‘Tis the season for skyscrapers in Chicago, and not surprisingly, the greater Greektown/West Town area isn’t being left behind. The latest project in the works for the corner of Lake and Halsted is an enormous 58-story tower designed by Perkins Eastman Architects.
The project is the latest effort by the Related empire to shoulder in to the area west of the Loop. Since coming to town a few years ago, Related Midwest successfully built, or finished several high-profile downtown projects. And both the location and design of this tower should also impress. But according to the paperwork, it’s being put up by Related Midwest’s parent company, Related Companies, out of New York via LR Development, which the Wall Street Journal says it bought back in 2000.
The tower is slender — just 80 feet wide, and right up against the Kennedy Expressway for maximum visibility. A 2013 plan for a building about half the height for this location was going to deal with the narrow footprint by including a headline-grabbing automated parking facility in the base, eliminating the need to space-eating ramps.
The solution that Related came up with is far more conventional. It simply bought the land across the street, and will connect its tower via a multi-story bridge to a new parking garage on the south side of West Court Place. Ta da!
To date, Related has not announced what brand hotel will be in its new tower. But whatever it is, the intent is to let everyone know what it is. For the first time we can remember, the plans filed with the city for this tower include notions that the top of the building’s facade is reserved as a “Signage location.” Since City Hall has given up on Chicago’s previous four-decade stretch of branding modesty, expect this to pass unnoticed.
Last year, Crain’s Chicago Business reported that Related Midwest was in cahoots with the Equinox gym chain to put up an Equinox-branded hotel in this space. But that project was a mere 369 feet tall with just 145 hotel rooms and no residences.
Get your marshmallows ready, here’s the firehose:
- Address: 723 West Randolph Street
- Address: 121 North Halsted Street
- Address: 724 West Washington Street
- Developer: Randolph Halsted LLC
- For realsies: Related Companies
- Architecture firm: Perkins Eastman Architects
- Net site area: 51,680 square feet
- Floor Area Ratio: Base: 7.0 + 4.5 bonus
- Maximum height: 680 feet
- Floors: 58
- Hotel rooms: 165
- Residences: 370
- Affordable housing: 37 units off-site
- Automobile parking: 150 spaces
- Loading docks: 2
- Loading and parking access: via West Court Place
- Residential lobby: via the alley on the east side of the building.
- Hotel lobby: via the West Randolph Street service lanes