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Chicago Spire: WGN construction feature story

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Uploaded by on Jun 26, 2008

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.

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  • 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.

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