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Old August 3rd, 2008, 04:01 AM   #1341
MDguy
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well it seems July has passed us by and still nothing?
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Old August 3rd, 2008, 03:27 PM   #1342
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see post1323. It could well be on hold until end of august
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Old August 5th, 2008, 12:13 AM   #1343
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It's amazing to me that for something that they fell back on excuses of 'the language barrier' and 'China is so far away' for not getting a deal done and the funds secured.

I'm not surprised, though, that since it didn't happen yet it won't happen any time soon. The Olympics have shut down China for the next 3+ weeks.

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Old August 8th, 2008, 03:01 AM   #1344
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I have decided that it was time to share with you all my Waterview Tower Sketchup model in KMZ form. It's no fun if I'm the only one that can enjoy it...Perhaps we can will it to happen by all inserting it into our Google Earth.

Click on the link below to view Waterview tower in Google Earth.

I hope you all enjoy.

http://sketchup.google.com/3dwarehou...1eaba&result=4
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Old August 8th, 2008, 07:59 PM   #1345
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Great job Ryan81 ! How long did it take you to make this sketchup model?
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Old August 12th, 2008, 08:28 PM   #1346
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Aug 09

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Old August 12th, 2008, 11:31 PM   #1347
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Nice picture!!!!!!!
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Old August 13th, 2008, 01:54 AM   #1348
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Another very nice building for Chicago. This one looks very elegant.
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Old August 24th, 2008, 12:16 PM   #1349
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Ummm...well it's almost the end of August and I still see nothing.
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Old August 25th, 2008, 04:40 PM   #1350
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I spoke to my contact this morning and she stated that they're very close to finishing the deal with the Chinese. They also have a back up. However, she stated that because they're dealing with the Gov't of China things are very slow. Everytime they think things are close the Chinese come back with another due diligence request. For the first time I did notice some concern in her voice. BTW, she did not elaborate on whom the financial back up.
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Old August 26th, 2008, 04:38 AM   #1351
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Quote:
Originally Posted by cheeps View Post
They also have a back up...BTW, she did not elaborate on whom the financial back up.
Lotto tickets???
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Old August 26th, 2008, 05:17 AM   #1352
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Quote:
Originally Posted by Densetsu View Post
Waterview Tower looks like an abandoned "ghost skyscraper" in the middle of Chicago.
Yeah, it's depressing considering that this building should be a stunner once completed. This whole deal with "starting again any moment - it's just around the corner..." isn't really convincing at this point - I'll believe it when I see it.
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Old August 26th, 2008, 06:14 AM   #1353
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Edit: Wrong thread

Last edited by Badgers77; August 26th, 2008 at 06:53 AM.
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Old August 26th, 2008, 06:54 AM   #1354
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..

Last edited by Chitowner245; August 26th, 2008 at 06:55 AM. Reason: .
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Old August 26th, 2008, 06:14 PM   #1355
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Quote:
Originally Posted by Dave H View Post
Lotto tickets???

Good one!
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Old August 26th, 2008, 07:05 PM   #1356
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Hiya guys,

just a reminder to the newbies on here that here is a video of what happend so far on the site till the break.

http://www.youtube.com/watch?v=toNtdNboRp8

Music: Funkerman - Speed Up (Vincent Martin Vs Sidekick Rmx)
(The Full Song this time)

Have fun
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Old August 26th, 2008, 07:10 PM   #1357
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nice vid, thanks.

now that the Olympics is over, I'm hoping for some progress soon.
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Old August 26th, 2008, 07:50 PM   #1358
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Nice video!

I made some construction videos on YouTube too.
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Old August 27th, 2008, 04:08 PM   #1359
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http://www.chicagorealestatedaily.co...ws.pl?id=30756

(Crain's) — The developer of the stalled Waterview Tower and Shangri-La Hotel has hit another snag as it tries to obtain financing to restart the $500-million Wacker Drive project.

Chicago-based Teng & Associates Inc. has been unable to secure trade credit insurance for the 90-story development, and the Export-Import Bank of China won't provide a $400-million construction loan for the project until it does. It is the latest snafu for Teng, which began construction without a loan back in 2006, a move that backfired when the real estate debt markets froze up last year.


and the good news.....

The Export-Import Bank has allowed Teng and Beijing Construction to seek out other insurers, including Lloyd's and American International Group Inc., Mr. Henson says. He aims to have a policy in place and the loan wrapped up by early October, about three months later than expected. Only then will workers return to the project at 111 W. Wacker Drive, now just a 26-story concrete shell.
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Old August 27th, 2008, 04:22 PM   #1360
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