Big investments soon to see fruition as groundbreaking gets set to begin.
93-Story Vista to Become City’s Third Tallest
Vista Tower, a 93-story, 1,186-ft.-tall skyscraper designed by Chicago’s Jeanne Gang, will become Chicago’s third-tallest building (second tallest in terms of roof height), Curbed Chicago reported. In May, groundbreaking was imminent, with construction expected to take approximately four years. A project of Magellan Development Group and Dalian Wanda Group of China, the building is set to contain a Wanda hotel on floors one through 12 with condominiums, priced starting at US$1 million, above. There will be just over 400 residential units in all, and the development will include new connections to the Chicago Riverwalk, Wacker Drive and the Lakeshore East neighborhoods.
Second of Three Towers Set to Break Ground
The second of the three-tower Wolf Point project is set to break ground in the first quarter of 2017 where the Chicago River’s north and south branches meet, Curbed Chicago reported. The Kennedy family and Hines Investments of Houston are building the 750-ft.-tall residential skyscraper, designed by Pelli Clarke Pelli, on the eastern portion of the property in downtown Chicago. A 493-ft.-tall residential tower has already been built to the west, and a 950-ft.-tall mixed-use tower is planned to the south.