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Old January 16th, 2009, 02:27 AM   #101
spyguy
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That's because you're looking at the concourse, not the actual market.
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Old January 20th, 2009, 01:42 AM   #102
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Has anybody heard anything about the big mass of abandoned, grey buildings on Grand and Milwaukee? There has to be some sort of plan for that corner.
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Old January 21st, 2009, 08:26 AM   #103
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^There was a proposal a while back called Grand Station, IIRC.

Here it is: http://www.grandstationchicago.com/
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Old January 22nd, 2009, 07:47 AM   #104
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http://www.chicagojournal.com/main.a...83&TM=85825.98

Project shakin' in the West Loop?
1/21/2009 10:00:00 PM


From the newsletter of FitzGerald Associates, the architecture firm: "We have two exciting projects that are working their way through the Chicago approvals process. One is a 48-story tower in the West Loop and adjacent to the Kennedy Expressway. The impetus for the project was a need to expand banquet and conference facilities for the adjacent hotel. Atop this podium (which will also contain ground-floor retail and six levels of parking) will rise a stunning tower containing luxury rental units that will have all of the amenities that the hotel provides."
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Old January 22nd, 2009, 04:27 PM   #105
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Quote:
Originally Posted by spyguy View Post
http://www.chicagojournal.com/main.a...83&TM=85825.98

Project shakin' in the West Loop?
1/21/2009 10:00:00 PM


From the newsletter of FitzGerald Associates, the architecture firm: "We have two exciting projects that are working their way through the Chicago approvals process. One is a 48-story tower in the West Loop and adjacent to the Kennedy Expressway. The impetus for the project was a need to expand banquet and conference facilities for the adjacent hotel. Atop this podium (which will also contain ground-floor retail and six levels of parking) will rise a stunning tower containing luxury rental units that will have all of the amenities that the hotel provides."
^ Interesting. What project could it be? I can't remember the name, but there is a hotel along Halsted that has retail facing a giant parking lot. I've always hated that big swab of surface parking, and am hoping that this project will replace that.

Also, they never mentioned the second project they're working on.
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Old January 23rd, 2009, 02:22 AM   #106
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^ Interesting. What project could it be? I can't remember the name, but there is a hotel along Halsted that has retail facing a giant parking lot. I've always hated that big swab of surface parking, and am hoping that this project will replace that.

Also, they never mentioned the second project they're working on.
That would be the Crowne Plaza Chicago Metro. On the outside, it looks like a cheap, old, Vegas hotel.
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Old January 23rd, 2009, 03:22 AM   #107
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Yes, that Crowne Plaza in Greektown, for decades the tallest building in the area, is a crude relic built in the 1970's. It's exterior has undergone more face lifts than Marilyn Miglin.
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Old January 30th, 2009, 09:46 PM   #108
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Washington & Sangamon Hotel

Looks like David Wallach is proposing another hotel, this one might encounter less obstacles than his Greektown Site.

Developer plans hotel on failed condo site
By Eddie Baeb, Jan. 30, 2009



(Crain’s) — Developer David Wallach wants to bring a Gen X-oriented hotel to a West Loop site where he faces an overdue construction loan on a failed 100-unit condo project.


Rendering of NYLO hotel proposed for the West Loop.
Mr. Wallach has an agreement with NYLO Hotels LLC to develop a 179-room hotel for the upstart Atlanta-based company. The NYLO (pronounced Ny-low) hotel would be in two buildings: a seven-story brick warehouse at 123 N. Sangamon St. that Mr. Wallach was converting into loft condos and a new building that would be just south at Sangamon and Washington Boulevard.

Like all developers these days, Mr. Wallach, a principal with W Developments LLC, faces an uphill battle to land financing. Mr. Wallach also has an overdue construction loan of more than $11.3 million on the project and is facing more than a half-dozen contractor liens on the 123 N. Sangamon building, where interior renovations are nearly completed for what were to be the project’s first 45 condos.

Mr. Wallach says he is in talks with the project’s lender, Midwest Bank & Trust Co., and says it’s possible Midwest would finance the hotel. A spokesman for Melrose Park-based Midwest didn’t return a call seeking comment.

Mr. Wallach is among a host of condo developers now considering other uses for their projects, such as hotels, apartments or student housing, to salvage their investments. He says he can’t predict when he’ll be able to secure a loan and begin construction.

“The timing, hopefully, is quick,” Mr. Wallach says. “We live in challenging times with the credit markets now.”

Mr. Wallach bought 123 N. Sangamon in early 2006 for $5.1 million. That spring he secured a construction loan for the project of $11.3 million, and the loan’s payoff date was later extended to January 2008, according to documents filed with the Cook County Recorder of Deeds.

“Without question this is the right product for the site,” Mr. Wallach says. “This would be killer.”

The hotel would feature 41 suites, housed in the 123 N. Sangamon building, as well as a rooftop restaurant and bar.

Mr. Wallach is also still vying to bring a hotel to another West Loop site, at 333 S. Halsted St. in Greektown. The proposed tower, where Mr. Wallach originally had planned condos, would sit atop a new home for the Hellenic Museum and Cultural Center. Mr. Wallach first proposed the hotel development last spring and says he continues to work with hotel operator Dolce International on the project.

NYLO, which was founded in 2005 and has two locations, near Dallas and Providence, R.I., announced franchise agreements at a trade show this week for the West Loop project and new locations in Frisco, Texas, and New York’s Financial District. NYLO is also building a third company-owned hotel in Las Colinas, Texas.

“The new franchised properties will offer the style and amenities of boutique hotels with a wallet-friendly twist,” the company says in its press release. “These hip hotels will feature the brand’s dramatic urban loft design, the latest tech-friendly comforts and unique restaurants/bars as high-energy social hubs.”
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Old January 31st, 2009, 12:25 AM   #109
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^Here's the rendering in the article


Might be good for Randolph Street and useful for Harpo Studios. Anyway, I'm more interested in the hotel and museum plans for Halsted.
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Old February 2nd, 2009, 06:34 AM   #110
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Looks good. I hope to see a lot more neighborhood hotels.
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Old February 5th, 2009, 12:29 AM   #111
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http://www.chicagorealestatedaily.co...ws.pl?id=32883

Roundy’s exits West Loop lease, in talks on 2 other sites
By Eddie Baeb, Feb. 04, 2009


Roundy’s Supermarkets Inc. has pulled out of a lease in a West Loop development and is now in talks for another site nearby along with one downtown in the Lakeshore East complex.

...In Mr. Taxman’s West Loop development, the grocer had leased roughly half of the planned 120,000 square feet of retail. Mr. Taxman recently began marketing Roundy’s space to other retailers, including grocery stores he wouldn’t name.

Mr. Taxman also has a tentative agreement for a Hyatt Extended Stay hotel that would be built atop the retail building, and is still planning a 200-unit apartment building at the corner of Madison and Green Street.

...The site Roundy’s is now considering just to the southwest, at Jackson and Aberdeen, was once home to a Fannie May factory and is being developed by Chicago-based IBT Group LLC.
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Old February 11th, 2009, 07:44 AM   #112
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Wow, what's up with the proliferation of hotel proposals for the West Loop?

Quote:
The site Roundy’s is now considering just to the southwest, at Jackson and Aberdeen, was once home to a Fannie May factory and is being developed by Chicago-based IBT Group LLC.
This is the West Loop Promenade, yes? I'm hoping this gets off the ground soon, as well as the Hellenic Museum + hotel project at Halsted & Van Buren.
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Old February 12th, 2009, 11:29 PM   #113
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565 Quincy
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Old February 18th, 2009, 12:48 AM   #114
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http://www.globest.com/news/1348_134.../176912-1.html

Developers To Sell Site, Plans for 325-Unit Development
By Cari Brokamp


Van Buren Financial LLC has plans to sell 1035 W. Van Buren, a 32,000-square-foot site with zoning and entitlements for a 23-story multifamily development. The property is within a fully-approved planned development for a 325-unit apartment tower, with parking and retail.
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Old March 6th, 2009, 01:20 AM   #115
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514 units/ 533 parking spaces/ 10000 SF retail

http://chicagojournal.com/main.asp?S...81&TM=84622.94

48-story West Loop tower pitched
Developer says he wants to be ready when economy improves

By KATE SHELLNUTT


A developer has announced plans to build the tallest building west of the Dan Ryan Expressway, a $150 million, 48-story apartment-hotel tower at West Madison and North Halsted streets. The announcement met mixed responses at an initial West Loop community meeting Tuesday night.

The development includes 48 floors of apartments atop a base with ground-level retail, six stories of parking and a ballroom that bridges to the nearby Crowne Plaza Hotel at 733 W. Madison St. David Friedman, the developer and hotel owner, has a target completion date of 2011 for the project.

Friedman, whose company FF Realty Inc. owns four luxury apartment buildings and five hotels - including the West Loop's Crowne Plaza - will continue to hold meetings to gauge community reaction before applying for a new zoning designation that would allow the 500-foot structure. The proposed location, the Crowne Plaza parking lot, is currently zoned for buildings up to 300 feet in height.

...The elliptical-shaped glass building would serve as an apartment-hotel...
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Old March 13th, 2009, 12:50 AM   #116
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Exciting News!

Emerald Press Release (***PDF Warning***)

...T Mobile and GameStop will soon join Fifth Third Bank and Starbucks which have for the past year occupied Emerald's Halsted Street retail space.
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Old April 3rd, 2009, 05:18 AM   #117
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West Loop New Comer

There are much fewer posts here compared to other community. I am coming to add some color~
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Old April 3rd, 2009, 05:20 AM   #118
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Quote:
Originally Posted by spyguy View Post
http://chicagojournal.com/main.asp?S...81&TM=84622.94

48-story West Loop tower pitched
Developer says he wants to be ready when economy improves

By KATE SHELLNUTT


A developer has announced plans to build the tallest building west of the Dan Ryan Expressway, a $150 million, 48-story apartment-hotel tower at West Madison and North Halsted streets. The announcement met mixed responses at an initial West Loop community meeting Tuesday night.

The development includes 48 floors of apartments atop a base with ground-level retail, six stories of parking and a ballroom that bridges to the nearby Crowne Plaza Hotel at 733 W. Madison St. David Friedman, the developer and hotel owner, has a target completion date of 2011 for the project.

Friedman, whose company FF Realty Inc. owns four luxury apartment buildings and five hotels - including the West Loop's Crowne Plaza - will continue to hold meetings to gauge community reaction before applying for a new zoning designation that would allow the 500-foot structure. The proposed location, the Crowne Plaza parking lot, is currently zoned for buildings up to 300 feet in height.

...The elliptical-shaped glass building would serve as an apartment-hotel...

Let's get more retail here in WL!
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Old April 3rd, 2009, 05:25 AM   #119
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does anyone know when IBT will start the project on former fannie mae site?
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Old April 3rd, 2009, 06:39 PM   #120
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Hopefully soon, I would love to have a closer grocer
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