Wednesday, June 20, 2007

Cool project on multiple levels

Hines is looking to develop 200 N. Riverside Plaza with a 50 story, 1 million sf building. Although if this get built it puts a ton of new space online, I like this project for different reasons. First, the legal issues surrounding a deal like this are very complex, and I like that. You have the river and the railroad tracks to consider, complicated constrution issues, major-league anchor tenant lease...the whole kit and kaboodle. I also like it for a selfish reason -- because it is near my Chicago office, which just adds to all the development going on in my neck of the woods. The bad news? I think it will completely block the east views from the roof and third floor of the building where my office is.