Agreed, I have never bought the 'if they're doing it in Chicago (or Tokyo) then we should do it here' mentality. Let's wait and see how this market turns out first before declaring it a success. We're getting ahead of ourselves but then again the idealism is what's always made this forum so interesting ... and amusing.
That's true. Life isn't any fun without a few dreamers. If this works, I will be elated. With any luck, construction could spread to the old Klingman's building, and then to Division and up that Wealthy St. corridor, which has been sadly neglected. I've always thought that with all of the hospital workers, Catholic Central and Diocese traffic, EGR traffic, Hill traffic, etc., something ought to be able to work in that area (with some pandhandling management). Strangely, though, nothing has so far. If this urban market is actually capable of attracting people with money to spend, perhaps some of that could change. There is developable land along Wealthy all the way to Prospect, with the likely exception of the Mary Free Bed ramp. MFB has a ton of surface lots too, but those might be more negotiable if they got the right price. If something happens further to the east to make that go, long term, I could see a vehicle/ped tunnel under 131 to reinvigorate the old Wealthy spur by connecting it through to Century, and redeveloping the Baker and Klingman buildings. Pie in the sky, right? Tieing this together with the ICCF Division/Wealthy thread, there really is about 45 acres of land east of 131, much of it vacant or underutilized, within a few blocks. In terms of proximity to highways, people and potential adequate parking, there isn't much else a whole lot better. ICCF has the right idea buying all of the bulldozer houses down through to Buckley. Long term, I could see the urban market and ICCF project spurring a retail corridor--much more so than downtown. Plenty of room around here for adequate surface lots behind the buildings.