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Old Posted Dec 14, 2017, 1:20 AM
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http://www.chicagotribune.com/busine...213-story.html

Plan for 80-story tower, two others in Lakeshore East hits roadblock

Ryan OriContact Reporter
Chicago Tribune
December 13, 2017

Quote:
An ambitious plan for three residential high-rises near Lake Michigan, including one that would soar 80 stories, has been shot down by the city’s downtown alderman.

Chicago-based Magellan Development Group and its development partner, Australia’s Lendlease, now must make significant changes to the design to resuscitate plans for the three towers, which would house a combined 1,400 condominiums and apartments.

In an email sent Wednesday to constituents, 42nd Ward Ald. Brendan Reilly wrote that “the project is rejected and will not move forward in its current form.”

Reilly’s decision is a big setback, but not necessarily a death knell, for the next phase of Magellan’s 28-acre Lakeshore East development near the lake and Millennium Park. There are already eight residential high-rises in Lakeshore East.

“The project is stalled until we address the concerns the neighborhood has,” said Magellan’s president, David Carlins. “The alderman delivered us a message that we have a lot of hard work to do, and we’re going to roll up our sleeves and address the concerns.”
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