daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > General Urban Developments > DN Archives



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old July 24th, 2009, 06:38 PM   #1
i_am_hydrogen
muted
 
Join Date: Dec 2004
Location: Chicago
Posts: 7,080
Likes (Received): 203

CHICAGO | 400 West Randolph | ~700 ft | 50 fl | Cancelled

Height: ~213m/700ft
Floor count: 50
Location: West Randolph and North Riverside Plaza
Construction end:
Architect: Lucien LaGrange Architects
Developer: Prime Group, Inc.





1.2 msf office tower, 20,000 sf retail, riverwalk

Reschke brings on team to lease tower

By Andrew Schroedter, Feb. 14, 2008


(Crain’s) — Prime Group Inc. has tapped veteran landlord reps Nancy Fendley and James Philbin to market a Lucien Lagrange-designed office tower planned for the West Loop.

Their hiring marks the beginning of the Chicago-based Prime Group's push to land a big-name tenant at the proposed 50-story high-rise at 400 W. Randolph St.

The 1.25-million-square-foot steel and glass tower, scheduled to be completed in 2011, could rank as one of the top "trophy buildings in the city," said Michael Reschke, Prime Group's chairman and CEO.....

Continue reading at: http://www.chicagorealestatedaily.co...ws.pl?id=28199

* * *

400 West Randolph
Prime is currently developing an office tower on
one of the last riverfront sites available in the
Chicago Central Business District. Plans include
1,200,000 RSF of Class A+ office space and
20,000 RSF of ground floor and riverwalk retail
space.

The office development project will be located
in the West Loop central business district of
downtown Chicago, located at 400 West
Randolph Street, across the street from Boeing
Corporation's global headquarters.

The building will be one of the most
technologically efficient office buildings in the City
of Chicago and is expected to receive LEED Gold
certification.

Building amenities will include a 325-car parking
garage with a car wash and car rental service,
conference facilities, executive health club, river
walk retail/restaurants, concierge, and outdoor
gardens and terraces.

The building will feature spectacular riverfront and
cityscape views in all directions.

http://www.primegroupinc.com/
__________________
flickrgallery

Last edited by i_am_hydrogen; July 24th, 2009 at 06:48 PM.
i_am_hydrogen no está en línea   Reply With Quote

Sponsored Links
Old July 24th, 2009, 06:49 PM   #2
dnobsemajdnob
Expert
 
dnobsemajdnob's Avatar
 
Join Date: Jan 2009
Posts: 546
Likes (Received): 54

It's lame. I'm surprised because LaGrange's work is usually nice.
dnobsemajdnob no está en línea   Reply With Quote
Old July 24th, 2009, 08:25 PM   #3
City of Rain
BANNED
 
Join Date: Jun 2009
Location: Bergen
Posts: 2,081
Likes (Received): 15

i like it. nothing spectacular, but a great tower nonetheless. it will only add to the awesomeness that is chicagos skyline.

bring it on, i say
City of Rain no está en línea   Reply With Quote
Old July 24th, 2009, 08:32 PM   #4
helghast
Registered User
 
helghast's Avatar
 
Join Date: Oct 2007
Location: Chicago
Posts: 2,374
Likes (Received): 147

exactly, it's noting special. but a good addition to the greatest skyline!
__________________
"If you put the empire state building on top of the Sears Tower then it's reasonable to say you'll be in the neighbourhood," Mr Baker says.
helghast no está en línea   Reply With Quote
Old August 19th, 2009, 09:38 AM   #5
Squiggles
Registered User
 
Squiggles's Avatar
 
Join Date: Aug 2007
Location: Madison
Posts: 728
Likes (Received): 22

Quote:
Originally Posted by helghast View Post
exactly, it's noting special. but a good addition to the greatest skyline!
I'm with you on that. It's not really something incredible, but it'll fit in nicely. There's nothing "wrong" with the design at all. I kind of like it, but the height fits the design very well.
Squiggles no está en línea   Reply With Quote
Old January 22nd, 2012, 07:19 AM   #6
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53450

The on-again off-again plans for 400 West Randolph are on once again.

Quote:
It’s official. A vacant downtown site that awaits the next construction boom has a new developer in charge.

John O’Donnell said he closed the deal in December for a nearly half-acre parcel at 400 W. Randolph, on the west bank of the Chicago River between Randolph and Lake. O’Donnell is a former executive of the John Buck Co. who is now putting together deals on his own.

The site is alongside Amtrak-owned railroad tracks that feed Union Station. O’Donnell would need an air rights agreement to build over the tracks. He said he’d like to put up an office building in the 40- to 50-story range, covering some 900,000 to 1.2 million square feet, similar to the Wacker Drive buildings Buck erected while O’Donnell worked there.

Don’t look for it to happen soon. O’Donnell said he’s betting the market will be ready for his building by 2016 or 2017.
------------------------------------------------------------------------------------------------------------------------------------------

Quote:
Ex-Buck exec pays $12.5 million for West Loop site

Mr. O'Donnell confirmed his plans to put an office building at the site but offered few other specifics with the purchase of adjacent parcels, as well as city approval for the project, still pending. Mr. Reschke had once planned a 50-story, 1.25-million-square-foot tower on the site, and Mr. O'Donnell's is expected to be of a similar scale.

To do so, the developer also will need to acquire an adjacent city-owned parcel and air rights from Amtrak, since a large building would jut out over the train tracks. Mr. O'Donnell, who retired as president and vice-chairman of the John Buck Co. in 2009, is one of several developers courting big anchor tenants for office sites and won't be able to secure a construction loan until he lands one.

“This isn't going to be a ‘Field of Dreams' scenario of ‘If you build it, they will come,' ” says Shawn Mobley, Chicago market leader for Cushman & Wakefield Inc., which seeks to boost its landlord leasing practice here. “I don't see any appetite for spec development. It will be predicated on the decisions of a half-dozen large tenants.”

Overall downtown office vacancy was 15.4%, down from 17.0% a year earlier, according to fourth-quarter statistics from the Chicago office of CBRE Inc. The West Loop was 14.5% vacant, down from 15.5% a year earlier.

Although much space still remains and tenants continue to secure favorable rents and concessions, large blocks of high-rise, Class A space have become relatively scarce, according to many brokers. “I think the market is tight for A-plus office buildings in the West Loop,” Mr. O'Donnell says.

Robert Chodos, a Colliers Inc. principal who represents tenants, says there are tenants in the market that collectively are looking for 7.5 million to 8 million square feet of space by 2017, about the time when a large office tower would reach the finish line. He anticipates a developer announcing a new building sometime in 2012. “I think one will go,” Mr. Chodos says. “That will unleash another one.”

[...]
Read more: http://www.chicagorealestatedaily.co...#ixzz2Y4KwTr7P
Stay up-to-date on Chicago real estate with our free, daily e-newsletter
--------------------------------------------------------------------------------------------------------
__________________
We are floating in space...

Last edited by desertpunk; July 4th, 2013 at 12:58 PM.
desertpunk no está en línea   Reply With Quote
Old July 4th, 2013, 12:59 PM   #7
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53450

Update ~

More than a year later, 400 W. Randolph is still mired in the approval process while various former developers deal with their own legal hassles from prior attempts to build at the site:

Quote:
Former Prime Group exec faces $8.5 million lawsuit

By: Ryan Ori June 12, 2013

A former Prime Group Inc. executive faces an $8.5 million lawsuit over debt involving riverfront land in the West Loop where another Chicago developer is trying to get a 1.2 million-square-foot office tower off the ground.

Chicago-based MB Financial Bank N.A. alleges David Trandel has failed to live up to a settlement agreement on $16.4 million in delinquent loans on the parcel at 400 W. Randolph St. and one in Texas.

John O'Donnell, a former John Buck Co. executive, acquired the West Loop site for $12.5 million in December 2011 and is trying to gain city approval to develop an office high-rise. The lawsuit does not affect Mr. O'Donnell's development.

[...]

At the West Loop site Mr. Trandel left behind, Mr. O'Donnell's plan has drawn positive reviews from brokers who represent office tenants. But he has yet to win the endorsement of Ald. Brendan Reilly (42nd), who has stated his preference for more public space along the Chicago River.

[...]
Read more: http://www.chicagorealestatedaily.co...#ixzz2Y4MJFl3c
Stay up-to-date on Chicago real estate with our free, daily e-newsletter
__________________
We are floating in space...

Kanto liked this post
desertpunk no está en línea   Reply With Quote
Old July 5th, 2013, 10:38 PM   #8
Eric Offereins
The only way is up
 
Eric Offereins's Avatar
 
Join Date: Jan 2004
Location: Rotterdam
Posts: 68,624
Likes (Received): 28178

Too bad it takes that long...
Eric Offereins no está en línea   Reply With Quote


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 08:58 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu