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Brokers affiliated with Morgan Stanley then formed an LLC called "Chicago Parking Meters LLC" to facilitate a potential deal with the city over the sale of the meters. [4] By December 3, 2008, a deal was made to sell all 36,000 [5] [6] of the parking meter spots in the city for 75 years for $1.15 billion.
The High Cost of Free Parking begins with a discussion of the history of automobiles and parking and how vehicle ownership rates have steadily increased over time. Shoup argues that parking is a classic tragedy of the commons problem, wherein drivers compete over scarce public parking spaces and consume time and resources searching for them.
The property includes a party room, an underground parking garage that holds over 300 cars, a bicycle storage room, a laundromat, an indoor swimming pool and hot tub, outdoor wading pool, rooms with weight lifting and cardio equipment, saunas, and a racquetball court. Many of the building's amenities are not included in residents' monthly ...
111 South Wacker Drive is a high-rise office building located in Chicago, Illinois. Completed in 2005 and standing at 681 feet (208 m), the 51 story blue-glass structure is one of the tallest in the city. It sits on the site of the former U.S. Gypsum Building, one of the tallest buildings in Chicago to be demolished.
It is one of the tallest non-steel framed structures in the world—it is a cast-in-place concrete framed structure. This building was originally intended to be 650 ft (200 m) tall. But later, the ceiling heights were increased allowing it to reach 844 ft (257 m). The building occupies a footprint of 28,000 square feet (2,600 m 2).
At night, the top of the building facing east and west is flooded with light, creating a memorable presence on the Chicago skyline. The building was originally intended to have a twin at 181 N. Clark Street , but the plan has been dropped twice: initially, after the completion of the first tower, and then a second time in 2001 after the 9/11 ...
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35 East Wacker, also known as the Jewelers' Building, [5] is a 40-story 523 ft (159 m) historic building in the Loop community area of Chicago, Illinois, United States, located at the intersection of Wabash Avenue and East Wacker Drive, facing the Chicago River.