Chicago-Based Designer, Teaming with Lendlease, Hanwha, Plans to Build Skyscrapers Ranging from 40 to 80 Stories Near Chicago River and Lake Michigan Waterfront
Parcel O will include more than 1,200 residential units and hotel rooms at 195 N. Columbus Drive. Chicago-based Magellan Development Group, home builder of Vista Tower, anticipated to be Chicago’s third-tallest high-rise building when it opens in 2020, has revealed prepare for 4 brand-new high-rises anchored by an 80-story hotel and condominium building rising over the downtown waterfront in Magellan’s Lakeshore East advancement.
Magellan, working with development partners Lendlease and Hanwha Engineering & & Building and construction of South Korea, revealed plans and renderings for the job at a public meeting hosted by 42nd Ward Chicago Alderman Brendan Reilly and the New Eastside Association of Local community group at the Hyatt Regency on Monday.
The 4 buildings developed by bKL Architecture will largely fill the last remaining parcels in Lakeshore East, a 28-acre district zoned for nearly 5,000 housing systems, 1,500 hotel rooms and up to 700,000 square feet of retail.
Rendering by bKl Architecture of towers J and I.
Three towers, of 80, 50 and 40 stories would be built by Magellan and Lendlease on land in between Harbor and Lake Shore drives. Magellan and Hanwha are also proposing Building O, a 60-story tower at Columbia Drive near Aqua Tower with 640 houses and 569 hotel spaces.
Downtown Chicago is experiencing it most noticable structure boom because the 1980s. Of the 43 high-rise tasks under advancement in Chicago, 10 are valued at $1 billion or more.
Magellan, which has actually completed eight skyscrapers in the $4 billion Lakeshore East over the last years, began with Chinese partner Wanda Group in 2015 on the 94-story Vista Tower condominium and hotel task slated for conclusion in 2020.
Magellan prepares to submit a lakefront development application to the Chicago Preparation Commission for the 4 more current planned buildings. If authorized by the commission and the Chicago City board, the brand-new phase of work in Lakeshore East could start operate in 2018.