Looks great. Cant wait to go back when it is finished. Last time I was up on the observation deck- the week later the glass boxes started to crack and they closed it for a while.
Wow! I’ll be goddamned!
I’ve been to Chicago with my dad in 2009, and luckily, one week later since the opening of those glass-balconies. And of course, we visited the Willis Tower (or Sears, formerly)! It was great, and now, this project looks really great and nice!
I would like to visit the “Windy City” again, and see this project done as well. 
So when do we start seeing renovations?
Has this started yet?
last I heard the original lobby entrance has already been demolished.
Looks amazing
Sears Tower old construction Pics
https://www.instagram.com/historic_chicago/p/DEdnI9-MqAA/
https://www.instagram.com/historic_chicago/p/C7IVnefpQl0/
From Real Deal -
The value of Chicago’s tallest and most recognizable skyscraper has fallen 42 percent since 2018, bringing the appraisal well below its remaining loan balance, a private evaluation found.
The iconic Willis Tower office building was valued at $1.03 billion, or $229 per square foot, in a recent private appraisal according to CMBS loan monitoring service.
When New York-based real estate giant Blackstone last refinanced the 4.5 million-square-foot building in 2018, it was valued at $1.78 billion ($396 per square foot).
The appraisal, which was conducted during loan extension negotiations earlier this year, also noted that the building could regain value in the next two years. The appraisal projected that it could reach a value of $1.2 billion by 2027. It cites recent renovations and new tenants as signs that the property is headed in a better direction. The Skydeck, a tourist attraction on the 103rd floor that leans into its connection to “Ferris Bueller’s Day Off,” has become a key source of revenue for the property.
The property brought in over $113 million in net cash flow last year, up from about $43 million in 2020.
With this knowledge, special servicer KeyBank approved an extension of the loan’s maturity date in March from 2025 to 2028 with two additional one year extension options. Blackstone did not have to pay anything toward the balance at the time of the extension and was able to maintain the same interest rate structure it had agreed to during its last refinancing in 2018.
The landlord will, however, have to contribute $25 million in equity for each of the one-year extensions after 2028, a loan report issued to bondholders states.