Originally Posted by
Huggybear
I think you would find that despite the architectural cache, Lafayette Towers were cheaply constructed and not well maintained over the past 50 years. For as much as people want to complain about rents in Lafayette Park, they're not high enough yet to attract the capital needed to bring places like this into the 21st century [[stating with the massively energy-inefficient original exterior glass panes that make up 85%+ of the exterior of the two buildings). And if we have learned one thing about the Gilbert acquisitions, it is that the organization specializes in distressed properties that are functional without major work [[unless, of course, the major work is required to make the property "cool," like the Federal Reserve Building that now unintentionally looks like Skeletor).
HB