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Old July 17th, 2008, 05:21 AM   #6761
Msradell
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Quote:
Originally Posted by ABQ_X-PAT View Post
The real estate market in the United States is in worse than dismal shape. Foreclosures continue in record numbers (up 53% in June alone), year over year sales down BIGTIME. Fannie Mae in big trouble as they were left holding the bag with funny paper from the banks foolish lending. One report I just read is the US real estate market could be on the hook for over 4 trillion dollars in losses. Good old fashioned greed is to blame for this debacle that is dragging the world economy down with it (that includes the bubble called Dubai --- NEVER trust a bubble!)...
....
So lets hope in the coming months we see the next phase of construction starting but we should not be surprised if this is put on hold.
Your statements are true for the single family residential market, not for the large scale commercial market. That section of the market is actually doing quite well in most American cities. Fannie Mae (and Freddie Mac) deal almost exclusively in single family residential mortgages so their problems will have little or no affect on this project.

This project is continuing as shown in Harry's pictures and will continue to do so.
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Old July 17th, 2008, 10:50 AM   #6762
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im gonna have to go with you. the ultra luxury market is not affected at all. i mean look at New York, Beverly Hills, Holmby Hills, the Hamptons, Malibu and so on and so on. all these markets are appreciating at 10% or more a year. just here in LA there are about 15 homes for sale ABOVE the 50 million dollar mark. theres a house in Malibu for $ 65 million, $52 million for a house in Pasadena, the old Hearst Mansion in Beverly Hills for $55 Million. i mean selling a $40 million penthouse on the TOP FLOOR OF THE TALLEST BUILDING IN THE UNITED STATES, should not be a problem. all it needs is time. because whether they buy today or next month, the freakin thing still needs to be built.
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Old July 17th, 2008, 06:43 PM   #6763
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new update vid online!

Hiya fans and friends,

its mid July so time for a new video update for the awesome Spire:

http://www.youtube.com/watch?v=OOD8xPpbo_Y

Special Credit to SolarWind

Music: Guru Josh Project - Infinity 2008
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Old July 17th, 2008, 07:11 PM   #6764
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The foundations for the Burj Dubai took much more than a year, have some patience with the spire guys. Not only are they building a 600 m tower, but it's surrounded by water. That takes some extra work to ensure this thing doesn't wash away or something. And as far as the financing, over 30% of the tower's units have already been sold, meaning the tower WILL be built.
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Old July 17th, 2008, 09:38 PM   #6765
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So the top down construction begun?, any evidence?

can someone draw diagram of that is done and what is left to do on the construction site from bird eye view?
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Old July 17th, 2008, 10:22 PM   #6766
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I see no evidence of top-down construction starting. The cap wall in Harry's pictures is very lightly reinforced, and looks like it might just be a means of securing the site and controlling erosion at the west property line. Those 8x8's look like they will be fence posts, for a nice fence along the townhouses.
Just my guess at what is going on...
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Old July 17th, 2008, 10:31 PM   #6767
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You know what, that's sounds too logical not to be true. It's only fair that they give the owners of those houses a tiny bit more room.
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Old July 17th, 2008, 10:59 PM   #6768
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Quote:
Originally Posted by DRH View Post
...Those 8x8's look like they will be fence posts, for a nice fence along the townhouses.......
I highly doubt they will use 8x8's for fence posts. I'd guess they're either for shoring during excavation or forming of some kind. The biggest timbers I've ever seen in a fence are 6x6 and in most cases they are only 4x6 or 4x4.
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Old July 18th, 2008, 12:39 AM   #6769
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Quote:
Originally Posted by AvanGard View Post
They can always switch to plan B

Plan B


ps. I also like this project, and think it is going to be one of Chicago most iconic buildings. (When it gets finished)
heheheh
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Old July 18th, 2008, 01:03 AM   #6770
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replies:5,561 view:1,721,091

and still only a hole in the ground.
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Old July 18th, 2008, 01:08 AM   #6771
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and still only a hole in the ground.
That shows just how significant a project this one is. Few projects in the world could garner this much interest.
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Old July 18th, 2008, 01:26 AM   #6772
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Quote:
Originally Posted by Msradell View Post
I highly doubt they will use 8x8's for fence posts. I'd guess they're either for shoring during excavation or forming of some kind. The biggest timbers I've ever seen in a fence are 6x6 and in most cases they are only 4x6 or 4x4.
A big building deserves big fence posts.
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Old July 18th, 2008, 01:29 AM   #6773
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Make no mistake - This beast will rise!! By the end of the year, there will be MANY changes on this site!!

Its incredible it has moved along at the speed it has - In America, there are some pretty substanstial hurdles that have to be cleared to construct a tower of this magnitude!! When they were cleaning up ground zero, no one would have even imagined that this would be proposed - let alone the fact that its going to begin rising before the end of this year I would say. This is going to be a FAST growing tower; I just wish I could visit it when its done - maybe I can make friends with somebody who bought a unit.

Things are just starting to get interesting!! And the fact that Chicago is only 1300 miles away (roughly) from Los Angeles, it will be much easier to see this in the middle of construction, then travel around the globe to catch a glimpse of the Burj Dubai.
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Old July 18th, 2008, 01:29 AM   #6774
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this building has pendulum by any chance?
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Old July 18th, 2008, 01:32 AM   #6775
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no, there's no need for Mech dampers. it's shape reduces the sway on the tower
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Old July 18th, 2008, 04:44 AM   #6776
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Cap Wall

The "cap wall" is not a small thing, and it is not for erosion control. The jumbo fence posts ......

From last month at OMPW.

Quote:
Top Down
Header on top of secant wall
3

4

5

Remains of guide wall for secant wall drilling
6

Secant wall uncovered
7



Secant to header ( note forms for floor which will provide lateral support )
8

9

10
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Old July 18th, 2008, 10:16 AM   #6777
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Quote:
Originally Posted by ArchiTennis View Post
replies:5,561 view:1,721,091

and still only a hole in the ground.
AH! But what a hole in the ground!
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Old July 18th, 2008, 11:47 AM   #6778
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Quote:
Originally Posted by ZZ-II View Post
Did you ever heard something from Foundations??

lol, that comment makes no sense in English.

but i'll try to understand it. all i said was, i'm just wondering when this particular foundation will be finished. because they're taking a really long time.
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Last edited by south; July 18th, 2008 at 12:16 PM.
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Old July 18th, 2008, 12:25 PM   #6779
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Quote:
Originally Posted by phillybud View Post
AH! But what a hole in the ground!
The best hole, i say!
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Old July 18th, 2008, 04:06 PM   #6780
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July 18 - AM

From above



higer res
2007 series
2008 Q1 series
2008 Q2 series
2008 Q3 series

Materials arriving



Cap wall != header beam, not really sure what they are up to here. Soil retention for excavation - using a nice concrete wall instead of pounding/vibrating in sheet pile next to the town homes maybe.
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