The Spire: Chicago Lite?

3 August 2005 - 1:00pm

Chicago's latest attempt to build a massive trophy condo/hotel tower makes writer Peter Slatin's head spin.

"Chicago developer Christopher Carley of Fordham Company could find lenders willing to finance his proposed $500 million, 115-story, 2,000-foot-tall condo/hotel, designed by Spanish architect Santiago Calatrava. And he could find a couple of hundred souls willing and able to pay the estimated $850 a square foot for the privilege of living in a pad (or is it a pod) designed by one of this or any century's great architects. Compared with the $2.000-a-foot-plus residential towers of New York or Hong Kong, that's a bargain-basement price for the top of the line at the top of the sky."

Source: The Slatin Report, July 27, 2005
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