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this all sounds like good changes, haven't been to Atlanta in a few years, may be surprised when I get back
A recent pic of Midtown, looking south towards Downtown. The dark glass building adjacent to the Connector is phase I of NCR's new HQ's nearing completion.
Posted this in the Amazon thread, but then I realized it spelled out some of the large developments announced lately. Much of this is related to Amazon, and I can't see ALL of it being done because it's just so huge, but they're interesting to look at. Given the strong momentum in downtown that keeps building, the core area is at the point it needs to start busting out in new directions. Much of the infill potential in the immediate downtown is gone (never though I would see the day, especially in River North).
Chicago announced this week the partnership of the University of Illinois flagship campus in Champaign partnering with Northwestern University, the University of Chicago and the University of Illinois-Chicago to build a $1.2 billion dollar mutual innovation, research and technology center on part of a massive 62 acre development on vacant land directly south of downtown. The center would be roughly 2,000 faculty and students for between one and four semesters. This innovation center would fit right in with what Amazon is looking for, and would be on-site if they end up going with the 62 acre parcel south of Roosevelt Road as their choice. There is a subway tunnel under the property that could handle an infill station to connect the development right to the transit network. There's also a metra rail line running across the property. The land is sunk down below grade, so all transit would probably be "ground level" with the actual development elevated.
It's part of a much larger development to include a new half-mile riverwalk, large parks, many new office and residential highrises. Essentially it is going to be a new neighborhood, developers have been looking at it for years now.
Another new development just announced, possibly for Amazon to look at, is a 100 acre plot of unused land directly south of McCormick Place and right next to the lakefront. The old Michel Reese hospital site. Massive area, amazing location.
The Old Main Post Office, nearly 3 million square feet itself which is already fully under renovation adjacent to the Blue Line L and also Union Station.
In addition the old Finkl Steel site on the north branch of the Chicago river which was cleared over the past few years. The developer has acquired many other former industrial sites and the city has sold them a massive plot of land that housed their maintenance service for years. The land is now being surrounded by development to the point the city is moving the activities to the south side to free up the land. The development is the most underway of all the proposals, would include an expansion of the 606 trail across the Kennedy Expressway and the river, and a new metra station and dozens of office, residential and retail buildings over dozens of acres.
A 30 acre site which currently houses Chicago Tribune's printing and shipping activity is going to move and they're revamping the land as potential development on a 30 acre site which sits very close to the Finkl Steel site mentioned above. This would include 18 highrises along the Chicago River.
The big push now is to expand transit in the central area as it keeps booming. Especially if the Finkl and Tribune sites start to develop in tandem. Now that the river has suddenly become such a tourist draw and asset, both of these development are going to design largescale riverwalks and focus on the river. This would tie these parcels into the riverfront downtown, which is right to the south.
The north sections of that plan are probably the most do-able in the near term, especially as the development to the north is the most sure thing at this point. The right-of-way for the leg going from the main train stations downtown to Navy Pier is actually almost entirely there right now. There is a ground level vacant path leading right past Michigan Avenue that's been there the whole time under buildings or tucked into alleys. It's a historical railroad path that never had its rights abandoned, so properties still have to keep it clear of development - a huge asset right now as it would be very needed as a connection from Navy Pier/Michigan Ave right into Union Station and Ogilvie Stations.
The tower that was expected to start site prep on the Hudson site in Detroit has been reworked with more capital infusion ($130 million more) and will now be taller than 800 feet, making it by far the tallest building in Detroit.
It begins site preparation and construction at the end of this year and will install the first steel beams early next year. It will conclude construction in 2022.
3 billion development in Miami Downtown/Brickwell area this transform Miami downtown core it slowly improving in DT Miami. Brickwell is now baby Manhattan neighborhood.
Miami Worldcenter is one of the largest private master-planned projects in the United States, featuring a diversity of urban land use, including retail, hospitality, and residential space.
150 cranes, $25B in investments. If we focus on downtown it's probably at 30-40 cranes, which is more than almost every downtown outside NYC, TO, CHI, and probably the same as Seattle. 2018 poises to be a very strong year, downtown population surpassed 120,000 in 2016 and day trips downtown went up to nearly 1.3 million.
150 cranes, $25B in investments. If we focus on downtown it's probably at 30-40 cranes, which is more than almost every downtown outside NYC, TO, CHI, and probably the same as Seattle. 2018 poises to be a very strong year, downtown population surpassed 120,000 in 2016 and day trips downtown went up to nearly 1.3 million.
Hopefully this isn't the same Chinese money laundering that led to the Toronto/Vancouver bubbles.
Oceanwide Plaza u/c across from Staple Center in DTLA. It will have a Park Hyatt Hotel, 505 condos in two towers and 166,000 square feet of open air retail space. The three towers will be 53, 40 and 40 stories tall. Completion is set for early 2019. https://photos.app.goo.gl/aTwYjVciEkHIBFmG2
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