North has asked for city approval of plans for a three-hotel complex at 501 N. Clark.

Albert Friedman has proposed 729 hotel rooms and 190 parking spaces on a partial block that's mostly used as parking lot. The only building on the site has a branch of North Bank and would be razed.
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Old January 16th, 2008, 12:54 AM   #272
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One of those 3 hotels is the Hyatt Place reported in Crain's last spring. If the building is done well, it would add a great streetwall around the park on the Post Office site.
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Old January 16th, 2008, 07:07 PM   #273
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Quote:
Originally Posted by ardecila View Post
.....Can the city use eminent domain to take a parking lot for a post office? Schools and roads are usually the goals, not post offices.....
The USPS is a federal entity - not sure how Chicago cold exercise ED on the Fed's behalf? - not that I'm a big fan of ED anyhow - but perhaps Mr. Downtown or one of the other forumers would know.
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Old January 16th, 2008, 09:50 PM   #274
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Quote:
Originally Posted by wrabbit View Post
The USPS is a federal entity - not sure how Chicago cold exercise ED on the Fed's behalf? - not that I'm a big fan of ED anyhow - but perhaps Mr. Downtown or one of the other forumers would know.
I'm not a lawyer, so I can't really show any precedents. I think most people would agree, though, that a post office is an acceptable public use for which land may be taken. The city acquiring the land itself is key to the land swap, otherwise the city has nothing to offer the Feds in exchange for the Dearborn site.

I believe eminent domain was used to acquire the land for the new Chicago post office on Harrison. A historic warehouse sat on the site, and it was demolished to make way for the post office.
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Old January 17th, 2008, 07:56 PM   #275
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I think it would be a little tricky for the city to use eminent domain directly for a USPS facility, but they probably wouldn't have to stretch too far to take it for a park (wink, wink) this year and then next year conclude that swapping parkland here for parkland there was in the public interest.

Much more likely is that the city would find land for USPS in the Goose Island or Cabrini-Green TIF areas, where land can be taken for any sort of redevelopment:



This excerpt comes from the citywide map of TIFs.
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Old January 17th, 2008, 10:06 PM   #276
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What's T-100?

A site at Chicago/Hudson next to the Cabrini rowhouses might work, but only after the whites have been demolished. This isn't too far from the rest of River North, just inside the TIF. There are also facilities in the Mart, Water Tower Place, and on East Ontario.
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Old January 17th, 2008, 11:32 PM   #277
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T-100 appears to be Chestnut to Pearson, State to Wabash. Location of Loyola's new student center, and maybe some other future Loyola project.

It makes perfect sense to move the carrier workspace to Goose Island or someplace around there, and send out a press release about how many industrial jobs have been created by the city's hard work to preserve the Goose Island PMD. The retail functions of the post office can easily go in the lobby of some other River North building.
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Old January 18th, 2008, 09:00 AM   #278
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I suppose the good thing about Goose Island is easier access and parking for the postal workers. I believe the current building has some parking inside for employees, and some employees have to park in surface lots in the area. Removing an employer reduces the need for lots, increasing the chances of development on those lots.
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Old January 18th, 2008, 10:46 PM   #279
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Quote:
Originally Posted by Mr Downtown View Post
T-100 appears to be Chestnut to Pearson, State to Wabash. Location of Loyola's new student center, and maybe some other future Loyola project.
I think it's actually nearer Ohio Street, which matches the key for it ("Ohio/Wabash") in the link you provided.

Thanks, btw, for posting this -- and for posting the link. Great find, DT.
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Old January 29th, 2008, 11:59 PM   #280
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Clark & Grand hotels

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