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chris08876 Oct 2, 2016 8:08 PM

Just some extra info:


The developers behind the multi-tower Wolf Point complex are planning to launch the construction of a 66-story apartment tower in early 2017 – the second of three planned towers on the riverside site near Merchandise Mart.

Wolf Point East will be a 750-foot (229-meter) tower with 707 luxury apartments, according to the AFL-CIO Building Investment Trust, an investor in the first two phases of the development.

According to a report from April, the tower's developers, in a venture led by Hines Interests and Joseph P. Kennedy Enterprises, planned to break ground on the second tower in the first quarter of 2017. At the time, specific details of the project were not disclosed.

Initially, the second tower was intended to include a mix of office and residential space, but with apartment demand soaring, the developers opted instead to have the entire 66-story building be residential.

The venture capitalist, which invests in real estate on behalf of union workers' pension and retirement plans, did not say how much it is investing in the second tower. The trust made a $34 million equity investment in the 48-story Wolf Point West apartment tower, which it said cost $160 million. The 509-unit tower was completed earlier in 2016.

The $360 million eastern tower, designed by Pelli Clarke Pelli Architects, will include 40,000 square feet (3,700 square meters) of amenities, 198 parking spaces, and 3,000 square feet (280 square meters) of ground-floor retail, according to a recent statement by the backer. It is expected to be completed by December 2019.

“Wolf Point East will not only be another beautiful addition to Chicago's skyline, but it shows what can be done when labor invests in itself,” said AFL-CIO Building Investment Trust President Mike Stotz.

With underzoning obtained for the three-tower development, the final tower at the southern tip of the Wolf Point site could be as tall as 950 feet (290 meters).

Tom Servo Oct 4, 2016 5:28 AM

This. :tup:

BVictor1 Oct 4, 2016 11:20 PM

BVictor1 Oct 4, 2016 11:30 PM

Hackery has run amuck when it comes to aldermanic leadership.

No vision at all.....

J_M_Tungsten Oct 4, 2016 11:57 PM

^Is that about the above? That looks really nice. Looks like a thinner 150 N minus the structural core base.

BVictor1 Oct 5, 2016 12:06 AM


Originally Posted by J_M_Tungsten (Post 7583708)
^Is that about the above? That looks really nice. Looks like a thinner 150 N minus the structural core base.

It's also about the fact that the tower is less dense and 100' shorter.

Notyrview Oct 5, 2016 12:32 AM

omfg another fucking height reduction wtff

munchymunch Oct 5, 2016 12:39 AM


Originally Posted by BVictor1 (Post 7583714)
It's also about the fact that the tower is less dense and 100' shorter.

Then make the south tower 100 feet taller, and edit: no spire actually.

Edit: Also WTF


The original plan also called for a café/restaurant at the Riverwalk level on East portion of site. While the proposed tower includes the café/restaurant at plaza level of East Tower making it more accessible to the public and serves more as a neighborhood amenity

Tom Servo Oct 5, 2016 1:07 AM


Originally Posted by BVictor1 (Post 7583681)

Wow. That's cool.

Why can't this be the standard for all our tall buildings?

Notyrview Oct 5, 2016 1:31 AM

I think that at least in this case the bar is being raised by bkl. if WPW were by SCB there's no way we'd being seeing such a good revision of WPE.

BVictor1 Oct 5, 2016 4:33 AM

Steely, can you change the floor count to it's pathetic new number too please?

I think there's a mezzanine or two.

denizen467 Oct 5, 2016 4:43 AM


Originally Posted by Tom Servo (Post 7583761)
Wow. That's cool.

Why can't this be the standard for all our tall buildings?

I think a lot of this is driven by the tightness of the site and view corridors required for the sister towers. Unfortunately that dynamic doesn't come into play so much on an ordinary block.

Skyguy_7 Oct 5, 2016 2:26 PM

Sad about the height chop too, but its narrow E-W profile will still make for a good aesthetic. I'm just now seeing its resemblance to 111 W Wacker, though when comparing the two, 111 will appear rather juvenile. Well done, Pelli.

Zapatan Oct 5, 2016 4:00 PM

I know we're all height freaks here but I think 675' might actually fit into the area better since there are so many neighboring building in the ~750' range. A little variation is better than a plateau. At least the tallest still looks to be 950+

SolarWind Oct 6, 2016 5:30 AM

October 4, 2016

SamInTheLoop Oct 25, 2016 5:29 PM

Walsh now has this listed for subcontractor bids being taken in a couple weeks.......

LouisVanDerWright Oct 25, 2016 7:37 PM

Well I guess they are serious. The apt boom continues.

SamInTheLoop Oct 28, 2016 10:02 PM

East Tower posting is up on McHugh's site as well now.....

Skyguy_7 Oct 31, 2016 4:20 PM

^Wow, typical jaw-dropping shit, Nick!

Hey mods, as stated earlier, bid drawings are out for WPE, and elevation is 663'-6".

It's a beauty of a tower and is so reminiscent of 150 N Riverside. I love that they're in the same vicinity.

SamInTheLoop Mar 8, 2017 3:56 PM

Great to hear WPE is on track for groundbreaking in a couple months....really looking forward to this one!

Arranging debt construction financing for downtown apartment projects has certainly gotten much more challenging than it was 2-3 years ago, but there are certainly at least a handful of developers that are going to be able to pull it off still this year.....

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