Two Downtown Chicago Hotel Developments Up For Approval This Week
May16

Two Downtown Chicago Hotel Developments Up For Approval This Week

You can’t spell “hotel” without the word “hot,” and that describes downtown Chicago’s hospitality market.  From office building conversions to new construction, it seems like every developer with a dollar and a dream is eager to put a mint on your pillow. Two downtown hotel projects go before the Chicago Plan Commission this Thursday morning.  One highly anticipated.  The other… flying under...

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Wanda Vista Tower Begins in 3… 2… 1… Now!
May11

Wanda Vista Tower Begins in 3… 2… 1… Now!

The most anticipated Chicago skyscraper in half a decade is about to go from paperwork and promises to concrete and steel.  Soil sampling trucks have begun work at 375 East Wacker drive, tasting the muddy loam where both legs of the supertower will be planted so it can straddle North Field Boulevard. Loop Spy Jon was the one who spanked our Tip Line with the good news.  You can see his photos above and below where the 95-story tower...

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The Price of Progress on South Financial
May11

The Price of Progress on South Financial

The other day friend-of-the-blog Joe Zekas of YoChicago! just happened to be on the roof of a South Loop residential tower (that’s how he rolls) and sent over a beautiful photograph of the Chicago skyline and all of its lovely lovely skyscrapers.  But what caught our attention was the tiny little diggers and lifters toward the bottom of the picture, earnestly churning through the mud to build 801 South Financial Place. The new...

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Developer Trying to Squeeze One More Hotel In Along the Chicago River
May10

Developer Trying to Squeeze One More Hotel In Along the Chicago River

Think Chicago’s hotel boom is done booming? Think again. Mr. River North himself, Albert Freidman, held a community meeting last night to showcase his latest proposal: a 395 foot hotel at 330 North Clark Street, adjacent to his Reid Murdoch building. If constructed, the development will consist of 500 hotel rooms, 85,000 square feet of office space, and ground level retail. Most notably, Friedman’s proposal seeks to modify the Reid...

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The Park is Dead, Long Live Bennett Park
May09

The Park is Dead, Long Live Bennett Park

There’s not a lot of green space in Streeterville, and these days there’s a little less of it.  That’s because the park that once existed on the block bounded by East Grand Avenue, North Peshtigo Court, East Illinois Street, and North McClurg Court is no more. Construction crews have completely scraped the park from the roof of the parking garage it once concealed, as you can see in the photos above and below from...

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Work to Resume at Stalled Michigan Avenue Hotel Conversion
May09

Work to Resume at Stalled Michigan Avenue Hotel Conversion

The transformation of the North Michigan Avenue corridor between the Chicago River and Millennium Park is about to get kicked up a notch.  Long-stalled work on the building at 168 North Michigan Avenue is expected to resume soon. A trio of dead permits have been reinstated allowing construction crews to fix the exterior terra cotta on the 12 (should be 16) story building.  Right now the building’s exterior is a pockmarked mess...

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Mayor Promises Billion-Dollar Wanda Vista Tower Coming Very Soon
May02

Mayor Promises Billion-Dollar Wanda Vista Tower Coming Very Soon

The most anticipated skyscraper in Chicago, since the ill-fated Fordham Spire failed to achieve orbit, is about to take off.  Or so promises Mayor Rahm Emanuel. In a statement today, Hizzonor told the world that the start of construction is just around the corner on the 95-story, 1,186-foot-tall supertower to be located at 375 East Wacker Drive in Lakeshore East.  The building’s designer is local starchitect Jeanne Gang, with...

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The Wait is Over — Old Saint Pat’s Tower Going Up on Spec
May02

The Wait is Over — Old Saint Pat’s Tower Going Up on Spec

It’s been four years since the city gave its blessing to White Oak Realty Partners and CA Ventures to start construction on 625 West Adams Street, colloquially known as the Old Saint Pat’s Tower.  Now there’s a report that dirt may finally move next month. Crain’s Chicago Business reports that the developers have decided not to wait any longer to fill the building with leases before beginning construction....

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Hotel Planned for Oriental Theater Building Has a Name
May02

Hotel Planned for Oriental Theater Building Has a Name

We told you last December that developer John Murphy teamed up with Choice Hotels and Suites to convert the tower portion of the Oriental Theater Building (32 West Randolph Street) into a Cambria Hotel & Suites (though it appears to be news to some).  Now we’re learning a little more about the plan. Back in December we told you the project appeared to be a “go,” with financing already lined up for the conversion....

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It’s Full Steam Ahead for 215 West Lake
May02

It’s Full Steam Ahead for 215 West Lake

After a bit of light demolition, some foundation work, a tower crane, and a few levels of core poured, construction crews have been given the green light to build the bulk of the new residential skyscraper being slotted in at 215 West Lake Street.  The permit came in a couple of days ago: Permit issued for new construction FULL BUILDING PHASE: ERECT 33 STORY (132 EFFICIENCY UNITS, 133 DWELLING UNITS) 152 PARKING SPACES. (FOUNDATION...

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