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Old December 21st, 2009, 03:31 AM   #1561
Destroyed007
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I'm wondering how long it'd stay built like this until it's torn down if no one buys it. To leave such a large building sitting empty on the river would be horrible.
I believe the current state of the building may have to stay like that until another investors could buy the site, then they could feel free to do whatever they want from then. Let's just hope no more fire will broke out, or anything else that would threaten civilians near the site ATM.
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Old December 21st, 2009, 11:33 PM   #1562
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Yeah I still remember being back in architecture at UDM and seeing this awesome render of a beautiful emerald-green clad Chicago condo tower named "Waterview". But wow how times have changed. If you told me that of all the huge chances that large projects like these get shelved either due to rejected designs, an over-glut of original programming space, or lack of funds that it'd be the last choice here. Well, not insomuch as a lack of funds beforehand but necessarily at a time *when the building is already a good portion built*!. It honestly never occured to me all these years that hey, just because your beautiful building is rising above ground that it's always smooth sailing and the money's there because well in this case, it isn't.

Other than maybe some exceptions in Dubi where a lot of towers are in different phases of construction, has this happened with any building in the US before? I certainly can't recall any off the top of my head.

What chance do you guys think this has of going ahead in any vision? We may not have Waterview but to end it at 50 floors would definitely look well, stumpy.

Last edited by The-Real-Link; December 21st, 2009 at 11:43 PM.
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Old December 22nd, 2009, 06:54 AM   #1563
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How long will the city allow this unfinished hulk to remain in place before forcing the owners to tear it down? Could Daley conceiveably pull one of his midnight raids (like at Meigs) and have the city demolish it?

If this thing will never be completed as an 89 story hotel/condo building, there is no need for so much parking. It seems that much of it will need to be torn down anyway before the land could be put to a useful purpose. A 50 story office tower does not require 12 of those floors to be for parking.
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Old December 22nd, 2009, 10:40 PM   #1564
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How long will the city allow this unfinished hulk to remain in place before forcing the owners to tear it down? Could Daley conceiveably pull one of his midnight raids (like at Meigs) and have the city demolish it?

If this thing will never be completed as an 89 story hotel/condo building, there is no need for so much parking. It seems that much of it will need to be torn down anyway before the land could be put to a useful purpose. A 50 story office tower does not require 12 of those floors to be for parking.
There was a similar unfinished stump in downtown Austin that Intel abandoned and was left standing for many years. In a climate like Chicago, you wouldn't want this stuff as it is for more than 10 or 15 years.
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Old December 24th, 2009, 05:49 AM   #1565
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Old December 24th, 2009, 09:18 AM   #1566
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What are they going to do with those exposed rebars? Aren't they cutting it off whilst dismantling the crane? Sorry if this question got explained somewhere.

EDIT: I know now, forget about that stupid question

Last edited by Destroyed007; December 29th, 2009 at 08:37 AM.
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Old December 29th, 2009, 08:25 AM   #1567
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Stupid recession forced the cancellation of this project. A recent South Park episode made me condemn the recession, so if financing is secured, the project will be un-canceled, construction will resume and the building be completed as planned, even at a lower funcional height (no lower than 275 metres, though). This is the Chicago version of the Ryugyong Hotel, only it is far from completely topping out. Now the United States will never have a Shangri-La Hotel all because the tower housing it is on indefinite hold.
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Old December 29th, 2009, 09:34 AM   #1568
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Whatt???? How can this be cancelled? How an they leave this structure with many floors built!
Hope it is on hold just for a while.
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Old December 29th, 2009, 11:18 PM   #1569
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They're pouring probably the final concrete slab at the top then they'll remove the crane afterwards.
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Old December 30th, 2009, 01:34 AM   #1570
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wow, never thought, that such a project with so many floors already built could be canceled and probably teared down...
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Old December 30th, 2009, 06:13 AM   #1571
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Quote:
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Stupid recession forced the cancellation of this project. A recent South Park episode made me condemn the recession, so if financing is secured, the project will be un-canceled, construction will resume and the building be completed as planned, even at a lower funcional height (no lower than 275 metres, though). This is the Chicago version of the Ryugyong Hotel, only it is far from completely topping out. Now the United States will never have a Shangri-La Hotel all because the tower housing it is on indefinite hold.
Huh? We do have one in Los Angeles, California. I don't know if it is opened yet.
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Old December 30th, 2009, 08:29 AM   #1572
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This is disappointing. There were a lot of exciting projects going on in Chicago the past few years. Most of them are topped out/ completed by now and I actually expected some new and fresh projects. But apparently the city is somehow out of money or doesn't have any inspiration. I actually think there is nothing going on except for the Spire that's on hold. Rest of the tall projects or projects that matter are topped out or completed..
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Old December 30th, 2009, 09:34 PM   #1573
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It's time to move this one to the DN Archives.
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Old December 30th, 2009, 09:36 PM   #1574
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Shoveled walk - there have been crew onsite every day for the last 2 weeks.
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Last edited by harryc; December 31st, 2009 at 04:57 PM.
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Old December 30th, 2009, 10:02 PM   #1575
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If they don't finish the building, are they going to have the street occupied forever?, I would say that side of the street is not completely safe until they clad the facade.
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Old December 31st, 2009, 12:58 AM   #1576
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While I don't think we're going to see any of this kind of risky speculation again for a long time, I do think the city ought to consider some sort of legal safegaurds against developers abandoning projects and leaving partially-completed eyesores to rot.

Construction permits should not be granted until the developer demonstrates the ability to complete the project as allowed for in the permit. This means the developer should not be allowed to break ground before financing to complete the entire project is in place. Developers also should have to pay into a fund, administered by the city, that could be used to restore abandoned construction sites. Sure, the city can fine the developer to properly secure the site to code. But they can not force them to tear it down for aesthetic reasons.

The concrete work already in place makes this property worth less than if it were clear. What's there can not be easily adapted to something useful in this new economic climate and it will probably have to be completely demolished. This makes the site very undesireable to buyers. It is possible that the neighbors to this site will be forced to deal with it for a decade. Or more. And just wait until the graffiti "artists" start tagging it...
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Old December 31st, 2009, 02:36 PM   #1577
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Why can't they just put a roof on it, place some windows and rent it?
Wouldn't this work?
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Old December 31st, 2009, 04:56 PM   #1578
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Dec 31

Preparing to disassemble the crane, the compressors, lift, and tools were all going up this morning.


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Old January 1st, 2010, 03:25 AM   #1579
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Only good thing about this is... Less competition for the Spire.
Fingers crossed.
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Old January 1st, 2010, 03:37 AM   #1580
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Quote:
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This is disappointing. There were a lot of exciting projects going on in Chicago the past few years. Most of them are topped out/ completed by now and I actually expected some new and fresh projects. But apparently the city is somehow out of money or doesn't have any inspiration. I actually think there is nothing going on except for the Spire that's on hold. Rest of the tall projects or projects that matter are topped out or completed..
What exactly does the city have to do with this project? The city was not building this tower in case you didn't know. The city has its own projects that it's working on.
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