Feature story on WGN about The Chicago Spire construction site. The Chicago Spire is designed by Santiago Calatrava, a WGN reports live from The Chicago Spire construction site on June 6, 2008. The Chicago Spire is designed by Santiago Calatrava, and, at 2,000-feet, it will be the tallest residential building in the world when complete in 2012.
Construction is on hold. Don't hold your breath. Calatrava and other contractors have filed liens on the property, the developer can't get a loan, and only 33% of the units were sold after a very aggressive 5-continent sales pitch. A dicey proposition even in the overheated housing market of two years ago, the timing for this can now be seen as absolutely disastrous, and I bet Kelleher rues the day he bought into this scheme.
DFDalton1962 3 years ago