The headline read 6-tower project planned, and the story began:

A Chicago-based developer intends to build a $750 million residential project near downtown that it said will have enough scope and variety to be a new neighborhood.

Fifield Cos. is set Thursday to unveil finalized plans for a community called K Station that would link the West Loop and River North districts. It would include six residential towers with 2,451 luxury apartments, parking for 2,000 vehicles and 40,000 square feet of retail space, plus a Jewel/Osco supermarket.

[T]he 27 percent decline in the sale of new housing, including converted condominiums, through the third quarter of 2006 means that some potential buyers are likely to rent until they are sure the market is rebounding.

If the housing market does spring back in coming years, one or two of the K Station towers might be developed as condominiums. There is reason to speculate, given the surge of new downtown residents in recent years.

So much for that speculation.

Comments ( 4 )

  • C’mon Joe – speculation breeds press releases and nice renderings. look at Wolf Point and all the excitement.

  • STARCHY,

    Why aren’t you satisfied with polluting Curbed with your juvenile sarcasm and knowledge-free comments?

    If your last 4 comments here are any indication, I’d strongly suggest you move on to a more hospitable environment.

    I try to preserve this as an environment where people come for information, not for fourth-rate snark.

  • STARCHY,

    You’re a know-nothing troll who is not welcome here. This is a place to share information and informed opinion.

    Putting you into our spam filter where you belong.

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