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Old March 8th, 2009, 09:45 PM   #1481
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not any year soon
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Old March 8th, 2009, 10:51 PM   #1482
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Quote:
Originally Posted by jhalsey View Post
It's sad this is on hold but the global crisis may be over in a few months.
Until the Derivatives virus is dealt with in Wall Street's main banks (BofA, Citi, WF, etc.), the stock markets won't start to rebuild confidence, and the economy will continue to decline.

It's unlikely the economy will turn around in a few months unless Obama and Geithner do something that's currently very unanticipated.

CNBC's Jim Cramer called the bottom of the Dow Jones at no less than 5320, and that is his worst case scenario. We shall see if he's right.
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Old March 14th, 2009, 03:38 AM   #1483
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Old March 23rd, 2009, 01:56 AM   #1484
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I do hope work resumes on this tower. The design is lovely and I want to see how it looks when it is finished!
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Old March 23rd, 2009, 03:26 PM   #1485
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I think everyone hopes the construction will continue, it would be a nice addition to the wonderful skyline of Chicago...
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Old March 24th, 2009, 03:02 AM   #1486
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Old March 27th, 2009, 01:58 PM   #1487
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March 24



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Old March 29th, 2009, 05:44 AM   #1488
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Taken today:
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Old March 29th, 2009, 05:59 AM   #1489
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i really dont see the point in having the crane still up there. if there not building it,why not take it down ?
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Old March 29th, 2009, 07:52 AM   #1490
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Quote:
Originally Posted by zachary78 View Post
http://www.bestchicagocondos.com/blo...violationsCity Cites Waterview Tower Shell With Building Code Violations
Let us hear your
comments!
March 27, 2009 - Besides the $86.7 million in liens and the recent bailout of the Shangri-La Hotel chain, the Waterview Tower has a new set of problems to contend with. Due to a number of building code violations, the city of Chicago is suing developer Teng and Associates. Crain’s reports that at least 9 citations were issued because of code complaints and violations.

One of those violations brought by city inspectors was for “failing to maintain the shell in a structurally safe and stable condition.” This was due to the apparent unsafe state of a concrete slab atop the concrete shell of a parking garage which was the only construction that made it above ground on the 111 Wacker Drive project. The stability of a crane that was left there was also called into question. Teng supplied a structural engineer’s report and consented to take down the crane within 90 days if construction doesn’t resume on the tower. As for the concrete slab, that will be decided in a court hearing next Thursday.

There were more violations issued for the “vacant abandoned construction site,” including standing water pooled in the basement of the structure and safety fencing that was inadequate. Those problems have since been fixed, however. A representative for the city told Crain’s that, “The developer has been cooperative and substantially compliant with the court orders.”

With so many liens, no financial support and now the city getting aggressive about the unfinished site, Teng may be forced to make a decision soon and take action. Construction sites with partially finished Chicago real estate projects are becoming more of an issue for both the city and residents of Downtown Chicago Condos located nearby.
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Old March 29th, 2009, 07:58 PM   #1491
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Sad sad...
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Old March 31st, 2009, 11:14 AM   #1492
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I can't understand, why is that building such close to another? Can somebody explain it to me? Are they going to connect them?
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Old March 31st, 2009, 02:18 PM   #1493
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Quote:
Originally Posted by Zolohoj View Post
I can't understand, why is that building such close to another? Can somebody explain it to me? Are they going to connect them?
I have the same question.

From this pic seems that those 2 buildings connect each other...
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Old March 31st, 2009, 02:27 PM   #1494
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Quote:
Originally Posted by christos-greece View Post
I have the same question.

From this pic seems that those 2 buildings connect each other...
cople of inches separates the 2


At the back less than an inch
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Old March 31st, 2009, 09:38 PM   #1495
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I think the solution is stupid anyway - whether are they connected or not.
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Old April 1st, 2009, 01:47 AM   #1496
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Quote:
Originally Posted by christos-greece View Post
I have the same question.

From this pic seems that those 2 buildings connect each other...
1) Its a city
2) Its dense
3) The property value is insane so its in their best interest to maximize it.
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Old April 1st, 2009, 10:51 AM   #1497
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Quote:
Originally Posted by Metalus View Post
1) Its a city
2) Its dense
3) The property value is insane so its in their best interest to maximize it.
Ok, I understand that. But still I think that it's to close. Imagine the view from that side window

Never mind, I'll not live thar anyway
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Old April 1st, 2009, 11:42 AM   #1498
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excellent..
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Old April 1st, 2009, 11:45 AM   #1499
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GREAT density! The way a true city SHOULD be.

Hopefully Teng will be able to pull this one off.
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Old April 1st, 2009, 01:38 PM   #1500
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Quote:
Originally Posted by Zolohoj View Post
Ok, I understand that. But still I think that it's to close. Imagine the view from that side window

Never mind, I'll not live thar anyway
I'm sure the people in the LaSalle Wacker building agree - but this is the city, and this happens. In Chicago the streets have been raised, buildings go up, and down. Windows and doors are not as permanent as I would have thought, the outlines of old doors and windows are evident in many of the older brick walls.

down the street - not even that old


across the river - In your face - there is a 3ft passageway between the buildings


Bridge ramp was made higher and longer, the first floor of many buildings became the basement.


Across the river and down a street
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