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Old September 16th, 2007, 08:50 PM   #101
Ritchie Rich
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FYI
I believe you posted this article link to the wrong thread. The article has nothing to do with the "Uptown" neighborhood. It speaks specifically to the ever-increasing cost per/SF of the "downtown" condo market.
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Old October 31st, 2007, 10:21 PM   #102
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Uptown Theatre

This building is begging to become a grand casino.

This would be the most elegant gambling palace in the US, perhaps the world.
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Old November 1st, 2007, 01:38 AM   #103
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No, its begging to be put back to its original use which is a grand performance venue not to listen to the great acoustics of slot machines. Plus entirely wrong neighborhood in terms of distance and economic demographics I think.
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Old November 2nd, 2007, 12:16 AM   #104
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The place has been vacated for 20 plus years! Right now it's a haven for the rats. I'm not the authority on this, but nothing seems to have gotten off the ground accept various owners attempting some revitalization without bearing fruit. . .obviously the market for the sort of venue advocated is also questionable for that area and demographic.

I wouldn't say destroy the theatre component, and I don't know the layout of the building, but, the darn thing is just HUGE and seems suited for multi-purpose. I mean look here:

[img=http://img119.imageshack.us/img119/9665/001rs1.th.jpg]

Casino complexes do have theatre components and this one could restore/retain theirs. As it stands now, the thing is facing destruction. And isn't Uptown a vital, yet still an economically edgy community?
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Old November 2nd, 2007, 01:28 AM   #105
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The Uptown Theatre has not declined because of bad potential. It's declined because of a string of absolutely shitty landlords, who will do anything for a buck, including selling the building and then claiming that they still own it after people start appreciating the architecture.
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Old November 2nd, 2007, 03:06 AM   #106
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Quote:
Originally Posted by le_brew View Post

The place has been vacated for 20 plus years! Right now it's a haven for the rats. I'm not the authority on this, but nothing seems to have gotten off the ground accept various owners attempting some revitalization without bearing fruit. . .obviously the market for the sort of venue advocated is also questionable for that area and demographic.

I wouldn't say destroy the theatre component, and I don't know the layout of the building, but, the darn thing is just HUGE and seems suited for multi-purpose. I mean look here:

[img=http://img119.imageshack.us/img119/9665/001rs1.th.jpg]

Casino complexes do have theatre components and this one could restore/retain theirs. As it stands now, the thing is facing destruction. And isn't Uptown a vital, yet still an economically edgy community?

I would rather have a casino there then have it torn down as well but I do hold out hope as there have been murmurings of a few possible interested parties renovating it for theater or music acts rather recently. I just think that would be far more preferable and with Uptown on an uptick I think that it will only become more of a possibility that someone will finally step up and do it.
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Old December 1st, 2007, 08:04 AM   #107
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Is there any news with the Wilson Yards project?

Last I heard (and this was last summer) the developer was claiming that he had a letter of intent from Target, and Target itself was denying it. After that, 4 months of silence until now.

I hope this building goes through - it's very urban, and sets a new pattern for retailers to follow out in the neighborhoods, where they usually just build strip malls and be done with it. The Aldi turned out fairly nice, except for the lack of an entrance on Broadway.
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Old December 6th, 2007, 02:43 AM   #108
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http://www.suntimes.com/business/682...120507.article

Uptown Target to start construction: developer

December 5, 2007
BY DAVID ROEDER


Construction on a Target store in Uptown will begin in January, the developer of the community’s Wilson Yard site said today.

Peter Holsten, president of Holsten Real Estate Development Corp., said the store should be open by October 2009. He said construction also will start in January on the site’s 178 apartments, which are scheduled to open by the end of 2009.
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Old December 6th, 2007, 05:40 AM   #109
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Awesome! I get a real news article within days, not just hearsay. Couldn't have wished for better news.
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Old January 9th, 2008, 04:03 PM   #110
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Quote:
http://www.suntimes.com/business/roe...eder09.article

Live Nation has eyes on Uptown
REAL ESTATE | Northerly Island promoter seeks to restore theater's glory

January 9, 2008
BY DAVID ROEDER Sun-Times Columnist

Live Nation Inc., the concert promoter that manages the outdoor performance stage at Northerly Island, is negotiating with city officials to take over the landmark Uptown Theatre, 4816 N. Broadway.

The 1925 building has been mostly unused for 25 years. But Live Nation is said to be interested in restoring it to its former glory and using its 4,300-seat auditorium for concerts and other events.

Possible hitches -- and there are many -- include a city subsidy for what could be a $40 million restoration..........................

Lets hope it happens and we get a new retrofitted music venue that could potentially be the best in the city or at the very least possibly the most interesting.
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Old January 9th, 2008, 04:50 PM   #111
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^ Incredible news. Lets hope this opportunity isn't allowed to slip past..
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Old January 30th, 2008, 05:41 PM   #112
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This same article also discusses the Theatre District tower project:

Jan. 30, 2008

Aragon owner a partner in Uptown movie theater project
By Eddie Baeb

Excerpt:

James Gouskos, owner of Lawrence Properties LLC, joined with Aragon owner Luis Rossi to buy a vacant site at 1063 W. Lawrence Ave. for a building that would house a nine- or 10-screen movie theater, a 500-car parking garage and 85,000 square feet of retail space. Messrs. Gouskos and Rossi paid $4.6 million for the property earlier this month.
http://chicagorealestatedaily.com/cg...ws.pl?id=27968
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Old February 13th, 2008, 04:55 PM   #113
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Wilson Yard

Quote:
http://www.suntimes.com/business/roe...eder13.article

Real estate

February 13, 2008
DAVID ROEDER [email protected]

......OFF TARGET: Uptown residents keeping watch over the Wilson Yard property at Montrose and Wilson are a vigilant group. Many of them reminded me that the site's developer, Peter Holsten, vowed in December that construction on the Target store would begin in January. He said so in the Sun-Times.

January is gone in the winter slush, and yet no construction has started. I know that thanks to many e-mails. So a conversation with Holsten was mandatory but not revelatory.

"Nothing's wrong and we are in good shape but I cannot talk about it," he said. Many retailers have been delaying or scrapping store expansions because the economy is pinching their earnings and banks are less eager to lend...........
..
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Old February 14th, 2008, 06:26 AM   #114
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Dammit!
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Old March 25th, 2008, 05:51 AM   #115
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old news but i didnt see it posted here

i found it on uptown update
a great uptown blog,


The sign announcing the upcoming "Pure2o" condo development was recently posted at Clarendon and Leland. The website says "coming soon." Check back there soon for more info.
Update: Joe Zekas over at "YoChicago" posted a link with more info on the "Pure2o" development. Check it out here. Thanks for linking to it Mr. Pirate.

http://www.pure2ochicago.com/

click this one http://www.castlerocestates.ie/downl...2%202007-2.pdf
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Old March 25th, 2008, 08:12 AM   #116
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Looks cool.
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Old April 12th, 2008, 01:51 AM   #117
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I love this building!
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Old April 12th, 2008, 03:11 AM   #118
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Also - Chicago Journal posted an article a few days ago about the Wilson Yards project. The city has upped their TIF contribution to cover 36% of construction costs, which is almost double the city's suggested cap of 20%.

The developer, Holsten, now vows to begin construction in June. Why am I skeptical?
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Old April 14th, 2008, 07:40 AM   #119
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Just get it going already! I'm anxious for a Target in this area so that I'm not stuck riding the Addison bus all the way out to nearly the Kennedy Expressway or taking the red line all the way down to Roosevelt.
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Old May 9th, 2008, 06:36 PM   #120
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According to Uptown Update, the Clever Boar Wine Bar will open this fall in the newly restored Uptown Broadway Building.
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