If and when we build the North & South Metrolink extension, this building is well places at two short blocks from the station at 14th and Delmar.
TOD!
TOD!
irocktheparty2000 wrote:Speaking of views, only bummer could be for those who bought units on the NE side of Ely Walker. They may end up losing their arch views but hard to tell.
rustedhinge wrote:This is a beautiful building!
Also, I can't find the phone number and address for the Developer. I find it odd that it's not posted. Are they legit?
DeBaliviere wrote:Grover wrote:All that AND a dog run! Now everyone should be happy
Everyone but migueltejada. He hates dogs.
^Dude, I don't know whether or not they have built a tower or not, but you cannot always tell all of the projects a firm has done by looking at its website.bpe235 wrote:
I asked the same thing. They have worked on some large apt/condo projects in Chicago, but no highrises. Anyone else find that strange.
Metropolitan Development Enterprises
http://www.metropolitan-us.com/index.html
Framer wrote:^Dudes, sometimes "developers" will develop nothing but a pretty rendering and a "concept" for what could be built on a desirable chunk of land, hoping to then sell-out to somebody else who can actually build the darn thing. I'm not saying that's what these guys are up to, just that that's what some developers do.
MattnSTL wrote:But in selling out, the buildings still get built. So I don't get the point.
Yes, this is true and I believe this actually happened with Park East Tower. The Park East proposal actually started off with Chicago-based Baker Development, but was eventually developed by Opus. And Baker has developed highrises. As long as the project moves forward, in the end it doesn't matter who builds it.Framer wrote:^Dudes, sometimes "developers" will develop nothing but a pretty rendering and a "concept" for what could be built on a desirable chunk of land, hoping to then sell-out to somebody else who can actually build the darn thing. I'm not saying that's what these guys are up to, just that that's what some developers do.
"The local foursome -- Riley and his father, Philip Riley; Ben Muchoki; and Brad Waldrop -- are active in the downtown loft-conversion market. Waldrop transformed an old school and church at 2401 S. 12th Street into 14 condos called the Barton Street Lofts.
The foursome also bought six of the Knickerbocker units at Washington Avenue and 13th Street. One of the investors moved into one of the lofts, and they resold three of the lofts unfinished, custom-built one and are currently converting the sixth.
The local investment group, which called itself Dragon Development for the Locust Street building purchase and sale, is now operating as RileyWaldrop LLC, Ben Riley said. But it does have more plans to buy and develop downtown real estate, especially now that the group has secured the capital from the sale of the Dragon Trading building.
"We believe in downtown," Riley said. "The momentum is picking up, because people, who didn't believe it could happen before, now have to believe it."
