Archive for the ‘Chicago-esque’ Category
Chicago related, duh
Wolf Point 1832
I follow news of this proposed new construction at Wolf Point quite closely as it is only a few blocks from me. The current plan calls for 1,200 parking spots – which means an area with limited traffic flow is going to get more congested. Additional feet of river walk areas will be pleasant. Ideally, there would be just a huge park right there instead, but that’s not realistic. I’m neutral on the proposed plan – I’m sure it will change a bit before the buildings are completed.
I’m also pleased that the developers are not requesting public subsidy dollars to build it, at least at the moment.
Developers-give-first-glimpse-of-proposed new buildings
Blair Kamin of the Trib mostly likes it:
Touting what would be downtown Chicago’s largest new real estate development since the 2008 financial crisis, representatives of the Kennedy family and three financial partners are providing the first glimpse of a proposed three-tower office and apartment complex on a historic but long-underutilized site along the Chicago River.
The project, whose cost is pegged at more than $1 billion, calls for a slope-roofed office building of 925 feet, which would be Chicago’s eighth-tallest structure. Another office building and an apartment high-rise would bring the project’s combined square footage to nearly 3 million square feet, more than the biggest skyscraper of the boom years, the 2.6-million-square foot Trump International Hotel & Tower.
The plans, made public at a community meeting Tuesday called by Ald. Brendan Reilly, 42nd, and attended by more than 300 people, are for the triangular Wolf Point parcel to the southwest of the Merchandise Mart. The Kennedys sold the Merchandise Mart in 1998, but still control Wolf Point, once home to pioneer taverns, a hotel and trading posts.
…the new project, whose developers are not requesting a public subsidy, would dwarf River Point. Its highest tower, whose prow-like edge would jut toward the river at Wolf Point’s south end, would rise to a height of 925 feet.
The other office tower, projected to be 700 feet tall, would occupy the site’s eastern flank, next to the Merchandise Mart.
Completion of the skyscrapers, which would be marketed to law firms, corporations, professional service firms and tech firms, is not envisioned until 2018 for the south tower and 2020 for the east tower.
(click here to continue reading Developers give first glimpse of proposed complex at Wolf Point at junction of Chicago River branches – Chicago Tribune.)
Kevin Dickert of Curbed Chicago adds:
Kenig, Lindgren, O’Hara, Aboona (KLOA) conducted the traffic study on behalf of the developer. In collaboration with CDOT, it focused on six intersections. Without delving into too much detail, the study concluded that area traffic will be negatively impacted by the addition of these buildings. However, the added congestion will be mitigated to some degree by the site’s proximity to a myriad of transit options. The CTA stop at Merchandise is within a few blocks. The Olgilvie Transportation Center is less than a mile away. And there are numerous CTA buses routes. KLOA suggested alternatives such as biking to work or using car-sharing programs to lessen traffic impacts.
Here are some other tidbits we gleaned from the meeting: The project will create an investment of over $1 billion in Chicago. It will add around 1,000 feet of riverwalk. Landscape architects want to reorient the riverwalk so that pedestrians are not separated from the immediate riverside by a layer of foliage, as is currently the case. To this end, a bulkhead will be installed. We were assured that no parking structures will be visible. There are also plans for terraced seating with grasses and plantings similar to the portion of riverwalk at State and Wabash. Lastly, before the development can proceed, a change must be made to the existing zoning governing the property. Jack George, real estate attorney working on the project, said he plans to file the amendment with City Council today.
(click here to continue reading Renderings Revealed and More at Wolf Point Meeting – Development Update-O-Rama – Curbed Chicago.)
I assume Mayor Emanuel, or his staff, reads the New York TImes, and so any iota of a chance of taxpayer money for Wrigley Field renovation is gone, thankfully. Also telling that Mitt Romney cannot seem to control his own party, or else Willard is too big of a coward to say publicly what he says privately to Tea Party donors.
Mr. Ricketts is continuing to play a provocative role in the effort to defeat Mr. Obama.
He is involved in another effort slated for this summer, a documentary film based on a widely criticized book, “The Roots of Obama’s Rage” by Dinesh D’Souza, which asserts that Mr. Obama is carrying out the “anticolonial” agenda of his Kenyan father.
Mr. Ricketts’s aides said he was one of roughly two dozen investors, providing only 5 percent of the film’s budget. But his involvement shows how the more strident attacks against Mr. Obama, which Mr. Romney’s aides view as counterproductive, continue to find backing even as the Republican Party and the Romney campaign seek to keep the focus on the economy.
The episode involving the proposed Wright advertisement put new attention on the ability of wealthy donors, working with groups independent of the candidates, to shape the presidential race, and stoked further debate about whether outside groups were driving politics to become increasingly negative.
It also made Mr. Ricketts, who founded TD Ameritrade and is the patriarch of the family that owns the Chicago Cubs, the subject of intensive scrutiny and left his family’s business empire exposed to political backlash. He has refused several interview requests since The New York Times obtained a copy of the proposed Wright campaign. He is not affiliated with the Romney campaign, although he shares a legal adviser with Mr. Romney in Ben Ginsberg, the prominent Republican lawyer in Washington.
(click here to continue reading Joe Ricketts Finds New Role in Anti-Obama Campaign – NYTimes.com.)
I’ve often heard people say Chicago has a large Polish population, seems as if it is true. With numbers like this, of course there is diversity of opinions…
[President Bronislaw] Komorowski, who made his first visit to Chicago for the NATO summit, also met briefly with Mayor Rahm Emanuel. At a meeting with the Tribune’s editorial board, the president said the nearly 1 million Polish-Americans in Chicago — the largest population outside Warsaw — are an asset, and the city should take advantage.
During a morning visit at the Polish Consulate, Komorowski saw two opposing sides of how some Polish-Americans in Chicago view his government — one by young professionals who want to forge stronger ties with their homeland and another by older immigrants who want his party kicked out of office.
While Poland leads European countries in economic growth, Chicago and the rest of the U.S. have not kept pace with other foreign investors in his country, Komorowski said. Putting his own spin on a famous statement by President John F. Kennedy, he told the young professionals: “Ask not what Poland can do for you. Ask what you can do for Poland.”
Komorowski encouraged the 35 college students and other young adults to take an active role in shaping relations between the U.S. and Poland. He urged them to lobby politicians for policy reforms, such as the Visa Waiver Program, and to consider running for office themselves.
“I see a climate here that I dream of in Poland,” Komorowski said. “You have a great attitude, independence and ambition.”
Several of the young professionals said they wanted the president to know that they support Poland and value their Polish heritage as well as their American citizenship.
“We wanted to introduce the president to a perspective of what Polish-Americans look like today, not just immigrants but second and third generations that are interested in their community and giving back as well,” said Agnes Ptasznik, 30, an assistant Illinois attorney general who attended the event. “Their parents and grandparents had to take hard jobs, and they invested in them, and it paid off.”
(click here to continue reading President Bronislaw Komorowski of Poland visits Sen. Mark Kirk – chicagotribune.com.)
Not all his visit was dumplings and pierogis though…
As he sat among the successful lawyers, doctors and business people invited by Polish Consulate General Zygmunt Matynia, about 50 older Polish-Americans gathered on the sidewalk outside the office in the Gold Coast neighborhood, waving Polish flags and chanting “traitor.”
The protesters are among a group of Poles and Polish-Americans who contend that the 2010 plane crash in Russia that killed Polish President Lech Kaczynski and 95 others, including his wife, was no accident but an assassination. They claim that Komorowski, whose opposing party won in a runoff election afterward, has stood in the way of an international investigation.
“They don’t represent the true Poland,” said Casey Panek, an 80-year-old Salem, Wis., resident who left Poland more than 40 years ago. “There are too many (communist) agents in the government in Poland. It’s not completely red, but it’s pink.”
Woman was on the phone being interviewed for a job and this guy took her phone to put in a good word. twitter.com/4danlopez/stat…
— Dan Lopez (@4danlopez) May 24, 2012
I wonder if she got the job? What did the job interviewer make of this interaction? Did they believe who they were talking to?
Rahm on the CTA
I hope this is real, and not posed, nor Photoshopped, because I love it. Look at the woman’s expression, and the woman sitting behind her…
As far as still mingling with us commoners, Mayor Emanuel still rides the L to City Hall, sometimes anyway…
Yes folks, Chicago Mayor Rahm Emanuel still is riding the “L.” In fact, he says he rides the Brown Line twice a week from his home in Ravenswood Manor.
(click here to continue reading Mayor Rahm: King of the “L” | CTA Tattler.)
Talk about stupid moves: the New York Times reported today that Joe Ricketts, founder of TD Ameritrade, and patriarch of the family that owns Wrigley Field, is planning to spend at least $10,000,000 on attack ads targeting President Obama, bringing up old smears, and doing whatever nasty tricks the PAC can come up with to defeat Obama.
Except that the Chicago Cubs are trying to get money from former Obama Chief of Staff, and current Chicago Mayor, Rahm Emanuel, to pay for renovations on Wrigley Field. Ooops.
The Cubs are trying to work out a deal with the city that would involve using $150 million in city amusement taxes for a $300 million renovation of Wrigley Field.
The presidential campaign issue was widely viewed as threatening to upend the delicate talks between the family and city and state government. A mayoral aide said Emanuel was furious when he read about the anti-Obama ad proposal.
At City Hall, it did not go unnoticed that part of the Ricketts family is asking for taxpayer support while gearing up to spend millions on a presidential campaign. The mayoral aide described that as hypocritical.
The Emanuel aide said the Ricketts family has tried to contact Emanuel to discuss the situation, but the mayor declined the overture. Publicly, Emanuel did not have an immediate comment on how the effort by Joe Ricketts might affect those talks. “I’ll have some conversations on that later — comments rather,” Emanuel said.
(click here to continue reading Ricketts family moves to control fallout on Obama attack ad – chicagotribune.com.)
Assholes. I hope they don’t get a single dime of taxpayer money. In fact, the city ought to use the power of eminent domain, and seize control of the stadium until the Ricketts divest from it. Sell the Cubs to Mark Cuban, he’s much smarter than these tone-deaf idiots.
The media buy for the proposal (source document here – PDF) includes advertising on Meet the Press, Face the Nation, the History Channel, the Weather Channel, TNT, Anderson Cooper’s show on CNN, Fox and Friends, of course, aerial banners to fly over the Democratic Convention in Charlotte, blanketing the Charlotte airport with 15 screens running this clap-trap four times an hour, full page 4-Color newspapers ads, and more.
more from the NYT on the Rickett plan:
Timed to upend the Democratic National Convention in September, the plan would “do exactly what John McCain would not let us do,” the strategists wrote.
The plan, which is awaiting approval, calls for running commercials linking Mr. Obama to incendiary comments by his former spiritual adviser, the Rev. Jeremiah A. Wright Jr., whose race-related sermons made him a highly charged figure in the 2008 campaign.
“The world is about to see Jeremiah Wright and understand his influence on Barack Obama for the first time in a big, attention-arresting way,” says the proposal, which was overseen by Fred Davis and commissioned by Joe Ricketts, the founder of the brokerage firm TD Ameritrade. Mr. Ricketts is increasingly putting his fortune to work in conservative politics.
The $10 million plan, one of several being studied by Mr. Ricketts, includes preparations for how to respond to the charges of race-baiting it envisions if it highlights Mr. Obama’s former ties to Mr. Wright, who espouses what is known as “black liberation theology.”
The group suggested hiring as a spokesman an “extremely literate conservative African-American” who can argue that Mr. Obama misled the nation by presenting himself as what the proposal calls a “metrosexual, black Abe Lincoln.”
A copy of a detailed advertising plan was obtained by The New York Times through a person not connected to the proposal who was alarmed by its tone. It is titled “The Defeat of Barack Hussein Obama: The Ricketts Plan to End His Spending for Good.”
The document, which was written by former advisers to Mr. McCain, is critical of his decision in 2008 not to aggressively pursue Mr. Obama’s relationship with Mr. Wright. In the opening paragraphs of the proposal, the Republican strategists refer to Mr. McCain as “a crusty old politician who often seemed confused, burdened with a campaign just as confused.”
“Our plan is to do exactly what John McCain would not let us do: Show the world how Barack Obama’s opinions of America and the world were formed,” the proposal says. “And why the influence of that misguided mentor and our president’s formative years among left-wing intellectuals has brought our country to its knees.”
The plan is designed for maximum impact, far beyond a typical $10 million television advertising campaign. It calls for full-page newspaper advertisements featuring a comment Mr. Wright made the Sunday after the attacks of Sept. 11, 2001. “America’s chickens are coming home to roost,” he said.
The plan is for the Democratic National Convention in Charlotte, N.C., to be “jolted.” The advertising campaign would include television ads, outdoor advertisements and huge aerial banners flying over the convention site for four hours one afternoon.
The strategists grappled with the quandary of running against Mr. Obama that other Republicans have cited this year: “How to inflame their questions on his character and competency, while allowing themselves to still somewhat ‘like’ the man becomes the challenge.”
Lamenting that voters “still aren’t ready to hate this president,” the document concludes that the campaign should “explain how forces out of Obama’s control, that shaped the man, have made him completely the wrong choice as president in these days and times.”
(click here to continue reading G.O.P. ‘Super PAC’ Weighs Hard-Line Attack on Obama – NYTimes.com.)
Look, if Papa Ricketts wants to attack the president with his own TD Ameritrade money, well, I don’t like it, nor their moronic intentions, but I don’t object. However, the Ricketts simultaneously having their hands out to take my tax money is just wrong, and I hope Mayor Emanuel tells them to fuck off, in those words. If I had a TD Ameritrade account, I’d close it right away. You should close yours right away.
Eric Zorn lists a few of the problems Richard Daley left for his successor. There are others that could be added, such as the Silver Shovel investigations, or even the continued abuse of TIF monies for real estate developers, but that’s a post for another time, as these ten are pretty devastating when you consider the bad place the City of Chicago is in because of Daley.
Wednesday marks the anniversary of Mayor Rahm Emanuel tagging in for Daley, yet even at this chronological distance, the former mayor continues to be a looming baleful presence in the news, more a subject for fury than nostalgia.
Consider, in no particular order, these 10 things:
1. Recent revelations that Daley took advantage of obscure provisions in the law not only to avoid more than $400,000 in pension contributions but also to boost his retirement pay to $183,778 a year.
2. News that the dreaded privatization of parking meters in 2008 was worse than we thought: Chicago Parking Meters LLC, which has been cheerfully jacking up rates since buying 75-year rights to meter revenue for $1.15 billion, is billing the city $14 million for the offense of taking meters out of service for repairs and other street closings, and pursuing an additional $13.5 million claim related to parking for the disabled.
3. Headlines announcing that Daley, who quickly burned through most of that $1.15 billion parking-meter payout in an effort to conceal a structural deficit in city finances, was hired by Katten Muchin Rosenman LLP, the law firm that — wait for it! — billed the city $663,000 for helping negotiate the parking-meter deal.
(click here to continue reading Change of Subject: Daley, a year later— No thanks for the memories.)
and this might be the worst:
5. The ever-growing realization that toward the end of his 22 years in office, Daley was frantically moving money around and playing budget tricks instead of taking on the painful job of resetting priorities to restore the city to fiscal health. “That set of choices has been avoided over the past decade,” said Emanuel one year ago of the $636 million budget shortfall he inherited.
“We cannot ignore these problems a day longer,” he said.
“Because of the appalling lack of stewardship by you-know-who,” he did not say.
Mayor Daley did some good things for the city, I won’t deny it, but at what cost? Is having a sparkling downtown worth all the corruption and crony capitalism?
More of Daley’s sad legacy…
The parking meter company took in more than $80 million from meters across Chicago in 2011, according to documents it filed this week with city officials.
Chicago Parking Meters’ financial performance last year slightly exceeded projections of Wall Street analysts, who have rated the company a smart investment, said Matthew Hobby, an analyst with the Standard & Poor’s ratings agency.
For $1.15 billion, paid upfront, the City Council approved a plan championed by then-Mayor Richard M. Daley in 2008 that privatized Chicago’s 36,000 meters for 75 years. In a deal that was widely criticized for selling taxpayers short, Chicago Parking Meters was given the right to keep all meter revenues until 2084. Drivers have since seen sharp increases in parking rates under the deal.
After leaving office a year ago, Daley, along with his former corporation counsel and two top press aides, went to work for Katten Muchin Rosenmann LLP, the law firm that handled the parking meter deal for the city.
Since the meter deal took effect, city officials have paid the parking meter company more than $2 million in what they call “true-up adjustments” to make up for parking spaces taken out of service.
The amount billed for those adjustments skyrocketed in the first nine months of the 2011 budget year, to $14 million — a sum Emanuel is refusing to pay. The company hasn’t submitted its claim for the last three months of the year yet.
In an April 5 letter to Chicago Parking Meters chief executive officer Dennis Pedrelli, Emanuel’s chief financial officer, Lois Scott, blasted the way the company calculated those adjustments for last year, calling its invoices “legally and factually erroneous.”
Scott said that, under the parking meter deal, City Hall should be determining how much money Chicago Parking Meters is owed for those out-of-service meters — something the Daley administration had allowed the company to do.
(click here to continue reading Chicago parking meter company wants more money; mayor balks – Chicago Sun-Times.)
It might be fun to attend this, but on the other hand, I like to sleep in a bit on Sundays.
Union Station 225 South Canal Street, Chicago, IL 60606
When: 11:00 a.m. – 4:00 p.m., Saturday, May 12 General Admission: Free
Now in its 5th year, National Train Day is back to celebrate train travel and the ways trains touch the lives of people with events across America. This year, festivities will highlight the unique perspective passengers enjoy as they take in the vastness and beauty of the American landscape, from cities big and small, to country vistas and everything in between, when traveling by rail. As part of National Train Day, each major market event features live entertainment, interactive and educational exhibits, kids’ activities, model train displays and tours of Amtrak equipment, freight and commuter trains, and notable private railroad cars.
(click here to continue reading National Train Day In Chicago.)
Every year on May 1st there is some sort of demonstration or rally in front of the Haymarket Riot Memorial statue. Here are some photos from yesterday’s events. Double click an image to embiggen.
Join ILHS at our annual May Day ceremony and commemoration of the Haymarket Martyrs. Benedicto Martinez Orozco, a leader of the Mexican union federation Frente Autentico de Trabajo, will preside over mounting a plaque from our Mexican brothers and sisters in the FAT. Then join the May Day demonstration assembling at Union Park at 12 noon and marching to Federal Plaza at 1:00 PM. This May Day demonstration, initiated by Occupy Chicago, is sponsored by a host of local unions and community groups.
(click here to continue reading May Day 2012.)
InterContinental Chicago aka Medinah Athletic Club, originally uploaded by swanksalot.
South Tower, designed by architect Walter W. Ahlschlager. Click here for lightbox version.
The Medinah Athletic Club building was intended to combine elements of many architectural styles. At the eighth floor, its Indiana limestone facade was decorated by three large relief carvings in ancient Assyrian style. Each frieze depicted a different scene in the order of constructing a building, with Contribution on the south wall, Wisdom represented on the west wall and Consecration on the north. (According to an article in the Chicago Tribune from Sept 16, 1928 entitled “Building art inspires panels”:“The friezes were designed by George Unger, in collaboration with Walter Ahlschlager, and carved by Leon Hermant. The figures are costumed in the period of the building, which is that of an old fortress in Mesopotamia in Xerxes time, about 5th century BC.
The theme of the panels as explained by Mr. Unger, was inspired by the history of construction of any building. The south panel starts the story. Here a magnificent cortege is displayed. This panel, termed Contribution, signifies the getting together of treasures for the construction of the building. In the west panel, facing Michigan Avenue, a ruler is shown with his counselors and an architect is shown bringing in a model of the building planned. The north panel shows the consecration of the building after it has been built. A priest is sacrificing a white bull whose blood will be mixed with crushed grapes and poured into the earth. A monkey trainer and his animals are shown. Since the animals represented bigotry in the ancient drawings, they are shown here in leash as symbolic belief that bigotry has no place in the Masonic order.”) The figures in all three scenes are said to be modeled after the faces of club members at the time of its design. Three Sumerian warriors were also carved into the facade at the twelfth floor setback, directly above the Michigan Avenue entrance, and remain visible today.
The exotic gold dome, which is Moorish in influence, originated as part of a decorative docking port for dirigibles – a notion conceived before the Hindenburg disaster in 1937. Years later, the building would lose several feet with the dismantling of an ornamental canopy on the small turret north of the dome. This chimney-like structure was originally intended to assist in the docking of these air ships, but it was never put into use. Inside the dome, a glass cupola and spiral iron staircase resembling the top of a lighthouse led down to the hotel’s upper elevator landing.
Never took a good photo of this building before last month.
Fun for your May Day celebrations: pretend you are part of the black helicopter One World Cabal of Illuminati, as explained by The Straight Dope’s Cecil Adams:
Just exactly what event are the Russians and Red Chinese commemorating on May 1 each year? I have yet to find any birthday or important event relating to communism/socialism that occurred on May 1. Someone once told me, though, that May 1, 1776, was the birth date of a group called the Illuminati, which was alleged to be a clandestine group devoted to one-world government. Is it so? Please enlighten.
— Bob B., Dallas
Better grab yourself a sandwich and a beer, Bobberino; this is going to take a while. The Illuminati play a leading role in what is without doubt the muthah conspiracy theory of all time, stretching back at least two centuries and probably as far as the Pleistocene epoch, to hear some tell it.
Adherents of the theory, who for the most part are right-wing fruitcakes, claim it explains every social upheaval from the French Revolution of 1789 through the Russian Revolution of 1917. The Illuminati are said to be the guiding force behind a vast international cabal involving the Masons, German and/or Jewish socialists, the Bolsheviks, and revolutionaries of every stripe, whose principal aim is either the establishment of a totalitarian one-world government, the destruction of Western civilization, or both. This ain’t no foolin’ around, apocalypse fans.
Let’s start with the easy part. May Day, an international celebration of worker solidarity observed principally in socialist countries, traces its origins back to the eight-hour-day movement in the U.S., and specifically commemorates the 1886 Haymarket Riot in Chicago, of all places. (We learn this, incidentally, from the Great Soviet Encyclopedia.)
At an October 1884 convention in Chicago, the Federation of Organized Trades and Labor Unions, later to be reorganized as the American Federation of Labor, declared May 1, 1886, to be the date from which “eight hours shall constitute a legal day’s work,” as opposed to the nine- or ten-hour days then prevalent.
Why May 1 is chosen is not clear. Among other things, it happened to be the date of the traditional May Day spring festival, celebrated in Europe (and parts of the U.S.) since medieval times. But other American labor groups had earlier suggested other days, such as the Fourth of July.
(click here to continue reading The Straight Dope: Does May Day actually commemorate the birth of the Illuminati?.)
Coincidentally–although some would say it’s no coincidence–May 1 is also the date that a secret society called the Illuminati was founded in 1776 by a Bavarian university professor named Adam Weishaupt. Although the group’s precise aims are a little murky, the Illuminati were apparently dedicated to the abolition of organized religion and the nation-state–in short, they were anarchists. Such ideas were not uncommon at the time; Enlightenment thinkers like Rousseau had vaguely similar notions.
By and by it occurred to Weishaupt that he could multiply his influence by infiltrating existing lodges of Masons. The Masons, themselves a secret society, seem to have originated in England, and by Weishaupt’s time were well established throughout Europe. Although they were decentralized and had no overriding political program, the Masons had attracted a fair number of freethinkers, who to some extent took advantage of the group’s clandestine character to discuss Enlightenment ideas. Masons were suspected of being anticlerical, and had been condemned on several occasions by the Catholic Church.
Weishaupt’s minions succeeded in gaining influential positions in many Masonic lodges in Germany, Austria, and elsewhere. Characteristically, though, only the top leaders of the Illuminati knew the full extent of the group’s radical plans. Weishaupt, who claimed to have been inspired partly by the Jesuits, set up an elaborate hierarchy complete with secret signs, ceremonies, and codes in which members were gradually given additional knowledge as they rose in rank.
Eventually, though, some of the Illuminati quarreled, and disgruntled ex-members went to the authorities with lurid stories. In 1785, the alarmed Elector of Bavaria ordered both the Illuminati and the Masons suppressed. Numerous incriminating papers were confiscated and later published throughout Europe, creating a widespread panic that secret societies were plotting the violent overthrow of all civilization. This probably would have died down eventually, except for one thing: on July 14, 1789, the Bastille fell to a Paris mob, and the French Revolution began.
We now take leave of Reality, and enter the twilight world of Total Paranoia. Not much is known about what happened to the Illuminati after 1785. Some of them went underground, and several may have been involved in various plots over the following few years. Whatever the truth of the matter, rightists began churning out an immense volume of books and pamphlets blaming the Illuminati for . . . well, just about everything.
(click here to continue reading The Straight Dope: Does May Day actually commemorate the birth of the Illuminati?.)
Another new neighbor:
CHICAGO-Summit Design + Build LLC is underway on construction on City Winery Chicago, a fully operational urban winery and tasting room, restaurant with outdoor wine garden, concert hall and private event space at 1200 W. Randolph St. in the West Loop. The building is a former refrigerated food distribution warehouse built in the early part of the 20th century, is being renovated into a 33,000-square-foot contemporary winery and hospitality facility. Opening is scheduled for August.
(click here to continue reading GlobeSt.com – Duke Signs Leases for Three Industrial Tenants – Daily News Article.)
Still too high if you ask me1
Samuel Zell, the real-estate mogul behind the disastrous leveraged buyout that plunged Tribune Co. into bankruptcy, came out the biggest loser in an inter-creditor fight over expected payouts from the Chapter 11 proceeding.
Judge Kevin Carey of the U.S. Bankruptcy Court in Wilmington, Del., found Mr. Zell’s investment ranked dead last in the Chapter 11 payment priority competition, “at the bottom of Tribune’s capital structure.” Mr. Zell’s claims are junior to $759 million of claims from holders of the so-called Phones notes, the judge said.
Mr. Zell has labeled the Tribune LBO “the deal from hell.” The two-step transaction in 2007 piled an additional $8 billion in debt on the publishing and broadcasting operation, which filed for Chapter 11 bankruptcy less than a year later. Tribune publishes the Los Angeles Times, Chicago Tribune and other newspapers as well as TV stations.
(click here to continue reading Sam Zell Ranks Last Among Tribune Creditors – WSJ.com.)
- or numerous people who work, or once worked, for Mama Tribune [↩]
The retail space in R+D 659 has never been leased in the history of the building – it has sat vacant since 2006. Especially since there will not be a garage here, I’m happy to have Fiat as a neighbor.
Fiat of Chicago hopes to open its 12,900-square-foot dealership at 647 W. Randolph St. by July, says Carmelo Scalzo, who will co-own the dealership with his father Antonio Scalzo. They chose the location, on the ground floor of the 15-story R+D 659 condo tower, largely because of its location next to the highway, Carmelo Scalzo says.
After 28 years away from the U.S., Milan-based based Fiat SpA, which also owns Chrysler, began selling its Fiat 500 model here last year and has already opened dealerships in the suburbs. Since its American return, the company has rolled out a publicity blitz including television advertisements featuring Jennifer Lopez and Charlie Sheen. Fiat of Chicago aims to generate its own attention with visibility and easy accessibility to hundreds of thousands of drivers a day.
“With the right signage, that’s about the heaviest traffic there is in Chicago,” says Greg Kirsch, principal at New York-based Newmark Knight Frank, who represents retail tenants in Chicago but was not involved in this deal. “It kind of follows what Mercedes did on North Avenue. That was a good example of taking advantage of the expressway traffic. The rental income from billboards alone can be tens of thousands of dollars a month, so why not use the high visibility and make it convenient for the customer at the same time?”
The Scalzos already own and operate Volvo of Oak Park. They sought out the Fiat brand because Antonio Scalzo worked as a Fiat technician in his native Calabria, Italy, before coming to the U.S. and eventually owning his own Fiat and Alfa Romeo dealership in Berwyn and later Maywood. “It was an opportunity for my father to get back to his roots with Fiat and Alfa Romeo,” Carmelo Scalzo says. “We’ve been pursuing it for a couple of years, and with our history and heritage they thought we’d be a good fit.”
The younger Mr. Scalzo says he plans to sell 600 Fiats a year out of the dealership, which would give it one of the highest volumes in the country. When the higher-end Alfa Romeo brand returns to the U.S. in 2013 or ’14, those sports cars will become available in the Chicago showroom, he says. That will create price ranges from about $16,000 for the Fiat 500 to more than $60,000 for some Alfa Romeos, Mr. Scalzo says. Fiat of Chicago will have a bright, red-and-white showroom — or “studio,” as the company calls it — with high ceilings. It will not have a service garage.
(click here to continue reading Fiat dealer, parking on Randolph, aims to turn heads on Kennedy – News – Crain’s Chicago Business.)
Maybe the Scalzos want to purchase some Chicago-esque photographs to hang in their showroom?
Warm, indeed. Abnormally warm in fact, and not just in Chicago
Records are not only being broken across the country, they’re being broken in unusual ways. Chicago, for example, saw temperatures above 26.6°Celsius (80°Fahrenheit) every day between March 14-18, breaking records on all five days. For context, the National Weather Service noted that Chicago typically averages only one day in the eighties each in April. And only once in 140 years of weather observations has April produced as many 80°Fahrenheit days as this March.
Speaking at a high-dollar Chicago fundraiser hosted by Oprah Winfrey as the city basked in June-like weather last week, President Barack Obama admitted to being “a little nervous” about global warming: “We’ve had a good day,” Obama said. “It’s warm every place. It gets you a little nervous about what’s happening to global temperatures. But when it’s 75 degrees in Chicago in the beginning of March it gets you thinking … ” “Something’s wrong,” Oprah interjected. “Yeah,” Obama said. “On other hand we really have enjoyed the nice weather.”
(click here to continue reading Record Heat Wave Grips US. But Is It Climate Change? | Mother Jones.)