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Old September 12th, 2007, 12:07 AM   #3181
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Old September 12th, 2007, 12:43 AM   #3182
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The top floors at the Mandarin and Trump tower are going for $21 million and $28 million, I find no reason why CS has to settle for less.

$30 million seems to be reasonable to me. It could go much higher than that if Chicago is chosen to host the 2016 Olympics.

http://www.mandarinorientaltower.com/

http://www.palmolivebuilding.com/news_pdfs/796099.pdf

Quote:
Originally Posted by prelude91 View Post
$30 million seems a bit high for the Chicago market. High end condo's (trump, etc) in Manhattan go for around $3,000/sq. foot. I think the CS will peak at about $2,000/sq. foot
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Old September 12th, 2007, 04:29 AM   #3183
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September 11, 2007



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Old September 12th, 2007, 04:30 AM   #3184
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September 11, 2007



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Old September 12th, 2007, 04:51 AM   #3185
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Quote:
Originally Posted by secondcity1 View Post
The top floors at the Mandarin and Trump tower are going for $21 million and $28 million, I find no reason why CS has to settle for less.

$30 million seems to be reasonable to me. It could go much higher than that if Chicago is chosen to host the 2016 Olympics.

http://www.mandarinorientaltower.com/

http://www.palmolivebuilding.com/news_pdfs/796099.pdf
I think the condos that are being "marketed" by Trump and Mandarin that you reference are ploys by the developers to add value to the other units. A home is worth nothing until it is sold, and just because these units are purportedly for sale doesnt mean anyone will buy them at the prices listed. It is more likely that they will be divided up and sold for much less. I do agree, however, that the top units in the spire will go for more (probably much more) than Trump, and way out of Mandarin's league. And because the biggest unit wont be at the tippy top of the Spire, the top unit probably wont be the most expensive. I wouldnt be surprised if the top 10 floors go for $2500 per square foot at the time of purchase (which could be 5 years away). Those places will easily be 10,000 sq ft - 15,000 sq ft = $25,000,000 - $37,000,000.
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Old September 12th, 2007, 04:51 AM   #3186
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Yay^
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Old September 12th, 2007, 05:01 AM   #3187
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I guess the topmost penthouse can easily be put into market for a bid of $100 million start. The most expensive house in the market right now is in Beverly Hills for $165 million (it may change because another house is being put for $200 million also in Beverly Hills). So I expect someone will put a final bid of $160 - 180 million.
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Old September 12th, 2007, 05:08 AM   #3188
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Thanks Retrograde! Top pics!

...

Last edited by Muse; September 12th, 2007 at 05:24 AM.
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Old September 13th, 2007, 06:00 AM   #3189
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Quote:
Originally Posted by Retrograde View Post
September 11, 2007



Just look how the construction goes. I could not find any patch of the river in the river at all.
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Old September 13th, 2007, 06:15 AM   #3190
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Quote:
Originally Posted by Gaeus View Post
I guess the topmost penthouse can easily be put into market for a bid of $100 million start. The most expensive house in the market right now is in Beverly Hills for $165 million (it may change because another house is being put for $200 million also in Beverly Hills). So I expect someone will put a final bid of $160 - 180 million.
But those houses are on the market a VERY VERY VERY long time...if they ever even sell at all. The reason: People with that much money will build what they want and where they want instead of buying someone else's trash lol. Also, who knows where the real estate market will be in that time. It could be at the bottom of its slump (keeping in mind real estate seems go in 7-10 yr trends and were only approx. year 2 of the downward part).
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Old September 13th, 2007, 06:18 AM   #3191
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Quote:
Originally Posted by Chicagophotoshop View Post
I agree with this. HEY RICH PEOPLE, THIS IS THE HIGHEST POINT IN THE UNITED STATES FOR A LONG LONG TIME. buy it.
I see rich people.

*said in trance-like state*
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Old September 13th, 2007, 06:27 AM   #3192
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Quote:
Originally Posted by Joy Machine View Post
But those houses are on the market a VERY VERY VERY long time...if they ever even sell at all. The reason: People with that much money will build what they want and where they want instead of buying someone else's trash lol. Also, who knows where the real estate market will be in that time. It could be at the bottom of its slump (keeping in mind real estate seems go in 7-10 yr trends and were only approx. year 2 of the downward part).
Actually, thats only happening to the average or median homes. If you look closely to mega-luxury homes, they are not affected at all and the luxury house prices in Palm Beach, Malibu, Palm Springs, etc are still rising. And to make it real, this will be the highest residential unit in US. I am pretty sure they will buy it with that ridiculous price. But I maybe wrong so let's just wait.
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Old September 13th, 2007, 06:36 AM   #3193
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^$100 million is far too much though.

The most expensive house on the market in Chicagoland (and the Midwest I think) for the last few years was only $25 million, and that was a mansion with history and lots of prime land.
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Old September 13th, 2007, 08:17 AM   #3194
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Quote:
Originally Posted by SGMD1 View Post
The best apartments/flats barely sell for that in NYC and London. CS penthouses will be in the 6-8 mil range
Please discontinue reading this thread immediately. You are WAY too far behind to get caught up to speed.

Everyone seems very quick to denegrate Chicago when it comes to the amount of wealth this city has, and its level or desireability. Why is Chicago being considered in a different league than NY and London? I realize that both are still bigger, but Chicago isn't exactly lagging behind. Prices are not THAT different in these cities, and the differences become basically negligable when dealing with units as high end as this.
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Old September 13th, 2007, 04:07 PM   #3195
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Sept 13 - AM

View from above
[ full set - zoomable http://picasaweb.google.com/harry.r..../400NLSDCSHeli ]



Working a new caisson.


Ready to pull the top off another ( it is finished )


New arrivals - for the secant wall ?
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Old September 13th, 2007, 06:19 PM   #3196
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Does anyone know how many of the 14 large caissons have been completed now?
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Old September 13th, 2007, 06:21 PM   #3197
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Thanks for the pics Harry
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Old September 13th, 2007, 07:12 PM   #3198
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Quote:
Originally Posted by newstl2020 View Post
Please discontinue reading this thread immediately. You are WAY too far behind to get caught up to speed.

Everyone seems very quick to denegrate Chicago when it comes to the amount of wealth this city has, and its level or desireability. Why is Chicago being considered in a different league than NY and London? I realize that both are still bigger, but Chicago isn't exactly lagging behind. Prices are not THAT different in these cities, and the differences become basically negligable when dealing with units as high end as this.
Because they can't handle just being another city full of a**holes.

I love Chicago.
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Old September 13th, 2007, 08:25 PM   #3199
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Passed by this location.........Very awesome place for the SPIRE!! luv it!!
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Old September 14th, 2007, 01:40 AM   #3200
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Yes!

Good! There is progress on the site. Doesn't look like much, but it is still progress. I just hope it gets built before the Russia Tower.
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