Chicago List of Skyscrapers U/C, Proposed, and Approved

[ChiSkyline]

Good to see Chicago have a great boom! I hope they all get built but my heart is going to: The Chicago Old Main Post Office and the Wolf Point. Such amazing towers.

[desertpunk]

I'll sticky this thread for now as a place to post new high rise and skyscraper announcements.

[desertpunk]

Fifield Plans Taller Building In The West Loop

Faced with a crowded field of developers looking to launch downtown's next office towers, developer Steve Fifield has decided to go up.

Mr. Fifield now plans to build as high as 75 stories, with up to 1.4 million square feet, on adjacent West Loop sites. Previously he pitched pitching a pair of 20-story, 490,000-square-foot structures at 601 and 625 W. Monroe St.

“Several tenants we've talked to are more interested in the larger building,” Mr. Fifield said. “If you can't fight them, join them. The idea is to go from doing medium-sized buildings with no architectural significance to a landmark-type building.”

t is a departure from Mr. Fifield's past. Although he has been on a run of apartment towers in Chicago and Los Angeles in recent years, he has put up dozens of office buildings in the West Loop and in the suburbs, most between 300,000 and 500,000 square feet. His largest was a 30-story, 645,170-square-foot tower at 200 N. LaSalle St. completed in 1984.

Mr. Fifield's thinking has evolved because of input from potential office tenants and intense competition from other developers. A recent Crain's Chicago Business case study identified more than 8.1 million square feet of proposed new office buildings downtown, far more than current demand. Proposed towers range from 350,000 to 1.2 million square feet.

[...]
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[desertpunk]

Newcastle Plans 35 Story Tower Near Loyola Campus


Curbed

Newcastle Ltd. plans to build a 35-story, 367-unit apartment tower in the Gold Coast, aiming to capitalize on the scorching downtown rental market.

Newcastle Senior Vice President Peter Tortorello confirmed the Chicago-based investment firm's plan, adding that Newcastle expects to buy the parcel at the southeast corner of State and Chestnut streets from Loyola University Chicago next year and break ground by the third quarter of 2013.

Mr. Tortorello declined to say how much Newcastle has agreed to pay for the land. Proceeds from the sale will help Loyola fund construction of a 10-story, $63 million business school building immediately south of Newcastle's tower. “Chestnut is close to Michigan Avenue, close to the lake, close to all the institutions and River North,” he said. “It appeals to a wide variety of potential renters.”

The skyscraper would offer a mixture of studio units and one- and two-bedroom apartments, 185 parking slots, an amenity floor and 3,200 square feet of street-level retail space, he said.

[...]
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[Yellow Fever]

nice update of the new development.

[desertpunk]

Venture Seeks 23-Story Office Tower for Wells & Randolph


Curbed

Local developer J. Paul Beitler is teaming with Next Realty, owner of the parking garage at 200 W Randolph, to promote a mid-size office tower that would supplant said garage. The proposal, while beefy enough, doesn't get swept up in a pissing contest for biggest and best (for that try River Point and Wolf Point). Twenty-three stories and 400,000 square feet are sought...

[desertpunk]

Northwestern's scaled back tower is taking shape


http://chicago.curbed.com/archives/2...ter-update.php


http://blog.chicagoarchitecture.info...daylight-time/

[desertpunk]

New West Loop Office Tower Project Seeks Riverfront Access

In the race to start Chicago's next generation of office towers, veteran developer John O'Donnell is stuck in pit row, at least when it comes to selling downtown Ald. Brendan Reilly on his planned West Loop high-rise.

Mr. O'Donnell wants to build a 1.2 million-square-foot office building on a prime parcel at 150 N. Riverside Plaza. But Ald. Reilly (42nd) has yet to sign off on Mr. O'Donnell's plan, saying he wants it to include a ground-level park where the public can walk along the Chicago River. “That has yet to come to fruition,” said Mr. Reilly, noting that outdoor areas proposed so far are elevated, where they would be easily accessible to office tenants but not the general public.

Mr. O'Donnell has abandoned his request for a $20 million tax-increment financing subsidy from the city, Mr. Reilly said. Instead, the developer is asking the city to hand over an adjacent parcel the city believes is worth $4 million to $5 million — a piece of land Mr. O'Donnell would need, along with air rights over Amtrak rails, to cobble together enough contiguous land to support a skyscraper. “If they're looking for that kind of public freebie, there has to be a public benefit,” Mr. Reilly said. “What does the public get?”

The alderman's position complicates Mr. O'Donnell's efforts to develop the site and could potentially put him at a disadvantage as he courts big office tenants to anchor his proposed tower. Developers have proposed about a dozen new downtown office buildings, many more than the market can currently support, so the competition to land an anchor tenant is especially fierce. A significant delay because of negotiations with the city could prove costly. “We're aware of the alderman's concerns and have been working with his office to address them,” said Mr. O'Donnell, who declined to comment further.

Mr. Reilly also has moved to terminate the city's existing development plan for the site, meaning it will revert back to its existing zoning. But it's likely that Mr. O'Donnell still could build a big office tower under the original zoning. Mr. Reilly described the move as nothing more than a procedural step, so “we start with a clean palette.”

Mr. O'Donnell, a former executive at the John Buck Co., bought the site from developer Michael Reschke for $12.5 million in December 2011.

[...]
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[desertpunk]

Optima Chicago Center Update:

[desertpunk]

Former ParkView East Condo Development Site on Lake Shore Drive Foreclosed

CHICAGO-A parcel that was to be the site of a condominium tower has been acquired via foreclosure by a Tokyo-based firm who has now put the property on the market for sale.

MS & AD Insurance Group Holdings Inc. was the winning bidder at $19.9 million for a 22,300-square-foot parcel in Streeterville along Peshtigo Court, between Grand Avenue and Illinois Street, according to an online docket of Judicial Sales Corp. The property owner was developer Dan McLean, who had planned to build a 45 story condominium development at the site, according to Crain’s Chicago Business.

The MS & AD group filed a $40-million foreclosure suit against a McLean affiliate, alleging the affiliate defaulted on a loan that matured in December 2011. McLean had hired Jones Lang LaSalle Inc. to sell the site in 2011, and MS & AD has recently retained Jones Lang to market the property.

http://**************/parkview-east-...-around/21297/

Very auspicious for other foreclosed parcels including the Spire site!

[desertpunk]

Wacker Drive parcels put up for sale


311 S.Wacker

By: Ryan OriApril 08, 2013

Two Wacker Drive development parcels have been put up for sale just as the office tower they surround heads to market. Oak Brook-based InSite Real Estate LLC has hired the Chicago office of HFF Inc. to market the properties on either side of the 65-story tower at 311 S. Wacker Drive, InSite Managing Director Gerald Kostelny confirmed.

The sites at 301 and 321 S. Wacker have about 86,000 square feet combined, or nearly two acres. Mr. Kostelny declined to name an asking price and said he hired HFF after receiving unsolicited offers for the land. “We've had some people who have been interested and have approached us, so we've put some information together,” Mr. Kostelny said. “That's the extent of it to this point.”

While at Dallas-based Lincoln Property Co., Mr. Kostelny developed the nearly 1.3-million-square-foot tower, which was completed in 1990. Since then, Mr. Kostelny's InSite has made three runs at constructing a tower at 301 S. Wacker but has been unable to line up the tenants or financing to kick it off. He faces a competitive environment, with a dozen other office developers chasing anchor tenants for proposed downtown towers.

Mr. Kostelny confirmed his most recent development agreement, with Dallas-based Trammel Crow Co., has expired. While testing the market for the land from developers of office, hotel or residential projects, Mr. Kostelny also said he's exploring new partnerships to launch a skyscraper there. “That's really our first choice,” Mr. Kostelny said of forming a new development partnership. “But given the fact that 311 is on the market, people have asked about the site. We're comfortable in our position, and if we have to hold it for a while we'll hold it for a while.”

ACQUIRED SITES IN '90s

Mr. Kostelny acquired the sites for $1 million during the real estate crash in the early 1990s, considerably less than they're worth today. He has about $16.5 million in debt on the properties that matures in November, according to Cook County records. The parcels are zoned for about 2.8 million square feet of space combined. At $35 per buildable square foot, they would be worth about $98 million.

It's possible the sites could interest the buyer of 311 S. Wacker, currently owned by a San Francisco-based venture of Shorenstein Properties LLC and Fremont Realty Capital L.P., either as a defensive move to control what is built around it or to add adjacent buildings. The venture has hired New York-based Eastdil Secured LLC, which will begin formally marketing the tower within the next week, according to sources.

[...]
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[desertpunk]

AMLI enters the homestretch:

Originally Posted by harryc

Bare concrete - for now


Pool deck takes shape


453 N Clark - AMLI

[desertpunk]

111 W.Wacker rises above old grade cement:

Originally Posted by harryc

April 2


April 4


April 4

111 W Wacker Lower

111 W Wacker Core

111 W Wacker Related

[desertpunk]

435 N.Park gets busy

Originally Posted by harryc

Optima topping out in the background.

April 4

More of the mysterious blue things - tanks to let the rainwater soak into the ground ?


Flying forms - these will be lifted intact from floor to floor.






465 N Park - Site prep to today

[desertpunk]

Hubbard Place gets toppy:

Originally Posted by harryc

4/2 fro Michigan Ave.


4/3 From the Clinton sta. on the Green (and Pink) line.


4/4 From State st.


4/5 S side of Quincy bridge


4/5 frm Lake st


4/5

[desertpunk]

73 East Lake takes shape:

Originally Posted by harryc

Maximize the view


Structural meets aesthetic - why wouldn't this beam tie into the column ?




Po0king up.

[desertpunk]

Optima Center reaches the summit:

Originally Posted by harryc

April 4


April 4


April 2

Optima from start to now

[HomrQT]

Great run desertpunk, Chicago is growing!!!

[desertpunk]

Originally Posted by HomrQT

Great run desertpunk, Chicago is growing!!!

Let the Chicago doubters now dine:

[netgeek77]

Wow, I didn't know there was so much going on in Chicago. Thanks.