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Old April 1st, 2009, 08:06 PM   #1501
christos-greece
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Thanks @harryc your post were very helpful, because those buildings from images looks like one...
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Old April 2nd, 2009, 02:38 PM   #1502
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one of the few supertalls I really like and no design-crap.
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Old April 4th, 2009, 05:38 PM   #1503
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April 02

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Old April 24th, 2009, 06:14 AM   #1504
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I hope someone in Chicago keeps us posted on this. I, and many many others, would love to see work resume on this building.
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Old April 24th, 2009, 08:39 AM   #1505
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On hold for nearly a year now, I gotta imagine almost all the buyers have asked for their down payments back and moved on. Not like Chicago doesn't already have thousands of other condos available on the market all ready to move in. This one has to be dead.

Harryc we all appreciate your pictures, but your wasting your time watching this one.

Moderators should lock this one and move it to archives, or cancelled, or purgatory...
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Old April 24th, 2009, 10:31 PM   #1506
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Quote:
Originally Posted by harryc View Post
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.

Across the river and down a street

I'm not really this boring... honest injun! Rofl
But i find this pic quite fascinating... the amount changes this one bit of wall has seen.
How old would this wall be 70 years? 100 years?
Makes me wonder what stories lie behind all the changes?

I'm not really boring... well... mebbe
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Old April 24th, 2009, 11:44 PM   #1507
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nice design. would make a great adition for that location.
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Old April 27th, 2009, 01:02 AM   #1508
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Old April 27th, 2009, 12:40 PM   #1509
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Come on its ON HOLD for almost half a year and tons of useless posts!





Reopening the thread if the works will start again.
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Old April 27th, 2009, 08:13 PM   #1510
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I think its in the wrong section too. All other on hold are in proposed ST section. Or is that cus this one's already well on its way?
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Old April 27th, 2009, 10:53 PM   #1511
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Maybe its not far from going on!
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Old June 4th, 2009, 10:50 PM   #1512
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http://www.bestchicagocondos.com/blo...osureWaterview Tower Sinking Under Weight Of Foreclosure
Let us hear your
comments!
June 3, 2009 - Any hope that might have still been floating for the stalled Waterview Tower is probably sinking even faster now that the Bank of America has filed a foreclosure suit for over $20 million. That may be a moot point though, because there are over 30 liens adding up to around $85 million against the failed Chicago real estate project. According to the latest article in Crain’s, the site and 26 story concrete base really has no value at this point with so much owed against it.

Lawyer Scott Fradin who represents one of the contractors with a lien told Crain’s that, “Nobody’s going to get anything out of it because it’s worthless.” He also said that in his opinion, “The property is worth less than it would be if it was vacant. At this point, the dollars are so big and the property has such little value that there’s little reason to fight.”

The bank’s foreclosure suit is coupled with the contractor suits, but the law states that contractors and construction companies who had signed contracts with developer Teng and Associates for work on the Waterview Tower will be paid before the bank can recoup any money. And with so many hands out and no buyers for the project it’s likely that many won’t get paid.

Teng forged ahead with the 90 story high-rise in 2006 before any financing was in place for the project on 111 West Wacker Drive. The $20 million from Bank of American was a bridge loan, but no other lender stepped forward to finance the tower. Teng had further setbacks when a possible $400 million loan from a China bank didn’t materialize and the Shangri-La Hotel chain opted out of their deal to run the hotel portion of the development.

We’ll have to wait and see what becomes of the 26 story shell after all of the legal wrangling is over. Unless another developer comes up with a plan and the money to build Chicago Condos there, it may turn into a very expensive parking garage.
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Old June 4th, 2009, 10:55 PM   #1513
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What! "very expensive parking garage" they can't do that. this building is by far one of the greatest designed in Chicago. my city better do something about this!
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Old June 4th, 2009, 11:49 PM   #1514
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the parking maybe would be temporary only. i'm sure it gets build...but not very soon. we'll have to wait at least 1-2 years i think, the current situation for this tower is not really good.
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Old June 5th, 2009, 12:30 AM   #1515
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noooooooooo
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Old June 5th, 2009, 07:53 AM   #1516
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Will someone please buy this property and finish it!?!?
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Old June 5th, 2009, 05:37 PM   #1517
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Quote:
Originally Posted by CrazyAboutCities View Post
Will someone please buy this property and finish it!?!?
sure I'll be on it tomorrow
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Old June 5th, 2009, 06:32 PM   #1518
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I'll donate a cup of concrete.
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Old June 6th, 2009, 05:09 PM   #1519
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Old June 12th, 2009, 08:30 PM   #1520
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