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Old June 1st, 2008, 03:28 AM   #6281
cbotnyse
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Quote:
Originally Posted by vancouverite/to'er View Post
Will this have underground parking? (Plz say yes)
yes, 7 stories below ground. And construction of that should start soon.
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Old June 1st, 2008, 03:34 AM   #6282
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Quote:
Originally Posted by lowey View Post
whats with the big hole
It's for you to crap in. Let me know if it needs to be deeper.

I wonder if any existing CTA bus route will be extended down this way toward DuSable Park, or would that be pointless?
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Old June 1st, 2008, 04:29 AM   #6283
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**** didnt expect the ******* smart arse response
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Old June 1st, 2008, 05:15 AM   #6284
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Quote:
Originally Posted by lowey View Post
**** didnt expect the ******* smart arse response
It fit the question!
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Old June 1st, 2008, 06:48 AM   #6285
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Saturday May 31, 2008

Aspiring for a slice of China’s cake

SHANGHAI BUND
By CHOW HOW BAN


Chicago Spire, with high-end out-of-the-world residential units, taps the nature of Chinese people to buy properties.

A 150-STOREY skyscraper with high-end out-of-the-world residential units in Chicago – that’s what Shelbourne Development Group is selling to the Chinese.

Following a week of promotions in the city, often regarded as the window to China, Shelbourne Development Group is confident of getting some buyers from this booming nation, which already has one representative in Forbes’ top 150 billionaires list.

The Irish developer has also taken the project, with its unique spiral architecture, to such places as Kuala Lumpur, Hong Kong, Singapore and Beijing.

The 1,194 units, priced from US$750,000 to US$40mil (RM2.43mil to RM129.69mil), offer different views of the Chicago skyline.

Designed by Spanish architect Santiago Calatrava, the 610m-tall Chicago Spire will be the world’s second tallest building and the world’s tallest residential architecture when completed in 2011.

“It’s the nature of Chinese people to buy properties,” said Savills Shanghai managing director Albert Lau. Savills is the real estate agent appointed by Shelbourne Development Group to market the property in China.

“We have property developments in Ireland, France, Belgium and the United States. We don’t have the great aspiration to build the Spire in every city around the world because it’s really about the size we managed to get – very unique size in an important city,” said Shelbourne International president Ivan Bowen Murphy.

“It’s probably a once in a lifetime opportunity to build something like this. We are certainly looking at every opportunity in other parts of the world (to develop another iconic building), but not at this time.”

Murphy said Shelbourne was comfortable with the pricing of the property outside the United States, adding that the Chinese would be able to accept the fact that the development in the prime location of Chicago would be a good long-term investment.

“We created the pricing of the property in conjunction with the input from our international and local agents in Chicago. There has never been a product of this high quality and design in Chicago before, and this has made it difficult for us to set the prices,” he said.

“You don’t know until you start; whether people will pay more or pay less. We’re satisfied that there has been no pressure on our prices. People have been happy to pay the prices we set and we are confident that we have hit the right level.”

Local Chinese and foreigners living in Shanghai certainly have greater buying power. Over the years, the metropolis has topped other Chinese cities with a per capita wage of 29,569 yuan (RM13,749).

Foreigners, about 40,000 out of the total population of 18 million, are employed as professionals in such fields as management, engineering and accounting. They either rent expensive apartments or live in their own homes in the city.

Not only have more foreign companies set up regional offices in Shanghai but many more Chinese companies have also established a base in the city to reach out to the world.

With the setting up of more foreign and foreign-funded companies, Chinese employees attached to them have moved up the ranks and can now afford luxury goods, houses, cars and a better lifestyle.

The success of various international events held in the city has shown that the population of Shanghai has become more affluent.

The 5th World Travel Fair, held from March 27-30, was yet another astounding success, with a record participation of traders from all over the world. Over 3.2 million yuan (RM1.49mil) in sales of outbound tour packages and other related tourism products was recorded in 2007.

Luxurious events like The Fair (formerly known as Millionaire Fair) and Asia Luxury Travel Market (ALTM) will make a return to Shanghai for the third time this October, and for the second consecutive time in June, respectively.

“China is undergoing the greatest economic transformation in world history. With such tremendous changes, we are also witnessing significant growth in individual wealth of Chinese citizens,” the organiser of The Fair said.

“The number of high net worth individuals is increasing every day, and more want their newly-generated wealth to be properly taken care of.

“China today is the largest market in Asia for wealth management, providing numerous opportunities for professional wealth management organisations worldwide.”

ALTM founder Serge Dive said in a statement that the luxury travel sector was experiencing unprecedented growth, and there was no region with such exciting growth potential as the Asia Pacific.

“Outbound travel from Asia is forecast to grow at 7% a year until 2010. In China alone, visitor departures are expected to reach 43 million this year, and at least 100 million by 2020, according to the World Tourism Organisation.” he said.
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Old June 1st, 2008, 06:49 AM   #6286
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Saturday May 31, 2008

Aspiring for a slice of China’s cake

SHANGHAI BUND
By CHOW HOW BAN


Chicago Spire, with high-end out-of-the-world residential units, taps the nature of Chinese people to buy properties.

A 150-STOREY skyscraper with high-end out-of-the-world residential units in Chicago – that’s what Shelbourne Development Group is selling to the Chinese.

Following a week of promotions in the city, often regarded as the window to China, Shelbourne Development Group is confident of getting some buyers from this booming nation, which already has one representative in Forbes’ top 150 billionaires list.

The Irish developer has also taken the project, with its unique spiral architecture, to such places as Kuala Lumpur, Hong Kong, Singapore and Beijing.

The 1,194 units, priced from US$750,000 to US$40mil (RM2.43mil to RM129.69mil), offer different views of the Chicago skyline.

Designed by Spanish architect Santiago Calatrava, the 610m-tall Chicago Spire will be the world’s second tallest building and the world’s tallest residential architecture when completed in 2011.

“It’s the nature of Chinese people to buy properties,” said Savills Shanghai managing director Albert Lau. Savills is the real estate agent appointed by Shelbourne Development Group to market the property in China.

“We have property developments in Ireland, France, Belgium and the United States. We don’t have the great aspiration to build the Spire in every city around the world because it’s really about the size we managed to get – very unique size in an important city,” said Shelbourne International president Ivan Bowen Murphy.

“It’s probably a once in a lifetime opportunity to build something like this. We are certainly looking at every opportunity in other parts of the world (to develop another iconic building), but not at this time.”

Murphy said Shelbourne was comfortable with the pricing of the property outside the United States, adding that the Chinese would be able to accept the fact that the development in the prime location of Chicago would be a good long-term investment.

“We created the pricing of the property in conjunction with the input from our international and local agents in Chicago. There has never been a product of this high quality and design in Chicago before, and this has made it difficult for us to set the prices,” he said.

“You don’t know until you start; whether people will pay more or pay less. We’re satisfied that there has been no pressure on our prices. People have been happy to pay the prices we set and we are confident that we have hit the right level.”

Local Chinese and foreigners living in Shanghai certainly have greater buying power. Over the years, the metropolis has topped other Chinese cities with a per capita wage of 29,569 yuan (RM13,749).

Foreigners, about 40,000 out of the total population of 18 million, are employed as professionals in such fields as management, engineering and accounting. They either rent expensive apartments or live in their own homes in the city.

Not only have more foreign companies set up regional offices in Shanghai but many more Chinese companies have also established a base in the city to reach out to the world.

With the setting up of more foreign and foreign-funded companies, Chinese employees attached to them have moved up the ranks and can now afford luxury goods, houses, cars and a better lifestyle.

The success of various international events held in the city has shown that the population of Shanghai has become more affluent.

The 5th World Travel Fair, held from March 27-30, was yet another astounding success, with a record participation of traders from all over the world. Over 3.2 million yuan (RM1.49mil) in sales of outbound tour packages and other related tourism products was recorded in 2007.

Luxurious events like The Fair (formerly known as Millionaire Fair) and Asia Luxury Travel Market (ALTM) will make a return to Shanghai for the third time this October, and for the second consecutive time in June, respectively.

“China is undergoing the greatest economic transformation in world history. With such tremendous changes, we are also witnessing significant growth in individual wealth of Chinese citizens,” the organiser of The Fair said.

“The number of high net worth individuals is increasing every day, and more want their newly-generated wealth to be properly taken care of.

“China today is the largest market in Asia for wealth management, providing numerous opportunities for professional wealth management organisations worldwide.”

ALTM founder Serge Dive said in a statement that the luxury travel sector was experiencing unprecedented growth, and there was no region with such exciting growth potential as the Asia Pacific.

“Outbound travel from Asia is forecast to grow at 7% a year until 2010. In China alone, visitor departures are expected to reach 43 million this year, and at least 100 million by 2020, according to the World Tourism Organisation.” he said.
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Visit the official website for the Chicago Spire:
http://www.thechicagospire.com
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Old June 1st, 2008, 07:00 AM   #6287
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Quote:
Originally Posted by lowey View Post
**** didnt expect the ******* smart arse response
What did you expect? A present for saying something so smart? As soon as I saw your question I wished you would fall in that hole, maybe pushed by somebody sparta-style. Ah, what a beautiful dream.....


As for the renders, they are way out of proportion (maybe not even too much though). But they are beautiful non the less.
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Old June 1st, 2008, 08:38 AM   #6288
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Why did you people shit on the person, who ask what the hole was. If they don't know what it is then they don't know what it is. The point of this thread is to help people learn the progress which skyscrapers go through, from top to bottom. So let get off our high horse and help this guy out. Or we can keep being asses which ever works best for you lol. And that render looks way off, CS should be much much bigger.
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Old June 1st, 2008, 10:17 AM   #6289
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somebody should tell them, that they are building it in the wrong direction
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Old June 1st, 2008, 12:43 PM   #6290
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wrong direction??
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Old June 1st, 2008, 12:56 PM   #6291
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Quote:
Originally Posted by ZZ-II View Post
wrong direction??
He means the hole probably. They are going undergroud.
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Old June 1st, 2008, 03:35 PM   #6292
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Big hole - What is it for

A quick review
From UberAlles in March

Best guess is that they have reached the top of the mat and are in the process of excavating down to the top of the caissons. The hole is wider than the core, as wide as the mat.

This is an updated version of my diagram, showing the holes edge ( the sheet pile ) and the outer secant/slurry wall. I think the garage may go deeper now.


At OMP the secant wall was not excavated down to, but had a heavy wall/beam build on top of it, not sure if the park will be above the existing grade ( like Streeterville ).
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Last edited by harryc; June 1st, 2008 at 03:42 PM.
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Old June 1st, 2008, 03:57 PM   #6293
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On the second photo, is the depth numbered in ft right?
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Old June 1st, 2008, 04:11 PM   #6294
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Quote:
Originally Posted by buildmilehightower View Post
On the second photo, is the depth numbered in ft right?
Yes
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Old June 1st, 2008, 04:16 PM   #6295
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Quote:
Originally Posted by lowey View Post
whats with the big hole
Yeah.... And what's with all those buildings on this forum?

Gosh Lowey... That one will follow you to your grave. Or should I say 'hole'?
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Old June 1st, 2008, 04:21 PM   #6296
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So, as I understand it, according to the first photo the orange bit is the current hole and therefore later on they're digging hole around the current hole for car parking. (the area around has to get ready to get really squeezed.

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Old June 1st, 2008, 05:12 PM   #6297
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Quote:
Originally Posted by theworldshallcry View Post
I wonder if any existing CTA bus route will be extended down this way toward DuSable Park, or would that be pointless?
2, 29, 65, 66, and 124 all pass within a block of the Chicago Spire.

The 157 is three blocks away.
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Old June 1st, 2008, 07:15 PM   #6298
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May 30 - set 2

Neighbors - just before a storm.




Only 4 more big ones to go ! ( unless another load is delivered - but I don't think any more are required ).




The "chisel" - dropped down the shaft to break up rocks at the bottom.


Budron keeping out of the way.


Stock of caisson sleeves dwindling


Ready to start back up where they left off the day before ( the photos are from 7am ).





.
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Old June 1st, 2008, 07:25 PM   #6299
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what are those H-beam for ?

Another question : the slurry wall is going to be the border of the underground parking right ?

What is a secant wall ?


Thank you.
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Old June 1st, 2008, 07:28 PM   #6300
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Fantastic! Will it become the new symbol of Chicago?
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