A location where a grotty brick pile once hulked in The Loop will soon become a shiny new skyscraper, according to the Chicago Tribune. Mr. Tribb reports that Sterling Bay and Magellan Development plan to break ground next month on a 47-story mixed use tower at 300 North Michigan Avenue.
We’ve been telling you about pending skyscraper plans for this location since 2017. The building previously at 300 was originally a warehouse for storing alcohol unloaded from ships on the Chicago River. In more recent decades, it was offices up top and utility retail down below, but was torn down last year. Now the plan from Sterling Bay and Magellan Development is to put 289 apartments on top, parking down below, and a hotel in the middle of a bKL-designed building.
The meat of this sandwich is the first Chicago outlet of CitizenM, the oddly capitalized hotel chain from The Netherlands, which has also landed in New York, Boston, and Seattle. The Chicago edition is expected to have 280 rooms.