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Old March 27th, 2014, 04:36 AM   #10061
Chicity747
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That might work. A top floor for the residents but could be groups or rented out. Something like the Gerkin in London has but without a full restaurant. An event venue sort of thing. Still wish they could fit a small 5 star hotel in there but that never was in the latest plan.

http://searcys.co.uk/venues/the-gher.../#.UzN4aMEo7mI

I think something like that would be a great idea, and they could probably charge an arm and a leg.
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Old March 27th, 2014, 01:13 PM   #10062
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If Related gain control of the site, do they get to build the tower themselves, ie are the architectural plans/submitted proposals come part-and-package with the plot of land?
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Old March 28th, 2014, 02:47 AM   #10063
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No! Related has a 2 tower plan for the site.
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Old March 28th, 2014, 09:12 PM   #10064
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I am positive that almost anyone on this forum as well as in US would love to see something that extraordinary as Spire to really happen. Point is from the get go I thought that the way they are going about this tower is a bit light. Like you have a hunch these guys were not serious enough about it. I can only hope that this time around they will rethink this project.

One way of doing it is by making it a mix use and add stores, restaurants and observation deck on top. that will add tremendous amount of value to it and make it much more possible to build. it will require some change in the design, but it is very doable.
Stores: Won't work. The Spire location suffers by simultaneously being too far off the beaten path, and too close to a plethora of shopping opportunities on Michigan Ave. Trump Tower is arguably a much better location for stores, yet (and correct me if I'm wrong) Trump has not leased a single shop. The entire retail space is completely vacant and boarded up like a Chinese shopping mall.

Restaraunts: Again, there are already too many restaraunts in the area. I believe the original Spire plan included a small private restaraunt for condo owners and their guests.

Observation deck: The problem is twofold. First there isn't enough space for a separate entrance and elevator to a public observation deck and the site is too isolated to deal with the constant tourist traffic. Second, the building is being sold as an exclusive luxury condo tower. Do the elites buying into this building want to deal with Joe and Jane Sixpack from Joplin Missouri entering their exclusive enclave, stinking up the joint?
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Old March 30th, 2014, 09:49 AM   #10065
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I agree. Just residential should have a good chance of succes here.
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Old March 31st, 2014, 01:36 AM   #10066
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They're doing up the park opposite, right? Throw in a Burger King and call the whole project 'mixed use'. Ha.
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Old March 31st, 2014, 05:28 PM   #10067
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Originally Posted by DFDalton View Post
... The entire retail space is completely vacant and boarded up like a Chinese shopping mall...

... Do the elites buying into this building want to deal with Joe and Jane Sixpack from Joplin Missouri entering their exclusive enclave, stinking up the joint?
LOL! This actually made me laugh.

I hope this thing gets built finally.
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Old March 31st, 2014, 06:08 PM   #10068
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They should just sign up to a crowdfunding site and post their link on all major skyscraper forums. Wouldn't pay for the whole thing, but with all the skyscraper nerds around I reckon they'd get a few million bucks.
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Old March 31st, 2014, 10:30 PM   #10069
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They should just sign up to a crowdfunding site and post their link on all major skyscraper forums. Wouldn't pay for the whole thing, but with all the skyscraper nerds around I reckon they'd get a few million bucks.
I'm sure they would actually, I'd even probably donate a little money but unfortunately it would still be small change compared to the total cost of everything.

Wishing you the best of luck Atlas/Kelleher!
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Old April 1st, 2014, 12:06 AM   #10070
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The absurdity of crowdsourcing a billion dollar skyscraper, a building designed by, and for, the super rich, is staggering. Next you'll be saying that car enthusiasts should buy Kanye West a new Ferrari just to see what shade of red it comes in.
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Old April 1st, 2014, 12:07 AM   #10071
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I have less and less hope in crowdfunding. Even most interesting space projects can't rise much more than one million. And we are talking about billions worth of private project here. IMO They couldn't even crowdfund cost of moving machines back on site
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Old April 1st, 2014, 06:40 AM   #10072
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No! Related has a 2 tower plan for the site.
No way that's an old design
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Old April 1st, 2014, 08:33 AM   #10073
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I'm sure related would put something pretty tall on the site but it would just pale in comparison with the spire, height and design wise, I hear they have a bad reputation.
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Old April 1st, 2014, 11:28 AM   #10074
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The absurdity of crowdsourcing a billion dollar skyscraper, a building designed by, and for, the super rich, is staggering. Next you'll be saying that car enthusiasts should buy Kanye West a new Ferrari just to see what shade of red it comes in.
This is not to fund the construction, the sums involved are too large. This is to increase its symbolic value, and thereby increasing the rate at which units can be sold. Think of very simple rewards such as engraving the names of contributors into the steel beams used in its construction. The contributors would tell their family, co-workers and friends about having contributed to the construction of the building, creating a vast network of people who either directly contributed or know someone personally who did. This is to give the tower a symbolic feel of being built with the heartblood of all Americans - an opportunity missed for 1WTC. The prestige of living in such a tower will be far greater than that of a "simple", anonymous building. It is one of many effective advertising and value-increasing techniques available in the internet age. You are more likely to attract the super-rich with a universally admired symbol.

Some people still have their brains in the 1980s and compare the marketing power of the internet with some rapper's cars. Small-minded people do not see the big picture of today.
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Old April 1st, 2014, 12:34 PM   #10075
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Is that supposed to be a response to me? Because it basically ignores everything I wrote.


-edit- Let me just add two things: 1. Having been in Chicago and spoken to locals as well as other tourists, I can tell you first hand that nobody gives a rat's rear about who occupies the big towers there. 2. If the Spire was designed primarily for its occupants, it would be some dreck like 432 PA.

Last edited by droneriot; April 1st, 2014 at 12:53 PM.
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Old April 1st, 2014, 01:15 PM   #10076
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I thought I have addressed your main argument of making crowdfunding an advertising campaign. Or didn't you read the whole thing? What advertising would it be if media would laugh at it and the campaign would collect only tiny fraction of the cost of the building? And does super reach really needs incentives like masses loving the building? Don't you think the spire being the tallest luxurious skyscraper in United States was and always will be the major factor for them? What do they care about people who engraved their names for a dollar? And since we are at that. You said people would be proud of contributing and I also responded to this. People don't care about this building. It won't even have observation deck. Sure tourists will come to Chicago to see "this tall twisting skyscraper", but you have to admit putting their money to build it is completely different thing. As I said it could work for 1wtc. But this tower will never be as symbolic as 1wtc. The latter was about US regaining power after 911. This one is about fancy living for 1% of the population. Apples and oranges really.
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Old April 1st, 2014, 01:36 PM   #10077
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Originally Posted by droneriot View Post
This is not to fund the construction, the sums involved are too large. This is to increase its symbolic value, and thereby increasing the rate at which units can be sold. Think of very simple rewards such as engraving the names of contributors into the steel beams used in its construction. The contributors would tell their family, co-workers and friends about having contributed to the construction of the building, creating a vast network of people who either directly contributed or know someone personally who did. This is to give the tower a symbolic feel of being built with the heartblood of all Americans - an opportunity missed for 1WTC. The prestige of living in such a tower will be far greater than that of a "simple", anonymous building. It is one of many effective advertising and value-increasing techniques available in the internet age. You are more likely to attract the super-rich with a universally admired symbol.

Some people still have their brains in the 1980s and compare the marketing power of the internet with some rapper's cars. Small-minded people do not see the big picture of today.
You sound like a Pharaoh trying to convince his slaves that they are as much a part of the pyramid complex as he is.

I'm not going to pay money out of my pocket to make the super rich feel a little bit happier with their ten million dollar apartment. Anyone who does is a hapless victim of the American class system.
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Old April 1st, 2014, 01:49 PM   #10078
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Actually I even think putting together crowdfunding and "10milion dollar apartment" would make it even harder at selling it. I mean you don't put 10% discount badge on new shiny Ferrari
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Old April 1st, 2014, 09:06 PM   #10079
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Actually I even think putting together crowdfunding and "10milion dollar apartment" would make it even harder at selling it. I mean you don't put 10% discount badge on new shiny Ferrari
It's an old idea, and they used to call it buying stock. They still end up with the money, and I don't have to feel like I'm a chump for financing the super rich. Shouldn't be so impossible.

If I could buy shares in this piece of art, I would certainly consider it, mostly to see it built. And I'm very poor, so it wouldn't be a significant contribution unless a lot of people joined me.
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Old April 1st, 2014, 11:05 PM   #10080
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But this is exactly what Kelleher is doing right now - looking for investors. You can always call them and ask if they want your money. But as does mr K I'm sure you understand it as well that few little contributions won't make any difference. That's why he's looking for big fishes out there who understands the market and potential profits this investment could produce. And I sure hope he success
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