A Look at the Plans for the Tribune Tower Redevelopment
Apr23

A Look at the Plans for the Tribune Tower Redevelopment

In a matter of weeks, the Tribune Tower will become just another chapter in the  Chicago Tribune’s proud 171 year history, as parent company Tronc uproots Chicagoland’s paper of record from its home of nearly a century. With the Trib decamps for Prudential Plaza across the river, Los Angelino developer CIM Group can begin work turning the beloved landmark into 163 swishy condominiums for Chicagoans with thicker wallets...

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Gasp-Worthy Proposal Unveiled for Chicago’s Second-Tallest Skyscraper
Apr16

Gasp-Worthy Proposal Unveiled for Chicago’s Second-Tallest Skyscraper

As the kids say these days: “Oh. My. God.” That was the reaction — positive and negative — to the proposed new skyscraper unveiled tonight at a public meeting at the Sheraton Grand Chicago. Development duo CIM Group and Golub & Co. pulled the sheet off of a stunning new skyscraper proposal that, at 1,422 feet, would be the second-tallest building in Chicago.  It’s planned for the surface parking lot behind the...

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We’ll Soon See Michigan Avenue’s Huge New Skyscraper
Apr09

We’ll Soon See Michigan Avenue’s Huge New Skyscraper

Remember a few months ago when Alderman Reilly knocked over a pot of beans about the new skyscraper coming to Michigan Avenue?  Back then, all we knew was that the planned building could be as much as 1,388 feet tall, making it the third-tallest in Chicago.  And at the time, we put together a graphic illustrating what a skyscraper that tall might look like rising out of the Tribune Tower’s parking lot: We also predicted that the...

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Tribune’s Love-Hate Relationship With Itself Lands Trib Tower In Court
Apr09

Tribune’s Love-Hate Relationship With Itself Lands Trib Tower In Court

One of the truisms of life is that wherever there is a real estate developer, there’s a lawyer.  Lawyers and real estate go together like Han Solo and Chewbacca.  Like peanut butter and kids with peanut allergies.  Like politicians and sacks of money with dollar signs written on them. If you thought the sale of Tribune Tower (435 North Michigan Avenue) to CIM Group was going to go through without drama, then you don’t know...

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Old Buildings On The Way Out in Old Town
Feb26

Old Buildings On The Way Out in Old Town

Last week we told you that sales are now underway at Fifteen Fifty on the Park (1550 North Clark Street), the vintage-inspired building that will cap Clark Street in Old Town.  Just days later, the city issued demolition permits for the buildings that are in the way. What’s going away is an unremarkable one-story diner, and an even less interesting two-story retail building.  But it’s the first sign that dirt is getting...

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Sales Start at Vintage-Looking New Building in Old Town
Feb19

Sales Start at Vintage-Looking New Building in Old Town

The building that will save the Village Theater while killing a neighborhood diner is looking for residents. Fifteen Fifty on the Park will occupy the southwest corner of North Avenue and Clark Street in Old Town. The building, designed by the Gold Coast’s SCB, features a classic look to blend in with the other buildings fronting this portion of Lincoln Park.  In some ways, it is reminiscent of 15 East Oak, the Barneys New York...

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Massive New Michigan Ave Tower Uncovered and What It Might Look Like
Jan25

Massive New Michigan Ave Tower Uncovered and What It Might Look Like

We’ve known for a long time that CIM Group has big plans for the surface parking lot behind the Tribune Tower. But we didn’t know they were this big. The Los Angeles developer which bought the Trib building in 2016 with plans to convert the gothic skyscraper into residences so exclusive the internet hasn’t come up with a word for it yet, wants to put up Chicago’s third-tallest building, right at the foot of the...

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With a New Owner, Proposed North & Clark High Rise Being Revised by SCB
May04

With a New Owner, Proposed North & Clark High Rise Being Revised by SCB

The southwest corner of North Clark Street and West North Avenue is one of those places in Chicago with so much potential, and so little accomplished.  But that is expected to change in the near future. Los Angeles-based CIM Group, Chicago’s Golub and Company, and Avoda Group have bought the project, most recently the site of a diner, to build a high-rise luxury residential tower currently known as 1550 North Clark. You may...

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SCB’s Chamfers on Michigan Ready to Tuck In
Apr10

SCB’s Chamfers on Michigan Ready to Tuck In

One of the more interesting skyscraper designs proposed for the South Loop in recent years is about to become reality. The City of Chicago has issued the first construction permits for 1326 South Michigan. DIRECT DEVELOPER SERVICES. ERECT 47-STORY, 500 UNIT, MULTI-FAMILY RESIDENTIAL BUILDING–FOUNDATIONS ONLY You’ll remember this is the Solomon Cordwell Buenz-designed tower that combines a setback near the top of the...

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Former Chicago Spire Site Gets an Architect
Sep07

Former Chicago Spire Site Gets an Architect

We don’t do a lot of news about architects moving from one firm to another.  If we did, we wouldn’t have time for anything else. But some moves are bigger than the Iron Mountain box used to transport a favorite T-square, bobblehead hula girl, and “Architects do it with models” coffee mug from one office to the next.  They signal change coming. Such is the case with Michael Pfeffer.  Crain’s Chicago...

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