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over/under on when Roger Penske enters the chat: 7/1
Give me the under.
What’s disheartening is that the same developer is trying to get the Kimpton Hotel downtown built also. Their original announcement said “early 2020” but the website now just says 2020 and a recent story in IBJ called that project “stalled” also.
I am not a structural steel engineer, but the iron sitting out in the weather for a year has to be a concern of accelerated oxidation and deterioration.
Loftus-Robinson owes money on other projects as well. They haven’t paid their subcontractors for work done in the J.F. Wild building that they own either. I don’t see any way that they aren’t about to go under. Their principles will not return calls and their employees have been instructed to not discuss anything.