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Old March 14th, 2008, 09:08 PM   #5481
ChgoLvr83
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Mini-update from SSP:

Quote:
Originally Posted by chicagopride View Post
long time reader but this is my first post.

I attended the New York launch two days ago at the Pratt House here in NYC. Calatrava was there as well as Kelleher. Spoke with both of them for a bit, seemed like solid dudes, especially Kelleher.

No pictures, but the highlights:
*Calatrava said they sold around 20 units in less than 2 hours during the Singapore event
*Sales rep said it would probably take at least a year before getting to the fifth floor
*Calatrava drew some incredible sketches which were projected live onto flat panels all over the room
*The foot/bike bridge is still being worked out but was not included in the model

Being a proud Chicagoan living and working in NYC, I was pleasantly surprised by how many people showed up for the event. Based on the solid turn out and the caliber of these people (wealth all over the place) I have no doubt this building gets sold out.


Im quite pleased to see that they still have the pedestrian bridge on the table. Its one of my favorite parts of the entire project. Here's to hoping that everything works out. And those are impressive sales numbers from Singapore.
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Old March 15th, 2008, 06:53 AM   #5482
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You promised "more pictures later" Harry!
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Old March 15th, 2008, 07:42 AM   #5483
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March 14 - AM 2

Slurry wall digger is back (maybee it never left )


Busy site - second truck full of caisson sleeves.






Cages for the sleeves


First truck being unloaded


Tools for putting the sleeves in ( and belling out the bottom )


A sleeve in a top (?)


Sunrise


Grinders by the core


12' dia top with auger bit


Misc drill parts




x
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Old March 15th, 2008, 03:15 PM   #5484
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Quote:
Originally Posted by andydie View Post
Hiya guys,

the newest update vid for the Spire is online 4 u all 2 enjoy!

http://de.youtube.com/watch?v=vraJByqg2pE

Music: Klaas - The Way (Original Mix)
Cheers Buddy. Appreciate the consistency and passion
P.S Love the choice of music too
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Old March 15th, 2008, 03:23 PM   #5485
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Wow, it's still a hole!
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Old March 15th, 2008, 03:37 PM   #5486
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March 14 - AM 3

These look like platforms to lower/raise a pipe - maybee for channeling the concrete in top down construction ?









The makings of some HUGE frame




The buissiness end of a caisson top ( 12' dia )







Auger


Can
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Old March 15th, 2008, 04:27 PM   #5487
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"The Chicago Spire Launch in Singapore Proves Big Hit with Investors"

the scary part of that to me:

do investors in Sinagpore and elsewhere abroad think America is about to have a fire sale?

Personally I'd feel a lot more comfortable if the fate of the Chicago economy was based more on Chicago and less on the United States.

I know this is not a political forum, but there is a relevance here to questioning of how the huge numbers of units in this building are going to be sold in America's turbulant economic waters that we have just entered and where the waves are going to get much bigger. That is, unless we expect the vast majority of these condos to be sold to people overseas.

It's not like our economy is heading in the same direction as this soon-to-be-rising tower is goiong.
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Old March 15th, 2008, 10:59 PM   #5488
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Kelleher to sell half of former justice building in €165m deal
By Joe Brennan
Saturday March 15 2008

"It is not known how much cash the developer is taking off the table. He is currently fundraising for the 150-storey Chicago Spire that is planning to build on the shores of Lake Michigan at a cost of about $2bn (€1.3bn). It will be the tallest residential building in world when it is completed in 2010 and has drawn the ire of rival developer Donald Trump, who is trying to sell hotel-condo units in a rival skyscraper currently under construction."

http://www.independent.ie/business/i...l-1318360.html
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Old March 15th, 2008, 11:01 PM   #5489
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Kelleher to sell half of former justice building in €165m deal
By Joe Brennan
Saturday March 15 2008

"It is not known how much cash the developer is taking off the table. He is currently fundraising for the 150-storey Chicago Spire that is planning to build on the shores of Lake Michigan at a cost of about $2bn (€1.3bn). It will be the tallest residential building in world when it is completed in 2010 and has drawn the ire of rival developer Donald Trump, who is trying to sell hotel-condo units in a rival skyscraper currently under construction."

http://www.independent.ie/business/i...l-1318360.html
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Old March 16th, 2008, 03:50 AM   #5490
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From The Sunday TimesMarch 16, 2008

America: the top property hotspots for investors
Buyers just have to work out when prices will stop falling - and where the hotsopts are


The American sub-prime mortgage crisis that started in the trailer parks of the poorer parts of the country is starting to spread to the middle classes. Property prices are plunging and repossessions are on the rise. According to the National Association of Realtors (Nar), America’s largest trade body, sales slipped 2.2% in December and 22% against the same period in 2006. And last month the Case-Schiller house price index revealed prices in December fell by 8.1% year on year, with an overall 8.5% decline in 2007. So even with the weak dollar, as America faces a downturn, is it a good time to buy?

Yes, according to Sean Conlon (www.conlonandco.ie), an Irishman who runs a billion-dollar property empire in Chicago. “The current downturn and repricing going on in the American economy is providing potentially the biggest real-estate buying opportunity I have seen in 20 years,” he told a conference in January. “It is the perfect storm.”

Where the investors are heading

Chicago: Building is already underway on the Spire, set to be the tallest residential skyscraper in the world. The 150-storey tower will rise 7,000ft over Lake Michigan and its iconic status and prime prices — starting at £385,000 and going up to £20m for its penthouse — mean that Shelbourne Development, the Dublin-based developers behind the project, believe prices will stay up.

“Not only is Chicago the birthplace of the skyscraper, it is the fourth-largest economy in the world,” says Dominic Grace, head of new homes at Savills, which is marketing the Spire (Savills; 020 7409 9998, www.thechicagospire.com). Elsewhere, building is underway at the Trump Tower on the Near North Side, which will feature a £4m penthouse. Prices for XO Condominiums will start at £110,000 for a one-bedder rising to £1m for a three-bed penthouse, through Winkworth (020 7691 4269, www.winkworth.co.uk).
http://property.timesonline.co.uk/to...cle3540761.ece
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Old March 16th, 2008, 03:53 AM   #5491
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From The Sunday TimesMarch 16, 2008

America: the top property hotspots for investors
Buyers just have to work out when prices will stop falling - and where the hotsopts are


The American sub-prime mortgage crisis that started in the trailer parks of the poorer parts of the country is starting to spread to the middle classes. Property prices are plunging and repossessions are on the rise. According to the National Association of Realtors (Nar), America’s largest trade body, sales slipped 2.2% in December and 22% against the same period in 2006. And last month the Case-Schiller house price index revealed prices in December fell by 8.1% year on year, with an overall 8.5% decline in 2007. So even with the weak dollar, as America faces a downturn, is it a good time to buy?

Yes, according to Sean Conlon (www.conlonandco.ie), an Irishman who runs a billion-dollar property empire in Chicago. “The current downturn and repricing going on in the American economy is providing potentially the biggest real-estate buying opportunity I have seen in 20 years,” he told a conference in January. “It is the perfect storm.”

Where the investors are heading

Chicago: Building is already underway on the Spire, set to be the tallest residential skyscraper in the world. The 150-storey tower will rise 7,000ft over Lake Michigan and its iconic status and prime prices — starting at £385,000 and going up to £20m for its penthouse — mean that Shelbourne Development, the Dublin-based developers behind the project, believe prices will stay up.

“Not only is Chicago the birthplace of the skyscraper, it is the fourth-largest economy in the world,” says Dominic Grace, head of new homes at Savills, which is marketing the Spire (Savills; 020 7409 9998, www.thechicagospire.com). Elsewhere, building is underway at the Trump Tower on the Near North Side, which will feature a £4m penthouse. Prices for XO Condominiums will start at £110,000 for a one-bedder rising to £1m for a three-bed penthouse, through Winkworth (020 7691 4269, www.winkworth.co.uk).
http://property.timesonline.co.uk/to...cle3540761.ece
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Old March 16th, 2008, 03:56 AM   #5492
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that article says it will be 7000ft high
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Old March 16th, 2008, 04:50 AM   #5493
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Quote:
Originally Posted by spotila View Post
that article says it will be 7000ft high
and the times are meant to be a well respected british news paper. At least it wasn't my local newspaper, they would have said it was going to 7 miles high.
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Old March 16th, 2008, 07:47 AM   #5494
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Quote:
Originally Posted by spotila View Post
that article says it will be 7000ft high
perhape's the know something we dont. The WTB is finally coming back to america!!!!!!!!!!!!!!!!!
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Old March 16th, 2008, 09:17 AM   #5495
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Singapore Sales Launch

"Savills could not disclose official sale figures, but sources said about 30 units were sold, mostly one- and two-bedroom flats that averaged US$1 million (S$1.38 million) each"
http://propxprez.blogspot.com/2008/0...ocking-to.html
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Old March 16th, 2008, 09:20 AM   #5496
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Singapore Sales Launch

"Savills could not disclose official sale figures, but sources said about 30 units were sold, mostly one- and two-bedroom flats that averaged US$1 million (S$1.38 million) each"
http://propxprez.blogspot.com/2008/0...ocking-to.html
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Old March 16th, 2008, 03:30 PM   #5497
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30 is just so few, considering that the capacity must be close to 1000 homes.
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Old March 17th, 2008, 12:07 PM   #5498
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Quote:
Originally Posted by Eric Offereins View Post
30 is just so few, considering that the capacity must be close to 1000 homes.
Yeah, but thats only in a couple of hours.
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Old March 17th, 2008, 12:28 PM   #5499
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Quote:
Originally Posted by TroyBoy View Post
Yeah, but thats only in a couple of hours.
...at a sales promotion in Singapore.
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Old March 17th, 2008, 01:18 PM   #5500
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March 16th by tpernikliyska:

image hosted on flickr
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