Posts tagged with "related midwest":

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Former Calatrava Spire site in Chicago will hold two SOM-designed skyscrapers

In a generous and surprising nod to the Chicago School of Architecture, David Childs with Skidmore, Owings & Merrill has designed two sister towers in terracotta and glass for the former site of the Chicago Spire. Announced Tuesday night at a community meeting by developer Related Midwest, renderings for the development show two towers rippling upwards, set upon a masonry base resembling a rectangular photo carousel. Taking inspiration from some of the cities’ most significant buildings, Childs has covered the towers in a familiar architectural form–the Chicago Window–with setbacks allowing for pivot after pivot of the form in various multiples as the building reaches higher. Glazed terracotta became a way for turn-of-the-20th-century Chicago architects like Louis Sullivan, Daniel Burnham and William Le Baron Jenney to craft ornament that could be designed to exact specifications and made hollow, allowing them to decorate the tops of buildings. Topping off at 1,100 feet, the south tower will be constructed adjacent to the riverwalk and will offer 300 condominiums and a 175-key hotel. The north tower will offer 550 apartments and will be aligned with the Ogden slip, at 850 feet tall. A shared podium will provide pedestrian and vehicular accesses for both towers. Parking will be delivered via four underground levels. In addition to luxury offerings, Related Midwest has committed to realize the completion of a long-awaited public park on a rectangular piece of vacant land, separated by Lake Shore Drive. The creation of DuSable Park will honor the legacy of Chicago’s founder, Jean-Baptiste Pointe DuSable, and realize the vision of Mayor Harold Washington for public space atop what was once a site contaminated with thorium from the manufacture of incandescent gaslight mantles. Plans for the development, currently known as 400 North Lake Shore Drive, do not specify how the construction will address what remains of the Chicago Spire, a 78-foot-deep, 104-foot-wide underground cofferdam that sits below what will be the south tower. Construction of the towers is anticipated to take four and a half years.
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David Childs of SOM to design two skyscrapers for former Chicago Spire site

Developer Related Midwest has announced plans to construct two skyscrapers on the former site of the Chicago Spire, with Skidmore, Owings & Merrill’s David Childs at the design helm. While renderings for the project have yet to be released, the Chicago Tribune reports that the site calls for two multi-functioning towers, each clad in glass with setbacks that taper towards the sky. Currently known only by its address, 400 North Lake Shore Drive, the project details are to be unveiled by Related Midwest on Tuesday at 7 pm during a community forum hosted by the Streeterville Organization of Active Residents at the Sheridan Grand Chicago. Thus far, the plans call for an 850-foot tower at the northern edge of the site along the Ogden Slip, and a 1,000-foot tower located at the southern edge of the site. The shorter tower will house apartments, with the taller tower to include condominiums and hotel rooms. Both towers will be located on a podium with building amenities. The high rises will take up more space on the site than the Chicago Spire originally called for. Along with the plan for the Spire site, Related Midwest has provisionally agreed to fund a portion of the construction of DuSable Park, a rectangular 3.3-acre parcel of land east of Lake Shore Drive. First dedicated as open space by Mayor Harold Washington in the 1980s, Related Midwest has not indicated if or how the park will relate to the towers. Most notably, Related Midwest has not specified how the construction will address what remains of the defunct Chicago Spire, now a 78-foot-deep, 104-foot-wide cofferdam over a decade old, the beginnings of a 2,000-foot unicorn horn shaped supertall building designed by Santiago Calatrava. If constructed as planned, the Spire would have been the tallest structure in the country. Related Midwest recently released renderings for a 62-acre Near South Side development they are calling "The 78," a serious of mixed-use, multi-phase structures built atop the largest undeveloped piece of land along the Chicago River. David Childs, a consulting partner in the SOM New York Office, is best known for designing One World Trade Center. Other work by Childs includes 7 World Trade Center, The Times Square Tower, and the U.S. Embassy in Ottawa.
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SOM-designed library and public housing complex to break ground in Chicago

The SOM-designed Roosevelt Square library branch in Chicago has received its first construction permit, despite community opposition to the six stories of housing that will also be built on the site. A public-private collaboration between the Chicago Housing Authority, Chicago Public Libraries and developer Related Midwest, the Roosevelt Square project is the third and final of these combined library-housing developments to be permitted. Following the West Ridge and Irving Park branches, Roosevelt Square will feature a 17,000-square-foot, single-story library topped by six stories of residential units. The tower section will contain 37 public housing units, 29 affordable units, and seven market rate apartments. Development at the site, at 1342 West Taylor Street in Little Italy, has faced pushback from community organizations that have taken issue with the project’s size and impact on neighborhood tax revenue. Most recently, the Little Italy Chicago Neighborhood Association had sought to file a restraining order to head off the library’s construction, but those efforts seem to have fallen through. SOM and Related claim that they’ve taken community feedback into consideration and have reconfigured the building accordingly. The street-level library portion facing Taylor Street was redesigned to include cascading setbacks that would make the building appear shorter, while the residential section has been shunted to the back of the lot. A community garden has been planned for the lot behind the library, as well as a parking lot with 26 spots. While the library entrance will open with a triple-height atrium and feature an accessible green roof, the residential building has been separated programmatically to reduce noise. But the building has a homogenous visual language across both sections, clad mostly in glass and vertical wood paneling that descends from the concrete overhangs covering the length of the building. Perkins+Will's Ralph Johnson will be designing the West Ridge library, which will showcase exposed V-shaped columns and a corrugated metal cladding, while the Irving Park library will be designed by John Ronan and emphasize its extruded windows. The Roosevelt Square development will cost an estimated $36.1 million, and is expected to open the winter of 2018.
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Related Midwest reportedly makes plans to develop Chicago Spire site

Chicago development powerhouse Related Midwest has hired former SOM architect Michael Pfeffer to head the development of the failed Santiago Calatrava Spire site, as reported by Crain’s Chicago. As vice president of architecture, Pfeffer will also lead the development of an epic 62-acre vacant site along the Chicago River in the city’s South Loop. Originally proposed in 2005, the Chicago Spire was set to be the tallest building in the western hemisphere. The 150-story, 2,000-foot-tall residential tower was to rise over Lake Shore Drive and the Chicago River, near Navy Pier. The initial design was unanimously approved by the Chicago Planning Commission and construction was started in June 2007. Early financial problems and the 2008 financial crisis proved insurmountable for the project, which stopped construction by the end of 2008. As the failed project's largest creditor, Related Midwest was given ownership of the property in 2014. The site has laid vacant since 2008, leaving a circular foundation hole as the only evidence of the once highly anticipated tower. For the 2010 Chicago Prize Competition entitled MIND THE GAP, hosted by the Chicago Architecture Club, architects were asked to imagine novel uses for the 76-foot deep hole. Since then other architects have speculatively engaged with the site with proposals ranging from more twisting towers to giant urban swimming pools. The announcement of Pfeffer’s new role at Related is the first concrete indication that something might be happening at the site soon. According to Crain’s, designs for the Spire site and the 62-acre South Loop site could be released in 2017. The 62-acre site in the South Loop has also made headlines in recent years due to legal debates over money and ownership. The land's former owner is currently serving a prison sentence for fraud unrelated to the land. The site defines the western edge of the booming, residential development-dominated South Loop. With easy access to the downtown by road, as well as by water taxi, the area around the site is quickly being developed. Related Midwest is responsible for developing many of Chicago’s most visible recent projects, including the mixed-income Lathrop Homes redevelopment, the Robert A.M. Stern-designed One Bennett Park tower, and the 500 Lake Shore Drive tower.
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Developers tap Perkins + Will principal to help redevelop site adjacent to Bertrand Goldberg’s River City

Plans for 2,700 new homes along the Chicago River have some neighbors and realtors calling a long-vacant lot near the Willis Tower by a new name. “River South” refers to a few sites, among them: a 7.3-acre riverside parcel between Harrison Street and the River City condo complex designed by Bertrand Goldberg. As Crain's Chicago Business reports, that's where developers CMK and Lend Lease are planning five towers with nearly 2,700 residential units, anchored by a 47-story building with 626 units. The developers tapped Perkins + Will principal Ralph Johnson to draft a master plan for the area. Whether or not the River South moniker sticks, the area has generated renewed interest from real estate watchers. Two other Chicago developers, D2 Realty and Phoenix Development Partners, have previously hinted at a large, mixed-use development on a 1.6 acre-parcel nearby. According to Crain's, developer Related Midwest is in talks to develop another 62-acre property at Roosevelt Road and the Chicago River.
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Eavesdrop> From architectural zombie to cash cow: Stalled Chicago development site pays off big

  Most developers did some serious belt-tightening during the recession, but news of a record-breaking real estate deal from late last year proves it sometimes pays to take a little risk. Related Midwest bought the concrete podium of an aborted development at Chicago's 111 West Wacker Drive in 2011, after plans for a Shangri-La hotel there went up in smoke. Chicago-based real estate investment firm Heitman reportedly paid roughly $333 million for the luxury rental building Related finished last summer, OneEleven. That’s about $661,000 per unit—a new high for a downtown apartment sale. This high-rise zombie lives, and it’s apparently very lucrative.
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UPDATE: Related wrests control of Chicago Spire site from Garrett Kelleher

spire UPDATE [3:00 P.M.]: Related now has control of the Spire site, after embattled developer Garrett Kelleher transferred the deed Monday night. Related withdrew their claim in U.S. Bankruptcy Court following the transfer, reported the Chicago Tribune. They haven't released plans for development or sale of the notorious site, but President Curt Bailey issued this statement:
We are pleased to have resolution on 400 N. Lake Shore Drive, the site of the former Chicago Spire project.  We recognize the importance of this site to the City of Chicago and look forward to creating an architecturally significant and thoughtful development befitting this premier location. We are proud to have a long track-record of developing landmark buildings with world-class architects like 840 N. Lake Shore Drive, 500 N. Lake Shore Drive, Park Tower, 340 on the Park and most recently, 111 W. Wacker Drive.  We look forward to continuing that legacy on this marquee site.
-- Halloween came and went last Friday, and with it so may have developer Garrett Kelleher's chance at reviving the Chicago Spire, an ambitious supertall project that faltered during the recession and left an empty cofferdam at 400 North Lake Shore Drive. Under the terms of an earlier settlement in bankruptcy court, Kelleher's company, Shelbourne North Water Street, was required to make a payment to Related Midwest by midnight Saturday. When it did not receive the payment, Related promptly filed papers with U.S. Bankruptcy Court in Chicago to wrest control of the prime real estate from Kelleher. Last year Related moved to buy the dormant project's mounting debt, but part of Related's development team later sued Kelleher for more than $95 million in guarantees for the project. Kelleher surprised many observers in February by offering bullish statements to the media and stirring rumors of a second chance for the Santiago Calatrava–designed skyscraper. Friday's missing payment undercuts those claims. As the Chicago Tribune's Mary Ellen Podmolik reported:
Related, arguing that Shelbourne breached an already approved settlement and the confirmed bankruptcy plan by not making a payment or handing over the deed, wants U.S. Bankruptcy Court Judge Janet Baer to order Shelbourne to relinquish the deed to the 2.2-acre site.
It looks increasingly unlikely that the Spire will rise again. Under Related's control, however, the downtown location could see some sort of development—if not the audacious starchitecture for which it was intended. A court hearing on the motion is scheduled for the morning of November 4.
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Stalled Wacker Drive Development Breaks Ground Once More

For years Chicago’s celebrated architectural boat tour has started its journey at 111 W. Wacker, a 28-story symbol of the great recession and stalled real estate development. Now they are one step closer to a launch more fit for neck-craning. Construction workers broke ground Thursday on the dormant project once again, reviving the high-rise once intended as the first Shangri-La Hotel in the United States. The 950,000-square-foot Waterview Tower will reach 60 stories when completed in the Spring of 2014, housing 504 luxury rental units and more than 400 parking spaces. There will be ground-floor retail and a restaurant. The tower stalled in 2008 and developers Related Midwest scooped it up in July 2011 through a distressed real estate fund. Related has been busy lately, announcing work on projects including 500 North Lake Shore Drive, the Lathrop Homes, and roughly half of the built and unsold condo units in the South Loop. Alderman Brendan Reilly and Commissioner Andrew Mooney of the Chicago Department of Housing and Economic Development joined Related President Curt Bailey for the groundbreaking. Construction will create 900 jobs, something union representative Tom Villanova said came as welcome news to construction workers who had been facing 25 percent unemployment.