http://www.lseforum.com/forum/Blah.pl? http://www.eblah.com en http://www.lseforum.com/forum/Blah.pl?m-1186412750/ http://www.lseforum.com/forum/Blah.pl?m-1186412750/#num1 LSE Market Center Site Preparation
Photo's Taken 8/6/07









]]> Mon, 6 Aug 2007 11:05:50 EarlyBuyer http://www.lseforum.com/forum/Blah.pl?m-1184889415/ http://www.lseforum.com/forum/Blah.pl?m-1184889415/#num1 Park Millennium garage sells for $25 million

(Crain's) - The 523-car parking garage in the Park Millennium residential tower has sold for $25 million to one of the largest owners of parking garages in Los Angeles.

L&R Group of Cos. beat out 11 other bidders for the six-level garage at 222 N. Columbus Drive, says John Gavin, an executive director with Cushman & Wakefield Inc., which brokered the sale.

"There's a scarcity value as these kinds of assets rarely change hands," Mr. Gavin says.

Los Angeles-based L&R, which recently entered the Chicago market when it bought a nearby surface parking lot, bought the Park Millennium garage from Chicago developers Centrum Properties Inc. and MCZ Development Corp.

Centrum and MCZ bought the 52-story tower that includes the garage for about $130 million in 2004, and then converted the 480 upscale apartments into condominiums. Calls to the two companies weren't returned.

The building was built in 2002 by Colorado-based Archstone-Smith Trust.

L&R, which controls more than 100,000 parking spaces in Los Angeles and has operations in 12 states and major cities including New York, Philadelphia and Seattle, is looking to buy more parking assets here.

"We really think that the Chicago market has a lot to offer," says L&R CEO David Damus. "There are great amenities in the city, and it's a place that continues to grow. We see a lot of cranes downtown."



]]> Thu, 19 Jul 2007 19:56:55 EarlyBuyer http://www.lseforum.com/forum/Blah.pl?m-1178758580/ http://www.lseforum.com/forum/Blah.pl?m-1178758580/#num1 Unique opening planned for Lakeshore East mixed-use building

BY SUSAN DIESENHOUSE
Published May 9, 2007


A $400-million, 76-story mixed-use tower is being planned for Lakeshore East by Magellan Development LLC.

The striking design by Miami-based Arquitectonica features a 20-story opening through the building's midsection. The tower, which will rise at 375 E. Wacker Dr., has two intersecting components programmed to house a five-star hotel with 224 suites, as many as 671 condominiums and six stories of underground parking.

The sale of condominiums, priced from $500,000 to about $3 million, will start in August. By mid-2008, construction will get under way. The first residents are expected to move in two years later, said Jim Loewenberg, co-chief executive of Magellan.

So far at Lakeshore East, seven buildings with about 2,500 residential units have been built or are in construction. In total, the developer might put up 16 major buildings with about 5,000 units, Loewenberg said.


]]> Wed, 9 May 2007 20:56:20 EarlyBuyer http://www.lseforum.com/forum/Blah.pl?m-1153925063/ http://www.lseforum.com/forum/Blah.pl?m-1153925063/#num1
Posted 7/26/06 by Alison Soltau

What's this? The Blue Cross-Blue Shield Tower at 300 E Randolph is about to become 24 stories taller. The extension has been in the pipeline since the 33-story building was completed in 1997, according to an article in Crain's Chicago Business. Yo was just admiring this building last night (see photo by Wayne Lorentz from the Chicago Architecture Web site) and wishing it would go partially condo, like that other office building, 55 E Monroe aka the Park Monroe, but apparently the building will stay strictly business. Interestingly, the architect behind the Park Monroe's transformation, Goettsch Partners, is also the architect for both the original Blue Cross building (well, James Goettsch, anyway) and its planned addition. No details on whether the addition will be more of the same or have a different look. No doubt the additions will block somebody's nice living room views.

http://yochicago.com/today/index.php/permalinks/2006/07/26/2344_2344
]]> Wed, 26 Jul 2006 10:44:23 William http://www.lseforum.com/forum/Blah.pl?m-1151206054/ http://www.lseforum.com/forum/Blah.pl?m-1151206054/#num1
By DON BABWIN
Associated Press Writer

In this city where the skyscraper was born, it is thriving like never before.

Luxury condominium towers and office buildings that climb 600 feet and more are sprouting up all over downtown. Along the Chicago River, the Trump International Hotel and Tower is inching its way up to a planned 92 stories.

Plans are in the works for a nearby 124-story skyscraper, the Fordham Spire, that would knock the Sears Tower from its perch as the tallest building in the United States.

Since 2000, no fewer than 40 buildings at least 50 stories high have been built, are under construction or are being planned. It's a surge in high-rise construction that hasn't been seen here since the 1960s and 1970s when the Sears Tower, John Hancock Center and other buildings helped give the city one of the most distinctive skylines in the world.

And while there is a flurry of high-rise construction elsewhere in the United States, particularly in New York, Miami and Las Vegas, the tallest of the tall are going up in Chicago. Of the three tallest buildings under construction, two are here, according to Emporis, an independent research group that catalogues high rise construction around the world.

"Out my window there are two, three, four, five new high-rises under construction or just completed in the last year and a half, and they've just announced another 80-story building," said Jim Fenters, who has lived on the 51st floor of a 54-story building overlooking Grant Park since 1979. "It's just remarkable what's happened here."

Projects that would be headline news in other cities go all but unnoticed.

"The Waterview Tower, that project is 1,047 feet, taller than the Chrysler Building," Blair Kamin, the Chicago Tribune's Pulitzer Prize- winning architecture critic, said of one building under construction. "In any other city there would be endless conversations, (but) here a 1,000-foot tower is `Ho-hum, how are the Cubs doing?'"

One factor that has fed the construction frenzy is the attitude at City Hall. Chris Carley, developer of the Fordham Spire, remembers the time several years ago when proposals for high-rises would prompt city officials to ask about knocking off 10 or more floors.

Today, the official attitude is reversed.

"I remember at least two (planning and development) staff members saying `Can't you make it taller? We really would like it taller,'" Chicago architect David Haymes says about discussions with the city for a planned condominium tower.

The change makes sense, says planning commissioner Lori Healey. In exchange for allowing developers to go higher _ where they get eyepopping views that allow them to charge huge price tags _ the city gets buildings that are a lot smaller at their base, allowing more open space and light than in cities crammed with shorter, wider buildings.

That's not to say there aren't concerns, particularly since these projects will cast long shadows.

"The jury's out on whether (the building) will overwhelm landmarks like the Wrigley Building and overwhelm the river," Kamin said. "People are concerned."

Still, more than a century after the world's first skyscraper _ the nine-story Home Insurance Building _ went up in 1885, Chicagoans remain enamored with tall buildings.

"Chicagoans live and breathe high-rises both within the profession and within the city," said David Scott, chairman of the Council on Tall Buildings and Urban Habitat, an international nonprofit organization based in Chicago.

Another reason for the surge in construction is that cities are becoming increasingly popular places to live among people with a lot of money _ the same population that fled to the suburbs decades ago.

Geography also plays a role. Unlike some other cities, Chicago has huge chunks of land, much of it near Lake Michigan, the Chicago River or parks.

"We offer unobstructed views, basically forever, of the park and the lake," said Bob O'Neill, president of the Grant Park Conservancy.

And some residents like Fenders say the view is getting even better. From his window, he can see Millennium Park's band shell designed by architect Frank Gehry, the spot where Renzo Piano's new wing at the Art Institute of Chicago is being built and the planned site of the Santiago Calatrava-designed Fordham Spire.

"These are three of the most famous architects in the world, and their (projects) are right here," he said.
http://www.breitbart.com/news/2006/06/24/D8IENO980.html
]]> Sat, 24 Jun 2006 23:27:34 Kiki