CMK and LendLease Divorce, Cut Riverline Baby in Two

A couple of companies building a neighborhood in the South Loop apparently don’t remember their Old Testament, because River North’s CMK and Australia’s LendLease are going their separate ways, and slicing their baby in two.

Dating someone overseas is always tough.

Here's a handy image showing who gets what in this divorce. You may remember this scene from Hebrew School. Or not. (Base image via Perkins+Will)

Here’s a handy image showing who gets what in this divorce. You may remember this scene from Hebrew School. Or not. (Base image via Perkins+Will) Click to embiggen. Which officially became a word last week.

The Chicago Tribune has the scoopage. Even though both sides are talking, neither is airing its dirty laundry.  After all, both have done successful smaller projects together. And there’s no point turning one’s nose up at a fat check, even if it is from an ex.

Both sides say they’re committed to finishing the Riverline project, though only the portion south of 9th Street will bear that name.  That’s the slice of the cake that CMK will work on solo.  LendLease is going to have to think of a new name for its bit on the north end, between Harrison and Polk.  We suggest Solomon City.

LendLease’s portion is the larger of the two and Loop-adjacent. But CMK’s is across the street from The Roosevelt Collection and a block from Target.  So it’s hard to say who got the fuzzy end of the lollipop here.

Both sides are free to deviate from the master plan that Perkins+Will put together for them, except for 720 South Wells, in the LendLease side of things.  That 29-story apartment building is already well underway and expected to be complete in a few months.

 

 

 

Editor

Author: Editor

Editor founded the Chicago Architecture Blog in 2003, after a long career in journalism. He can be reached at chicagoarchitectureinfo@gmail.com.

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1 Comment

  1. Here’s a guess.
    Consider what’s been started: LendLease’s part.
    Will they get loans to finish? Probably, even after the divorce.
    So you gotta wonder why CMK left. The existing part of the baby is LL’s, and CMK has a few acres of undeveloped land. To me, it looks bad for them. Or maybe LL got cold feet, and wanted to limit their “exposure.”

    Maybe somebody in some bank somewhere concluded that the South Loop might be getting just a tiny bit overbuilt, and wanted to reduce their “exposure.”

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