tag:blogger.com,1999:blog-4186587935097536129.post3702686429827492657..comments2023-04-01T06:34:38.141-05:00Comments on Hyde Park Progress: Chicago and the Opium of the Developerschicago pophttp://www.blogger.com/profile/17055796523227869734noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-4186587935097536129.post-2943761434352996452010-11-15T16:21:58.293-06:002010-11-15T16:21:58.293-06:00Projects such as the one discussed in this article...Projects such as the one discussed in this article seem to be driving factors in the struggles of <a href="https://www.reisreports.com/Markets/Illinois/Chicago/Office/" rel="nofollow">chicago commercial property</a>, especially in the most recent data given by ReisReports. The report insists that one of the keys to a rebounding office market will come at the same time that the construction cycle begins to slow down, which certainly is not the case here. At the end of the day, there is still a need for an increase on the demand side, which will allow a project like this to be a success.Unknownhttps://www.blogger.com/profile/01127563789942510768noreply@blogger.comtag:blogger.com,1999:blog-4186587935097536129.post-61923019539046919642010-11-08T18:01:28.194-06:002010-11-08T18:01:28.194-06:00I'm pretty sure the Harper Court plans are pro...I'm pretty sure the Harper Court plans are proceeding well -- at least the first phase of development is. In particular, a few nice national chains have expressed interest in anchoring the retail section, including a Panera and a clothing chain that I'm blanking on right now (Banana Republic?).Elizabeth Famahttps://www.blogger.com/profile/04931639156261179425noreply@blogger.comtag:blogger.com,1999:blog-4186587935097536129.post-33543218596931460222010-11-06T08:20:53.791-05:002010-11-06T08:20:53.791-05:00Wait. There's still the 2020 Olympics to bid ...Wait. There's still the 2020 Olympics to bid for....edjhttps://www.blogger.com/profile/01593866936717576973noreply@blogger.comtag:blogger.com,1999:blog-4186587935097536129.post-67896610579114700212010-11-03T22:35:02.844-05:002010-11-03T22:35:02.844-05:00"....We are likely to live with things as the...<i>"....We are likely to live with things as they now stand until our kids move away to college, we move out of the neighborhood for other jobs, or we are dead...."</i><br /><br />Right on, Chicago Pop. I look at 53rd Street and just shake my head....we *so* lost our chance to get things right around here....<br /><br />...yet I (foolishly?) cling to hope for that old US Steel site; nothing will happen fast, it's true, but I'm willing to be patient on that one. It sure would be a tremendous project.Chicago_momhttps://www.blogger.com/profile/03423426964061740668noreply@blogger.comtag:blogger.com,1999:blog-4186587935097536129.post-91892792856603325512010-11-02T16:17:13.941-05:002010-11-02T16:17:13.941-05:00It looks like the empty lot at 53rd and Cornell wi...It looks like the empty lot at 53rd and Cornell will be the place for E. Hyde Parkers to shop for Christmas trees this year.David Farleyhttps://www.blogger.com/profile/13470344472613171012noreply@blogger.comtag:blogger.com,1999:blog-4186587935097536129.post-81030155739916796532010-11-01T20:52:39.428-05:002010-11-01T20:52:39.428-05:00Excellent post. If nothing else, this should drive...Excellent post. If nothing else, this should drive home the importance of the saying "Make no small plans".<br /><br />How many mediocre buildings, poorly built cheapo condos and other mediocrities were throw up during the boom years? How many great projects were defeated by self-interested "activists"? <br /><br />I liked the Spire, even if nobody else did. But everyone waited so long, the window of opportunity is gone.<br /><br />And that Solstice building is one of the most gorgeous, yet practical residential designs I've ever seen. As it is now, the only unique, interesting, modern architecture being build in Hyde Park is on University property.<br /><br />And your story here told me something I didn't know: the hotel that was going up at Clark and Wacker is DOA? I used to work in the glass tower on the other side of Clark a few years ago when that was still a parking lot. It's a real shame it could sit there half-finished for years, if not simply demolished.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4186587935097536129.post-76974550963244972122010-11-01T18:52:28.042-05:002010-11-01T18:52:28.042-05:00Not really -- I singled out residential simply bec...Not really -- I singled out residential simply because it's what we pay attention to at Yo. (We usually only write about commercial development in connection with residential development, i.e., mixed-use projects and the like.) I don't really have a feel for the situation at a project like Harper Court, for example.Joseph Askinshttps://www.blogger.com/profile/12051723379168003187noreply@blogger.comtag:blogger.com,1999:blog-4186587935097536129.post-68798513744218253972010-11-01T16:58:27.588-05:002010-11-01T16:58:27.588-05:00Don't know if you'd care to follow up JDA,...Don't know if you'd care to follow up JDA, but wonder if you have a different take on the local commercial and office markets?chicago pophttps://www.blogger.com/profile/17055796523227869734noreply@blogger.comtag:blogger.com,1999:blog-4186587935097536129.post-10327737733093943792010-11-01T16:43:25.280-05:002010-11-01T16:43:25.280-05:00Thanks for the link, Pop. I may have been the one ...Thanks for the link, Pop. I may have been the one noting the Solstice listings, but I'd consider the developers and brokers attached to the project far more "optimistic" about it than anyone on my end. The post certainly didn't take any sides on the project's viability.<br /><br />I'd say your assessment on many of the residential projects mentioned is quite fair. The South Shore project, especially, has quite an uphill climb ahead of it.<br /><br />Joe Askins<br />YoChicago.comJoseph Askinshttps://www.blogger.com/profile/12051723379168003187noreply@blogger.com