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.
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.