![]() There is probably many times more parking spaces per store along Michigan Ave than there is along North Ave. ![]() Sure it's no Armitage Ave, but aside from half a dozen medium sized parking lots and streets that really need a complete reconstruction (haven't been improved from their industrial state), it's not really that bad. State.I don't really get why people think this area is that anti-urban. The seller was the Johnson family, publisher of Ebony and Jet magazines, whose offices are next door.īarr's company also plans two other condo towers in that neighborhood, 40 stories at 1000 S. Renaissant acquired the property in April, paying $13 million, according to Cook County records. We need to keep creating ours so it looks dynamic," O'Neill said. "Chicago, Hong Kong and New York are the great skylines of the world. Bob O'Neill, president of the Grant Park Advisory Council, said the tall and thin trend produces attractive buildings that block less sunlight. One community leader who has seen the plans had unreserved praise. Prices should range from about $325,000 to penthouses worth more than $2 million, Carroll said. Unless major objections surface, Renaissant then would submit its zoning application to the City Council.Ĭarroll said he hopes construction can start in the third quarter of 2007, with unit delivery in late 2009. Renaissant is due to present its plans at a community meeting Thursday at Jones College Prep, 606 S. At about 850 feet, it would rank as the ninth tallest among the city's buildings that are current or under construction, between the Two Prudential Plaza and AT&T Corporate Center office buildings. Michigan building, to be marketed as Park Michigan, would be Chicago's tallest south of Van Buren. It's taller and sleeker than the developers originally proposed because city officials pushed them to provide an architectural landmark for the south end of Grant Park. The best example of that process is the 62-story One Museum Park building under construction at the southwest corner of Roosevelt and Columbus, another Pappageorge design. The building's slender profile fits a preference city officials have shown for tall and thin buildings.Ĭity Hall's most vocal proponent of that approach is Samuel Assefa, Mayor Daley's deputy chief of staff for economic development, and it has been echoed in the zoning reviews of the planning department. Madeline Haithcock, whose 2nd Ward includes the South Loop, have expressed preliminary support for the project. The architecture is by Chicago firm Pappageorge/Haymes Ltd.Ĭarroll said the city's planning department and Ald. He also said a specialty grocer is negotiating for space in the Wabash building. The old eight-story YWCA will be gutted for an upscale restaurant and a spa, Carroll said. Another aim, he said, is to attract commercial tenants to a neighborhood where they have been slow to arrive. James Carroll, chief financial officer for Renaissant, said the project will tap demand for condos that have guaranteed views of Grant Park and Lake Michigan. Also part of the plan is construction of a 10-story building immediately west on Wabash. Warren Barr and his Renaissant Development Group are responsible for the estimated $200 million project, which calls for construction of 376 residential condominiums. It would be built behind a 19th century YWCA to be preserved for the sake of the historic Michigan Avenue streetwall's appearance. Tall and thin is in for downtown building proposals, and the latest one to reflect that would create a visual highlight for the south edge of Chicago’s skyline.ĭevelopers and architects are completing plans for an 80-story building at 830 S. this one has been rumored about for some time, but it looks like it might be on it's way toward becoming a reality.īY DAVID ROEDER Business Reporter Advertisement Here's our first published news of another big one in chicago.
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