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Old September 22nd, 2007, 10:54 AM   #3301
-Corey-
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I love CHicago too hehe (after NY and SD ofcourse)
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Old September 22nd, 2007, 11:11 AM   #3302
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Quote:
Originally Posted by JPmaverick View Post
No.

John Hancock is 1,127 feet (344 m) tall whereas Chicago Spire will be 2,000 feet (610 m) tall. The photo was taken north of the Loop and Gold Coast so any building closest to that point (such as John Hancock) appear taller than the buildings farther south.
Thanks! Almost 2 times John Hancock
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Old September 22nd, 2007, 11:26 AM   #3303
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Absolutely
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Old September 22nd, 2007, 05:15 PM   #3304
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I love CHicago too hehe (after NY and SD ofcourse)
Pffft....
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Old September 22nd, 2007, 05:47 PM   #3305
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Nice.
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Old September 22nd, 2007, 09:22 PM   #3306
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Quote:
Originally Posted by feworkr View Post
Anybody see this week's Crain's? 'Condo sales are being pushed back more than 3 months due to delay with regulatory filings required by the US government.' (What would you expect from a painting contractor?) There are 1,193 condos. They still haven't sold (sales been going on since 2004) all the 34 units at 50 E. Chestnut, now upwards of $3mil. It appears that the paperwork required is protect people 'when those units are sold more than 2 years before they are to be delivered'. If this Spire falls through (as I predicted a year ago) the 'foundation (caissons) now being built could be used for a smaller building'.
So what's your point Mr. Negative. That the building won't be built? Wrong.
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Old September 22nd, 2007, 09:48 PM   #3307
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Hey Cheeps,

Why don't you take an English class and correct your tagline?

"Chicago rules!" OR "Chicago does rule!"

If you're going to invoke our city's name, do it correctly....
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Old September 22nd, 2007, 10:18 PM   #3308
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There is a distinct difference between negativity and sad reality.

While I hope it happens, I'm still not convinced this project is going to be built in its current incarnation, or at the very least as a condominium building. Maybe as a rental that will be converted.

The truth is the condo market is dead right now and no matter how much the 5th floor of city hall needs the symbolism of this tower coupled to the Olympics bid, it is still Kelleher's money on the line....but I hope it happens.
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Old September 22nd, 2007, 10:31 PM   #3309
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Quote:
Originally Posted by Helmet Yawn View Post
There is a distinct difference between negativity and sad reality.

While I hope it happens, I'm still not convinced this project is going to be built in its current incarnation, or at the very least as a condominium building. Maybe as a rental that will be converted.

The truth is the condo market is dead right now and no matter how much the 5th floor of city hall needs the symbolism of this tower coupled to the Olympics bid, it is still Kelleher's money on the line....but I hope it happens.
I agree the condo market, along with all of housing is dead right now. But it will undoubtly turn around, it simply will not go down forever. I see this as a buy low opportunity. Furthermore, these condos will be marketed to the rich, or people who dont really care about the current interest rate environment.
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Old September 22nd, 2007, 11:33 PM   #3310
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A link to a Calatrava interview I got in an e-mail on wed.

http://www.thechicagospire.com/calatravainterview/

http://blab.thirdeyedesign.co.uk/bro...c2bebc966e3cf/

...
"Case Foundation Company, who were engaged in June to commence works, are delighted with progress so far. This sub-ground phase of development will be completed by Q1 2008."
...
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Old September 23rd, 2007, 05:09 AM   #3311
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September 21, 2007

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Old September 23rd, 2007, 05:10 AM   #3312
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Old September 23rd, 2007, 05:10 AM   #3313
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September 21, 2007







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Old September 23rd, 2007, 05:11 AM   #3314
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NICE to see progress!
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Old September 23rd, 2007, 05:11 AM   #3315
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September 21, 2007







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Old September 23rd, 2007, 06:37 AM   #3316
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Like Helmut says, I'm not negative, just realistic. Let me draw the analogy again: 50 E. Chestnut - 4 years - 34 units -$3mil. each - not sold out. (Last count I was privvy to - only 22 sold) Spire - 1193 units - $1.5 mil each avg. - how long to sell? 34 is to 1193 as 4 years is to - - - 140 years. Hope their sales staff is young!
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Old September 23rd, 2007, 06:43 AM   #3317
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Oops, I just realized the developer will only need to sell 1/2 of them to break even. So the 20 year old sales associate will see the halfway point when she's 90. I mentioned a long time ago: anything is possible with enough time and money - $3 billion and 8 years, is my estimate. The $$$ has already doubled, months ago, from $750 mil. to $1.5 bil. It ain't gonna get cheaper!
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Old September 23rd, 2007, 11:16 AM   #3318
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nice pics retrograde
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Old September 23rd, 2007, 01:52 PM   #3319
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what are the white things in the 3rd pic?
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Old September 23rd, 2007, 03:09 PM   #3320
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Quote:
Originally Posted by ZZ-II View Post
what are the white things in the 3rd pic?
giant toilet rolls!
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