The northwest corner of Michigan Avenue and Wacker Place has never been very much. In fact, its glory days were probably before there was a Chicago, when it was the reedy home to minnows, snails, and the occasional soggy moccasin lost in the mud.
Now it looks like the old brick warehouse-turned-office/retail building that squats on that corner today will make way for a 523-foot tall skyscraper designed three blocks away by bKL Architecture.
The Chicago Plan Commission approved the commission of this plan in Chicago at a recent meeting, allowing Sterling Bay and Magellan Development to put up a 47-story tower that will feature 280 hotel rooms, and 290 apartments.
This nook of The Loop is a hotel magnet. There are seven hotels within one block of this parcel; and three of them opened in the last five years. More may be in store, as developers are thinking about debuting additional hotels on adjacent blocks for the throngs of tourists eager to see Chicago without wearing their feet out.