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The City
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^ Nice shots. I have a thing for canyonized rail ROW's, and this one looks like it's turning out that way.

I'm assuming that the DOT will remove the railings from the Roosevelt Bridge where it interfaces with Roosevelt Collection, right?
 

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There's no retail along Wells, just parking garage entrances.

And the stairs have been value-engineered so they're now little more than exit stairs. They will certainly not invite anyone to approach on foot from the north and climb up three flights to sneak in the back entrance by the cinema. They'll shout "go back home, you loser, until you're wealthy enough to drive here like a real Amurkin."
We have about 6000sf of retail along Wells Street.
 

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Hey Centrum,
Was contribution to the Wells Street Improvement as a contingency for approval and entitlement of the project? Any dollar amount and/or percentage of the total cost of WSI you wouldn't mind sharing?
Many years ago a TIF was approved to do the Wells Street work. I do not know how much the work costs - MQ is doing the work for CDOT.
 

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Thanks for the updates Centrum!

Besides Kerasotes, could you list some of the major tenants that have been locked in?

I am especially interested in the book store tenant.
I cannot release that information yet. I can tell you that we are getting great traction and will have a number of leases to announce soon.

We've also written 6 new resi contracts over the last three weeks.
 

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Pragmatist
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Forgive your forebears, for they knew not what they did.

it really isn't very forward thinking, is it? you don't build a community of this size without thinking more about its future environment than the present one.
And when Dearborn Park was planned in the 1970s, how could anyone have predicted what the South Loop would look like in the late 2000s?

Take some time to read plans and predictions from that era; very little of it had any prescience whatsoever. (And no, even though I work in the planning biz, I'm afraid to say that we probably haven't gotten much better at crystal-ball-gazing since then.) And even if City Hall actually did write binding, official City Plans, and the Central Area is the only part of town where it even pretends to do so, what were the chances that its ideas would come to fruition? Distributor subway, anyone?

In the 1970s, some people genuinely planned for River City to become an inwardly focused monster complex three times as big as Presidential Towers -- or half again as large as Robert Taylor Homes. (Note how wonderfully River City, as built, meets the street. And yes, the original plan would have used a Section 8 mortgage, which could have filled it with public housing tenants.) The demographic trends were perilous: the city's population dropped over 10% in the 1970s, with a net loss of 300,000 people (the population of Pittsburgh or Tampa!), all while the city's poverty rate increased 24%.

Hindsight is 20/20.
 

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no, we are on schedule and plan to open October 2009. Steel for the theater is going up as we speak.
I always thought that the theater was going to be on the very southern edge of the entire building structure, with the residential units on the west and east edges (which are on top of two floors of retail). I can't tell for sure, but looking at the steel for the theater today, it looks like the theater is going up on the west edge of the entire building structure???
 

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I always thought that the theater was going to be on the very southern edge of the entire building structure, with the residential units on the west and east edges (which are on top of two floors of retail). I can't tell for sure, but looking at the steel for the theater today, it looks like the theater is going up on the west edge of the entire building structure???
Theater is on the north side of the building on both the east and west sides. It sits on top of the first retail level.
 

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Urbane observer
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Centrum, I'm curious why the theater is being framed in steel rather than concrete like the rest of the center. It seems like concrete would have fewer problems with sound transmission.
 

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The City
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Sorry if this question has been asked before, but has there been any thought about building over the Metra tracks? It just seems like a great opportunity to make use of what could end up being unused air rights
 

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I notice that Roosevelt Collection's retail floors are cantilevered out toward the tracks about three feet further than the parking levels. I suppose it's possible that Metra agreed to accept a narrow maintenance easement extending beyond the tracks up to +25 feet only, but that's very unlike Metra.

Originally, Metra's interest was a "relocatable easement," which raised hopes that the tracks could be moved to allow easier development both here and on the Riverside Park tract. But the Riverside Park PD and the 2003 LaSalle Park amendments changed that, giving Metra ownership of the current track ROW.

Anyway, these three tracks are small potatoes for development. I'd love to see something over the Amtrak/Metra yards between the river and Canal. An Olympic stadium, for example.
 

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Sorry if this question has been asked before, but has there been any thought about building over the Metra tracks? It just seems like a great opportunity to make use of what could end up being unused air rights
No thought was given. If Centrum had owned all the land between clark and the metra we might have though about this, but w/out that land there was no reason to bridge over.
 
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