NBN Online for the week of May 21, 2007

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In This Issue:

Front Page
Builders Call for Major Overhaul of Immigration Bill
FHA Reform Would Help Head Off Subprime Foreclosures
National Membership Day: More Prizes Than Ever Before
$2 Million Just Released: Apply Now for ‘Buy Now’ Ad Grants
Layouts for Living
Floor Plans: A Lease With a Commanding View, Chicago-Style
Coast to Coast
Bright Spots: Why Some Homes Are Able to Inspire Bidding Wars in a Slow Market
Economics & Finance
April Housing Permits at Slowest Pace in a Decade
Subprime Mortgage Concerns Undermine Builder Confidence
Bernanke Sees Limited Spillover From Subprime Woes
Non-Profits Sending Delinquent Home Owners to the Lender
Loss Mitigation Helping to Limit Subprime Loan Foreclosures
Useful Links to Monitor Economic and Housing Trends
Tips
Builders’ Tip: Fast and Accurate Countertop Scribing
Construction Safety
Toolbox Talk: Hammer Home Nail Gun Safety
50Plus Housing
Futurist Sees Old and Young Straining the Middle-Aged
Sales
Millennium Homes: Color Helps Buyers Zero in on Home
Multifamily
Rental Households Surge, Rents Near Record High
Condo Market Shows Some Signs of Bottoming Out
Remodelers
Bathroom Improvements Can Save Water and Energy
Building Systems
Concrete Technologies Tour Highlights Industry Trends
Custom
Register for Custom Builder Symposium in Naples, Fla.
Commercial
Are Project Manuals Necessary for Small Projects?
NCBC 2008 Awards of Excellence Open for Entries
Business Management
New Resource for Suppliers, Manufacturers, Contractors
Education
Education Calendar
Green Building
Mandates Would Disrupt Green Market, NAHB Tells Congress
Miller Unveils Second Zero-Energy Home in Tucson
NAHB Housing Center Gets Third Energy Star Designation
Codes and Standards
Fire Sprinkler Mandate Among Proposed ICC Code Changes
Labor
HBI Training Supports Gulf Coast Rebuilding Efforts
Building Products
Off-the-Shelf Stair Balustrade Needs Only Seven Saw Cuts
TV
NAHB-Produced Programs on HGTV and DIY This Week
Endowment
Tampa Builder Jim Shimberg, Sr. Named Citizen of the Year
Presidio Homes Honored for Providing Hurricane Relief
Association News
Free NAHB ‘Homeownership Month’ Kit Available Online
Spring Board Meeting Set for June 5-10
Save 30% on Biz Forms and Checks
Drive Away With a Shiny New $500 GM Offer
Postal Rate Increase Now in Effect. Are You Prepared?
NAHB Career Center: For a True Competitive Edge
Willams Scotsman: First-Month Storage Container Deals
Calendar of Events
NAHB Career Center

Related Articles

Builders Call for Major Overhaul of Immigration Bill

FHA Reform Would Help Head Off Subprime Foreclosures

National Membership Day: More Prizes Than Ever Before

$2 Million Just Released: Apply Now for ‘Buy Now’ Ad Grants

Floor Plans: A Lease With a Commanding View, Chicago-Style


Project:
  Sky55

Developer:
  Forest City Residential

Think “Chicago-style,” and deep-dish pizza, “Da Bears” or the rough and raucous days of Al Capone and the Untouchables come to mind.

In the hands of Cleveland-based developer Forest City Residential and its Sky55 project, however, Chicago-style conjures up a whole different image — one of architecture inspired by modern city life, of curved glass, floor-to-ceiling windows and sweeping, panoramic views as high as 40 stories above Chicago’s Lake Michigan shoreline.

 

 

The view from above — through Sky55's signature floor-to-ceiling, curved-glass windows.

The fabulous views come complete with full-time concierge services, of course, and luxurious amenities like a rooftop pool; flexible, work-from-home office capabilities; a cardio center; even dog walking and car detailing.

The Chicago twist is that the views and services don’t command a premium, they come with a lease.

 

 

The outdoor terrace and fireplace.

Targeting Bookends

The Sky55 rental market is skewed towards the 18 to 24 and the 55+ age “bookends” — those transitioning into new stages of life, either into the workforce or out of the workforce — while wanting to enjoy city living, most for the first time.

 

 

Gourmet kitchen with stainless steel appliances and granite counterop.

Living on the Edge of the Action

The paradox is that while these “bookends” want to be in the mix and hubbub of city life, they also want to be able to retreat to a safe haven above the fray. Sky55 was created to give its residents the comfortable buffer they seek while also providing them ready access to the city’s excitement.

 

 

Hotel-like details in the master bath.

Built on the site of the Chicago’s famed Central Station, the heart of the Illinois Central Railway, and five minutes from such Chicago attractions as the Navy Pier, North Avenue Beach, Lincoln Park Zoo, Chicago Shakespeare Theater and Museum of Contemporary Art, residents can cocoon amidst gourmet kitchens, Italian stone fireplaces, hardwood floors and bedrooms and baths that serve as sanctuaries from the bustle of Chicago life.

Sky55 earned the Best High-Rise Apartment (nine-plus stories) in NAHB’s Pillars of the Industry design competition.

 

 

The fitness/cardio center.

 

 

 

Click for larger image.

Features and Specifications

Community and Amenities:

  • 80-acre infill development; 502 units in two for-lease buildings

    • 411 units in a 40-story luxury tower; 326 market-rate units, 85 affordable units
    • 91 units in mid-rise building for seniors  

  • Curved exterior glass in 40-story tower

  • Rooftop garden

  • Pool

  • Hot tub

  • Sundeck

  • Fitness/cardio center

  • Concierge services

  • Pet services

  • Car detailing services

  • Wi-Fi wireless service

  • Library and conference room with projection capabilities


Market-Rate Units:

  • Hardwood floors

  • Italian stone fireplaces

  • Gourmet kitchens with granite countertops, stainless steel appliances

  • Hotel-like fixtures such as framed mirrors and wall sconces


Developed by Forest City Residential, Cleveland


 

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