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Old June 2nd, 2009, 12:00 PM   #8681
dachacon
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Quote:
Originally Posted by Metalus View Post
There is no need for a 140 story residential luxury high rise in Chicago... The market was flooded well before the economy shit the bed. If there is a redesign in the works its going to be massively shortened.
after every flood is a drought, with a construction time line of three to four years it will come online when the economy is back up and running and the current supply bought. and considering chicago is a serious contender for the 2016 Olympics, every hotel will be booked to capacity, so any extra living space that can be rented out is a good thing since investors will be the primary buyers of these units to rent out rather than living in them themselves.

the article had the floor number wrong its 150 floors, not 140.
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Old June 4th, 2009, 07:28 PM   #8682
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If there is change, I strongly think it would lose floors, not design.
I don't think there's any intention to reduce the floors.
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Old June 4th, 2009, 10:10 PM   #8683
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there is a chance that this tower may not end being built at 150 floors.
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Old June 4th, 2009, 11:29 PM   #8684
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Originally Posted by buildmilehightower View Post
there is a chance that this tower may not end being built at 150 floors.
Doubt it, it's all or nothing. I doubt Shelbourne would do that to his Spire, he likes to think big.
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Old June 5th, 2009, 08:03 AM   #8685
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As I have mentioned before the unique design of the building, with it's spiral, means that every single floor is custom designed and thus if you start dropping floors you have to throw out the whole design. That means that all the design work up to now would be a complete waste and they would have to start the permit process completely over. Also, they would lose all existing sales and would have to start selling the building completely over again.

It is, therefore, cheaper and more practical to just keep it as it is.
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Old June 5th, 2009, 01:54 PM   #8686
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Is this thing going to get redesign or something, whats the hold up.
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Old June 5th, 2009, 02:29 PM   #8687
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Is this thing going to get redesign or something, whats the hold up.
Like everything else in the world this building is on hold because of lack of financing! The world's financial markets have collapsed and financing for major projects like this has evaporated.
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Old June 5th, 2009, 02:34 PM   #8688
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...

Last edited by Megalothian; June 5th, 2009 at 02:43 PM. Reason: comment could be regarded as a wind up as I was saying that actually there is money out there as London is doing ok!
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Old June 7th, 2009, 03:17 PM   #8689
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Like everything else in the world this building is on hold because of lack of financing! The world's financial markets have collapsed and financing for major projects like this has evaporated.
Though that's been the case let not also forget it depends on how much any rich individual is really willing to sacrifice on investing in such project. I have repeated said here that Watson or Trump can get involved in this lucrative building.It will get built within the time frame when the economy has properly recovered.By that time this building will not only be famous also inspiring in its aristic form.
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Old June 8th, 2009, 03:50 AM   #8690
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Though that's been the case let not also forget it depends on how much any rich individual is really willing to sacrifice on investing in such project. I have repeated said here that Watson or Trump can get involved in this lucrative building.It will get built within the time frame when the economy has properly recovered.By that time this building will not only be famous also inspiring in its aristic form.
I'm not sure about Watson but Trump is far from rich! He's very good at using smoke and mirrors to convince others to invest in his projects and his name carries some weight but he himself is not rich. One of his casinos in Atlantic City is bankrupt and several others he owns are not doing well. He has actually stopped construction on at least one of his signature buildings due to lack of financing (Dubai) and several others have experienced delays due to lack of financing for periods of time (Chicago and Las Vegas). In most buildings trumps is a minority shareholder at best, normally he just receives a fee for use of his name.
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Old June 8th, 2009, 06:04 PM   #8691
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That's a great insight about Trump. Let's hope something is done in time to rescue this project. Am still very optimistic about it(Just saying it!).
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Old June 9th, 2009, 07:30 AM   #8692
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Quote:
Originally Posted by Msradell View Post
I'm not sure about Watson but Trump is far from rich! He's very good at using smoke and mirrors to convince others to invest in his projects and his name carries some weight but he himself is not rich. One of his casinos in Atlantic City is bankrupt and several others he owns are not doing well. He has actually stopped construction on at least one of his signature buildings due to lack of financing (Dubai) and several others have experienced delays due to lack of financing for periods of time (Chicago and Las Vegas). In most buildings trumps is a minority shareholder at best, normally he just receives a fee for use of his name.
Why ppl want to pay him and name a tower after him then, when he is only a minority shareholder?
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Old June 9th, 2009, 02:56 PM   #8693
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Why ppl want to pay him and name a tower after him then, when he is only a minority shareholder?
Because the Trump name draws people in! It has a certain amount of prestige (don't ask me why) and the developers think more people will want to locate there if it has the Trump name on it.
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Old June 9th, 2009, 05:57 PM   #8694
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Let's say Trump is a good business man who can attract investors.That's ok for any business to grow.
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Old June 9th, 2009, 08:54 PM   #8695
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I agree with most that it'll be built like this or nothing will be build. They done some ground works and stuff, years of revision, checking whether it fits the skyline etc.

either way I think we wont be seeing any progress for quite some time.
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Old June 10th, 2009, 04:32 AM   #8696
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goh goh supatowa!

Seriously, this thing will come
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Old June 11th, 2009, 01:42 AM   #8697
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Quote:
Originally Posted by SilentStrike View Post
I agree with most that it'll be built like this or nothing will be build. They done some ground works and stuff, years of revision, checking whether it fits the skyline etc.

either way I think we wont be seeing any progress for quite some time.
I quite agree with you on that. The progress may not take long as we may think when the economy gets better.
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Old June 11th, 2009, 02:45 AM   #8698
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Old June 11th, 2009, 03:07 AM   #8699
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If this does end up being built it will be the worlds second tallest right?
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Old June 11th, 2009, 03:31 AM   #8700
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no it won't
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