However, no dirt will move at the southeast corner of Wacker andMonroe Street until some signatures are obtained from lead tenantstaking significant chunks of space, Buck Co. principal Drew Niemantells the Friends of Downtown group recently. "We will not do it ona speculative basis," Nieman says. "It's either 40% to 50%pre-leased, or we wait."
That may require some patience given the softening of officesubmarkets, including the West Loop, in the recession. However,Buck Co. is prepared to wait a few years.
"We believe in this market," Nieman says. "But we need to knowin the next few months. Companies have to make their decisions forthe future – 15, 20 years down the line."
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