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Old July 31st, 2009, 11:27 PM   #8801
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July 30

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Old August 1st, 2009, 12:16 AM   #8802
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Is that black skyscraper not the one of Mies van der Rohe?
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Old August 1st, 2009, 12:21 AM   #8803
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The Architects of the Lake Point tower are John Heinrich and George Schipporeit...two pupils from Mies van der Rohe.
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Old August 1st, 2009, 12:26 PM   #8804
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I hope this can weather the economic storm and get built. Maybe if gas prices continue to go up it will spur a mass migration to the urban core of cities.
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Old August 1st, 2009, 12:39 PM   #8805
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The Architects of the Lake Point tower are John Heinrich and George Schipporeit...two pupils from Mies van der Rohe.
Okay thanks. I knew it had something to do with Mies.
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Old August 2nd, 2009, 04:31 AM   #8806
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I'm a big fan of this project, my hope is still alive
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Old August 2nd, 2009, 10:47 PM   #8807
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havent been at SSC in a long time.


and loooooooooooolz this thing is still on hold?? lmfao.
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Old August 2nd, 2009, 10:56 PM   #8808
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Look at the bright side: It might be useful for a garbage dump
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Old August 3rd, 2009, 08:56 PM   #8809
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Quote:
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havent been at SSC in a long time.


and loooooooooooolz this thing is still on hold?? lmfao.
Why comment? The Shanghai World Financial Center was on hold for a decade...if the Spire is cancelled they will come out and say it.
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Old August 6th, 2009, 09:16 PM   #8810
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Aug 6th

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Old August 7th, 2009, 09:05 AM   #8811
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The top of the trailer is getting rustier!! It's been about a year since construction stopped, right?
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Old August 8th, 2009, 12:17 AM   #8812
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I think so.
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Old August 8th, 2009, 11:38 PM   #8813
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Keep the Faith

Like it was mentioned earlier ,The SWFC was delayed. I was looking foreward to visiting the Windy City last Summer looking foreward to the progress,even though we did'nt end up going anyway.. Once the economy picks up,and it will,things should get moving.
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Old August 9th, 2009, 12:06 AM   #8814
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Like Onn said, if they cancel the tower they surely will bring it out in some newspaper.

I still got some hope left.
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Old August 9th, 2009, 09:44 PM   #8815
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C'mon Chicago Spire, you can do it!!!!!! Don't get added to the long list of skyscrapers that I wish Chicago built!
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Old August 13th, 2009, 10:46 PM   #8816
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Old August 14th, 2009, 08:29 AM   #8817
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Looking less and less likely....

Bank of America Sues Developer of Chicago Spire Tower

By Andrew Harris

Aug. 13 (Bloomberg) -- Bank of America Corp. sued Shelbourne Development Group Inc., which started to build and then halted construction on the planned 150-floor Chicago Spire condominium tower, claiming the company has defaulted on a loan.

The Charlotte, North Carolina-based lender, in a lawsuit filed today at the U.S. District Court in Chicago, said it’s seeking $4.9 million in principal, interest and associated fees and expenses from Shelbourne and its chairman, Garrett Kelleher, who is said to have guaranteed the obligation.

Shelbourne failed to show Bank of America last year that it had obtained an irrevocable construction loan commitment from a lender or lending syndicate, leading the bank to declare a default, according to the complaint.

Located on the north side of the Chicago River close to where it meets Lake Michigan, the Spire was planned to be the tallest building in North America. The elongated spiral structure was designed by architect Santiago Calatrava.

The planned 2,000-foot (610-meter) building would contain 1,194 residences, making it the world’s tallest residential tower, according to a fact sheet issued by the developer.

Each floor of the twisting structure rotates 2.4 degrees, making a full 360-degree turn as it rises. Shelbourne had said it sold more than 30 percent of the apartments in the building.

Foundation in Place

Work on the project stopped late last year after the cylindrical foundation was dug and reinforced.

“It’s on hold,” the developer’s outside spokeswoman, Kim Metcalfe of Weber Shandwick, said in a phone interview. Shelbourne is “waiting for the economy to rebound” before proceeding, Metcalfe said.

Calatrava and the Chicago-based architectural firm Perkins & Will have each filed liens against the project to ensure payment, she said. Each of those claims, and the bank’s lawsuit “will be addressed in the order they were filed,” Metcalfe said.

Chicago is already home to the tallest building in North America, the Willis Tower. Formerly known as Sears Tower, the 110-story building was renamed last month after the London-based insurance broker Willis Group Holdings Ltd. agreed to lease more than 140,000 square feet of space on three floors.

The retailer now known as Sears Holdings Corp. moved into the building in 1973, remaining there for 19 years before relocating to suburban Hoffman Estates.

The case is Bank of America NA v. Shelbourne Development Group Inc. 09cv4963, in the Northern District of Illinois (Chicago).

To contact the reporter on this story: Andrew M. Harris at the federal court in Chicago: [email protected].

Last Updated: August 13, 2009 18:26 EDT

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Old August 14th, 2009, 12:20 PM   #8818
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Amazing building!
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Old August 14th, 2009, 12:33 PM   #8819
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Bank of America Sues Developer of Chicago Spire Tower

Bank of America Corp. sued Shelbourne Development Group Inc., which started to build and then halted construction on the planned 150-floor Chicago Spire condominium tower, claiming the company has defaulted on a loan.

The Charlotte, North Carolina-based lender, in a lawsuit filed today at the U.S. District Court in Chicago, said it’s seeking $4.9 million in principal, interest and associated fees and expenses from Shelbourne and its chairman, Garrett Kelleher, who is said to have guaranteed the obligation.

Shelbourne failed to show Bank of America last year that it had obtained an irrevocable construction loan commitment from a lender or lending syndicate, leading the bank to declare a default, according to the complaint.

Located on the north side of the Chicago River close to where it meets Lake Michigan, the Spire was planned to be the tallest building in North America. The elongated spiral structure was designed by architect Santiago Calatrava.

The planned 2,000-foot (610-meter) building would contain 1,194 residences, making it the world’s tallest residential tower, according to a fact sheet issued by the developer.

Each floor of the twisting structure rotates 2.4 degrees, making a full 360-degree turn as it rises. Shelbourne had said it sold more than 30 percent of the apartments in the building.

Foundation in Place

Work on the project stopped late last year after the cylindrical foundation was dug and reinforced.

“It’s on hold,” the developer’s outside spokeswoman, Kim Metcalfe of Weber Shandwick, said in a phone interview. Shelbourne is “waiting for the economy to rebound” before proceeding, Metcalfe said.

Calatrava and the Chicago-based architectural firm Perkins & Will have each filed liens against the project to ensure payment, she said. Each of those claims, and the bank’s lawsuit “will be addressed in the order they were filed,” Metcalfe said.

http://www.bloomberg.com/apps/news?p...d=ak8sOnk_SxXw
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Old August 14th, 2009, 09:07 PM   #8820
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Quote:
Originally Posted by webeagle12 View Post
Bank of America Sues Developer of Chicago Spire Tower

Bank of America Corp. sued Shelbourne Development Group Inc., which started to build and then halted construction on the planned 150-floor Chicago Spire condominium tower, claiming the company has defaulted on a loan.

The Charlotte, North Carolina-based lender, in a lawsuit filed today at the U.S. District Court in Chicago, said it’s seeking $4.9 million in principal, interest and associated fees and expenses from Shelbourne and its chairman, Garrett Kelleher, who is said to have guaranteed the obligation.

Shelbourne failed to show Bank of America last year that it had obtained an irrevocable construction loan commitment from a lender or lending syndicate, leading the bank to declare a default, according to the complaint.

Located on the north side of the Chicago River close to where it meets Lake Michigan, the Spire was planned to be the tallest building in North America. The elongated spiral structure was designed by architect Santiago Calatrava.

The planned 2,000-foot (610-meter) building would contain 1,194 residences, making it the world’s tallest residential tower, according to a fact sheet issued by the developer.

Each floor of the twisting structure rotates 2.4 degrees, making a full 360-degree turn as it rises. Shelbourne had said it sold more than 30 percent of the apartments in the building.

Foundation in Place

Work on the project stopped late last year after the cylindrical foundation was dug and reinforced.

“It’s on hold,” the developer’s outside spokeswoman, Kim Metcalfe of Weber Shandwick, said in a phone interview. Shelbourne is “waiting for the economy to rebound” before proceeding, Metcalfe said.

Calatrava and the Chicago-based architectural firm Perkins & Will have each filed liens against the project to ensure payment, she said. Each of those claims, and the bank’s lawsuit “will be addressed in the order they were filed,” Metcalfe said.

http://www.bloomberg.com/apps/news?p...d=ak8sOnk_SxXw
More good news than bad... At least the company is still dedicated. Hopefully this $4.9m action will be more of a kick in the ass to get things rolling again.
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