Yet Another Huge West Loop Tower Proposed – Will This One Actually Be Built?
Sep09

Yet Another Huge West Loop Tower Proposed – Will This One Actually Be Built?

Real estate developers in Chicago are an unusually tight-lipped bunch.  So it was refreshing to read that Sterling Bay Managing Director Andy Gloor was overcome by the gift of gab during an event at the Standard Club sponsored by Crain’s Chicago Business. Mr. Gloor told the audience about his company’s plan for a 958-foot-tall office tower for the Union Station area.  If completed, it would become...

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Chicago’s 93-Story Vista Tower Breaks Ground
Sep07

Chicago’s 93-Story Vista Tower Breaks Ground

With lucky red shovels in hand, friends, financiers, politicians, developers, and architects held a ceremonial groundbreaking today for the Vista Tower at 363 East Wacker Drive. Perched on the grassy bit behind The Tides, the gathered dignitaries and international press could see work already well underway in the dirt patches on either side of North Field Boulevard.  The 93-story building being developed by China’s Wanda Group...

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Former Chicago Spire Site Gets an Architect
Sep07

Former Chicago Spire Site Gets an Architect

We don’t do a lot of news about architects moving from one firm to another.  If we did, we wouldn’t have time for anything else. But some moves are bigger than the Iron Mountain box used to transport a favorite T-square, bobblehead hula girl, and “Architects do it with models” coffee mug from one office to the next.  They signal change coming. Such is the case with Michael Pfeffer.  Crain’s Chicago...

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Another South Loop Residential Tower Opens For Business
Sep07

Another South Loop Residential Tower Opens For Business

A few days ago, CIM Group, based in Los Angeles, made headlines around the world when it splashed out $240 million to buy Chicago’s storied Tribune Tower. In all the noise about the Streeterville purchase, another CIM announcement got lost in the hullabaloo. Specifically, that the new residential tower at 1001 South State Street is now open for business. It was co-developed by CIM Group of Chicago’s Golub & Company,...

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While Trib Tower Redevelopers Salivate, Alderman Urges Caution
Sep06

While Trib Tower Redevelopers Salivate, Alderman Urges Caution

In any city as old and complex as Chicago, there are bound to be quirks of history that affect modern day development. The protected cattle path through the heart of the Loop is one example we’ve told you about over the years. Another is the view corridor in Streeterville. We last reviewed this municipal oddity in June of 2015 when we were explaining to you why the new skyscraper coming to 465 North Park Drive is situated where...

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A Whiff of Construction No. 9
Sep01

A Whiff of Construction No. 9

It’s Thursday, and time to check in again with the progress being made at No. 9 Walton, the building that Hartshorne Plunkard Architecture designed for JDL Development at 9 West Walton Street. The Gold Coast tower is quietly rising next to its sister property and block-mate, Walton on the Park at 2 West Delaware Place. Though “quietly” may not be the word you would use if you live nearby, like Gold Coast Spy Tim who...

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8 East Huron in at the Ground Floor
Aug31

8 East Huron in at the Ground Floor

The latest high-rise to loom over Holy Name Cathedral in Chicago’s Gold Coast is getting its foundation these days. 8 East Huron is a Valerio Dewalt Train Associates design for CA Ventures and Harlem Irving Companies. When complete, it will be 26 stories tall, with 102 apartments, 2,700 square feet of retail space, and 31 parking spaces even though it’s, quite literally, on top of the CTA Red Line. But then again...

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Tribune Tower Sold to L.A.’s CIM Group
Aug30

Tribune Tower Sold to L.A.’s CIM Group

For half a decade, locals and industry insiders have been watching the formerly mighty Tribune media empire crack, collapse, and dissolve away like the Antarctic ice shelf.  Today a massive glacier calved off the Tribune Tower in downtown Chicago, floating it over to CIM Group for $240 million in cash money. So, what becomes of the Tribune Tower?  Lots.  CIM isn’t one of those companies that buys a property if it doesn’t...

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It’s a Race to the Top on Wells Street
Aug30

It’s a Race to the Top on Wells Street

If you love a good construction site, then Wells Street is the place to be. We’ve shown you this area before, back when it was just foundations on either side of North Wells Street between Erie and Ontario. Now that 167 West Erie and its neighbor across the street, 640 North Wells are both well on their way toward completion, it makes for a much more compelling scene, captured by Joe Zekas of YoChicago!. 167 is a 39-story...

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Chestnut Place Cracks Retail on State Street
Aug30

Chestnut Place Cracks Retail on State Street

One of the most difficult balancing acts in urban planning is retail versus residential. More people means more retail can thrive. But too much retail means retail failure, and less of an incentive for people to arrive. It’s the cycle of life. Well, all those new residential developments in the Gold Coast and Near North neighborhoods must mean great things for the submarket’s retail desirability, because even old buildings...

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