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Old July 17th, 2008, 03:55 AM   #61
Dave H
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Quote:
Originally Posted by Chicagophotoshop View Post
looks like they are almost done.
Other than complete the structure, remove the tower crane, complete the framing and cladding of the exterior, install the roof, install the elevators, frame the walls, rough-in the electrical, plumbing, mechanical, fire protection, install drywall, tape the drywall, paint, tile the bathrooms, install cabinets and plumbing fixtures, light fixtures, carpet, build out the lobby, commission the fire alarm and mechanical systems, yes, they are almost done.
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Old July 17th, 2008, 04:45 PM   #62
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Quote:
Originally Posted by Dave H View Post
Other than complete the structure, remove the tower crane, complete the framing and cladding of the exterior, install the roof, install the elevators, frame the walls, rough-in the electrical, plumbing, mechanical, fire protection, install drywall, tape the drywall, paint, tile the bathrooms, install cabinets and plumbing fixtures, light fixtures, carpet, build out the lobby, commission the fire alarm and mechanical systems, yes, they are almost done.
exactly.


sadly, none of this will be happening.....for who knows how long
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Old August 24th, 2008, 03:57 AM   #63
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What's the hold up on this project?? Financing? It's too close to stop now!!
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Old August 29th, 2008, 04:18 PM   #64
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crane came down. very bad
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Old October 1st, 2008, 06:00 PM   #65
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Construction Update

Good news ladies and gents, I just walked past the site and construction has resumed.
Judging from the facade(metallic panels?), I believe this one will be right up there with 600 Fairbanks and Hotel Sofitel.
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Old October 1st, 2008, 06:04 PM   #66
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Really? What did you see?
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Old October 1st, 2008, 06:19 PM   #67
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Really? What did you see?
First, please excuse my construction lingo(I'm more into the finished product than the actual process). I saw what looked to be a crane with an elevator. There were a few construction workers on site putting materials in this elevator. Next door to Staybridge is a hotel conversion(I believe its being called Hotel Felix) taking place. That too is having construction but I was very sure not to mix up the two. You can definitely move this one back to under construction.
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Old October 1st, 2008, 06:39 PM   #68
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That would be great..can anyone elso confirm?
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Old October 4th, 2008, 04:03 AM   #69
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That is great news thanks!
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Old June 26th, 2009, 06:50 PM   #70
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http://www.hvs.com/news/4007/hvs-cap...cago-illinois/

HVS Capital Corp Appointed Advisor on Proposed Staybridge Suites in Chicago, Illinois
Posted Monday June 22, 2009


HVS Capital Corp has been appointed as advisor to Dellisart – Chicago B LLC -- to assist with the restructuring plan for the proposed Staybridge Suites Hotel in Chicago, Illinois.

The partially constructed 207-room all-suite hotel is located in the River North neighborhood of downtown Chicago, proximate to the Magnificent Mile. The 17-story structure pays tribute to the dynamic architecture of Chicago, while contributing to the continued renaissance of the River North community. As the majority of major hotel brands are already represented in Chicago, this development offers a rare opportunity to enter one of the most prominent lodging markets in the U.S., according to Jeffrey Duni, Vice President of HVS Capital Corp.

HVS Capital Corp is the investment banking division of HVS Global Hospitality Services. Its three core areas of service are financing, investment sales, and capital advisory. The Special Hospitality Assets Group of HVS Capital Corp offers comprehensive services for lenders and borrowers in distressed asset situations, utilizing the relevant disciplines of HVS’ global consulting services to facilitate workouts of distressed hotel assets. Most importantly, HVS Capital Corp can access the necessary rescue equity to recapitalize a project, thereby alleviating the fundamental lack of liquidity in distressed asset situations.
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Old October 1st, 2009, 05:36 PM   #71
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...

Quote:
Originally Posted by chicubs111 View Post
Construction Projects Put On Hold In Tough Economy

Staybridge Suites at Huron and La Salle hopes to restart construction on November 1st.

http://cbs2chicago.com/local/constru...2.1219258.html
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Old October 1st, 2009, 05:43 PM   #72
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YAY. I look away in shame every time I go within viewing distance of this disgrace.
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Old October 1st, 2009, 05:43 PM   #73
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Finally, some good news! I'll start celebrating once they start taking down all that covering...
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Old October 17th, 2009, 05:27 AM   #74
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Old October 21st, 2009, 12:42 AM   #75
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^Yipee. I'll keep a close eye on this one as I pass by it on the bus every day.
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Old February 24th, 2010, 04:29 AM   #76
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Is there any new on this one being finished?
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Old May 19th, 2010, 04:14 PM   #77
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http://www.chicagorealestatedaily.co...ws.pl?id=38281

Investors battle lender on stalled Miglin hotel
By Alby Gallun, May 19, 2010


Chicago developer Duke Miglin and an Irish group he recruited to invest in his stalled River North hotel project are striking back at the lender trying to foreclose on the property, now just a 16-story concrete shell draped in canvas.

Mr. Miglin and his prospective partner allege that the lender, CapitalSource Finance LLC, reneged on an agreement to recapitalize and restart the planned Staybridge Suites hotel at 127 W. Huron St., which has been idle for nearly two years.
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Old May 31st, 2010, 06:19 AM   #78
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about time they are doing something with that huge eyesore
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Old May 31st, 2010, 06:24 AM   #79
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about time they are doing something with that huge eyesore
I agree! It just ruins the entire visual appeal of the area...
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Old June 2nd, 2010, 05:57 AM   #80
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Hm, that story from the 19th looks earily familiar. See here: http://www.jsonline.com/business/47000577.html
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