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Old October 27th, 2007, 04:22 AM   #241
Centrum
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Originally Posted by edsg25 View Post
that i didn't realize. i thought their property line went up to the riverfront.
we don't own the land between wells and the river.
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Old October 27th, 2007, 04:29 AM   #242
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Post a question and maybe he'll answer. Nothing is going on in this thread except typical gum-flapping about the pros and cons of the NSCP.
Our project has 42 miles of steel piles, more piles than any project in the history of the city of chicago. We are getting ready to pound the 42nd mile next wednesday. We've been pounding piles with three rigs straight since May of 2007. Our third tower crane should be up in a month. First elevated slab will get poured in a week or so.

We've sold 50% of the loft units and leased 50% on the retail space. The project is going great.

Financing closed on the first phase in the face of a tough credit market. There were 6 banks in the syndicate.

Other than that, no new news to report.
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Old October 27th, 2007, 04:53 AM   #243
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..

Last edited by Loopy; May 19th, 2010 at 02:38 AM.
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Old October 27th, 2007, 01:25 PM   #244
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Centrum, is this future development on Financial Place considered part of Roosevelt Collection, or is it separate?

Is there anything you can tell us about this tower?


We own that land and is part of our development. That rendering is one plan that we came up with. We are entitled for 600 units. We want to start construction of our first tower before we do anything with that north parcel.
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Old October 27th, 2007, 04:53 PM   #245
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Last edited by Loopy; May 19th, 2010 at 02:38 AM.
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Old October 28th, 2007, 12:37 AM   #246
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http://www.heartlandrebusiness.com/a...ighlight1.html

Chicago Retail Market
Edward Zifkin and Greg Moyer


Centrum Properties, with partner Angelo Gordon, is also dealing with the vexing problems of grade and infrastructure with the development of Roosevelt Collection. The project is located just west of the two-story Target at Roosevelt and Clark. The 400,000-square-foot retail component will be anchored by 90,000-square-foot Kerasotes Showplace Theater, Urban Outfitters and H&M.
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Old October 28th, 2007, 10:42 PM   #247
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Another H&M? Really? I suppose it makes sense with all of the college students around, but given the H&M on State and Mich Ave, coupled with the (2) Forever 21s and new Charlotte Russe, it'd be nice to put a minor halt on these types of shops.

Heck, I like to save a dollar or two, but at the same time, can't we get more unique retailers aside from the same discount chain? I know Zara is coming to Mich Ave, but I'd love to see them close by. Zara's received rave reviews for its phenom quick turnaround when it comes to trends and even had a Harvard business case written up about them.

Last tidbit: given the amount of families and new couples moving in to the area, I'd hope to see stores like Ann Taylor, GAP, etc.
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Old October 29th, 2007, 12:33 AM   #248
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I think a north side location for a third H&M would make way more sense. i could imagine it fitting well into the area around belmont, diversey, clark, and broadway ish, which is an established shopping destination, and where there are already a lot of national chains.
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Old October 29th, 2007, 04:52 AM   #249
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Last tidbit: given the amount of families and new couples moving in to the area, I'd hope to see stores like Ann Taylor, GAP, etc.
^ Eh?

You just mentioned getting more unique retailers, yet in the very next paragraph you asked for Ann Taylor and Gap...

Confused..
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Old October 30th, 2007, 02:46 AM   #250
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Thanks. Have you finalized the design of the tower at Roosevelt Collection proper yet? Are there any renderings yet?
We have some plans but they are not 100% final.
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Old October 30th, 2007, 09:36 PM   #251
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Centrum, is the finalizing of the vacation of Financial south of Polk simply to make more room for yourselves now that you'll be getting out of the ground further south, or are you preparing to start work on something on that land?
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Old November 5th, 2007, 07:07 AM   #252
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Sunset for construction crane lovers:

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Old November 5th, 2007, 01:58 PM   #253
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Centrum, is the finalizing of the vacation of Financial south of Polk simply to make more room for yourselves now that you'll be getting out of the ground further south, or are you preparing to start work on something on that land?
We are not starting anything soon on that land. We moved Financial, Taylor and 9th to allow for the park and for CDOT to install the street and utilities. Specifically, I moved Financial to the west b/ CDOT requested it due to certain underground utility issues. They are bringing an 8' main down new financial.
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Old November 5th, 2007, 01:59 PM   #254
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Sunset for construction crane lovers:


We have one more coming soon. We are pouring the first elevated slab this week, if all goes well.
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Old November 6th, 2007, 05:47 AM   #255
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Centrum - This is off-topic but I don't know where else to ask - is there something big planned at Belmont and Kimball? I see your signs and it would be great to see a transit-oriented develoment there.
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Old November 8th, 2007, 06:35 PM   #256
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This morning (as requested):



Centrum, would I be right in saying that you hope to have retail stores open next November?
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Old November 10th, 2007, 02:54 AM   #257
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This morning (as requested):

Centrum, would I be right in saying that you hope to have retail stores open next November?
We plan to open the retail portion of the project Oct 2009.
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Old November 11th, 2007, 05:53 AM   #258
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We plan to open the retail portion of the project Oct 2009.
What about the theater? I thought I read recently that it could open in 2008.
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Old November 11th, 2007, 02:03 PM   #259
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What about the theater? I thought I read recently that it could open in 2008.
Same thing. We plan to open all the retail at once.
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Old November 11th, 2007, 02:04 PM   #260
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Centrum - This is off-topic but I don't know where else to ask - is there something big planned at Belmont and Kimball? I see your signs and it would be great to see a transit-oriented develoment there.
I don't know what we are doing at that location, exactly. That project is being run from a different group.
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