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For the housing slump isn't isn't stopping one developer from building the tallest skyscraper in the western world and get this all the units.
Every one of them residential kicking off our.
Opportunity America my hometown series Sandra Smith -- -- her hometown of the windy city of Chicago with a special guest hi Sandra.
Yet Tom that skyline that beautiful skyline in Chicago that we all know and love all these that I don't love -- here my hometown.
We'll -- be changing and actually we're about to see in between a couple of buildings there.
But 1 of the -- am building which is once the tallest building in Chicago and one under construction to the right.
That be a completely different site that will be the -- of this buyer it'll be a 150.
Anybody who lived there all presidential as you said we'll give it to get their unit and 32 point five seconds left in the back out haters and there.
And right now I've got actually the owner of that project Garrett -- he's shoveling development executive chairman.
You -- a project you're overseeing this thing going up.
Could be is expected to be the tallest building in the western world once it's completed.
-- little bit about it and what that would.
What do you see why Chicago.
-- Chicago Chicago is the moment and architecture -- to Mecca or.
All architectural students and that this site as -- -- -- the best sites because it does it's building it's it's at the apex.
Right where the Chicago river meets that Michigan an unobstructed views everywhere it's just wonderful opportunity and and real estate is -- location.
Location location and one -- a look at.
And we don't every single day here without reading bad headlines about the housing market.
You're putting up the tallest building the world with a penthouse that forty million dollars in the cheapest unit 750000.
You're already selling units what are you seeing as far as interest here -- -- The -- has been tremendous we've we've commenced in the fifteen -- in Chicago we've had a world tour we've we've -- rolled project in China Singapore the gulf Europe.
And within four months we sold over 30% of the units.
We've sold more than 50% of the condominiums have been sold in downtown Chicago person of the year -- its its.
It's a unique project.
It's an incredible architect that's where the -- it's a very unique things piece of architecture that will never be surpassed.
So I gotta tell you we just stood out here on this in the same money and -- interviewed an Olympic silver medalist.
-- -- hearing you saying this is the place for the 2016 Summer Olympics.
I'm curious from your standpoint.
You have the tallest building and it's expected to be completed 12012.
-- -- impact if they win the bid for this Olympics next year they're voting on it.
What's the impact do you think you could see -- you know -- -- in residential residents residential real estate here in Chicago.
But it does a lot of synergy between the two projects him in -- subtracting it is up to attracted international global attention to Chicago and it's been the most widely covered published in the world.
Chicago way I think are quietly confident about their lending the Olympics I mean there's very stiff competition.
We have all the -- in the resources here and then a huge support from the city itself and the general population which I think is very very important.
Well regardless has been -- wonderful city.
Felons and -- there's -- -- puzzling though we're on guys I mean really spectacular could really change the look and feel at Chicago as a whole but.
Pretty interesting that they're not having so much trouble selling right now and by the way that building you -- how we started this shot.
It's gonna be twice that size 70% bigger actually that's.
That area as that's the latest from Chicago I -- out -- about here all right pretty impressive Sandra Smith in her hometown of Chicago thanks Sandra.
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