Transactions - OCTOBER 12, 2017

Two developers propose four new towers in Chicago

by Andrea Waitrovich

In separate projects, two developers have filed for approval to build four towers in Chicago.

JDL Development has plans to propose to build two new towers — a 76-story tower and 45-story tower rising from a nine-story shopping center in the parking near the Holy Name Cathedral.

The $700 million proposed project is called One Chicago Square. The development would include up to 914 new high-rise homes, 200,000 square feet of retail, 45,000 square feet of office space and 659 parking spaces.

At 1,011 feet, the taller of the two proposed towers would be nearly as tall as the 1,127-foot John Hancock Center.

Upon completion, according to Curbed Chicago, the taller tower would be one of eight supertalls in Chicago and the city's sixth-tallest building.

The project could start next fall and be completed by 2021 or 2022, according to media reports.

Also, Related Midwest filed plans for two residential towers in the Fulton Market, one 51 stories and the other 58 stories. The buildings would be the tallest in the Fulton Market District.

Reated Midwest wants to build the 58-story high-rise on Randolph Street, west of the Kennedy Expressway. And a couple of blocks away, Related and a partner, Highland Park–based Tucker Development, want to build the 51-story building with 300 residential units and 220 parking spaces.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy