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  #1  
Old Posted Jun 26, 2006, 2:39 PM
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Cool CHICAGO | Park Michigan | 866 FT / 264 M | 80 FLOORS | 2008 | NEVER BUILT

here's our first published news of another big one in chicago. this one has been rumored about for some time, but it looks like it might be on it's way toward becoming a reality.






http://www.suntimes.com/output/busin...dos26_fin.html
South Loop skyline looks up

June 26, 2006

BY DAVID ROEDER Business Reporter Advertisement

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.

Developers and architects are completing plans for an 80-story building at 830 S. Michigan. It would be built behind a 19th century YWCA to be preserved for the sake of the historic Michigan Avenue streetwall's appearance.

Warren Barr and his Renaissant Development Group are responsible for the estimated $200 million project, which calls for construction of 376 residential condominiums. Also part of the plan is construction of a 10-story building immediately west on Wabash.

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. Another aim, he said, is to attract commercial tenants to a neighborhood where they have been slow to arrive.

The old eight-story YWCA will be gutted for an upscale restaurant and a spa, Carroll said. He also said a specialty grocer is negotiating for space in the Wabash building. The architecture is by Chicago firm Pappageorge/Haymes Ltd.

Carroll said the city's planning department and Ald. Madeline Haithcock, whose 2nd Ward includes the South Loop, have expressed preliminary support for the project. The building's slender profile fits a preference city officials have shown for tall and thin buildings.

City 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. 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.

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 830 S. Michigan building, to be marketed as Park Michigan, would be Chicago's tallest south of Van Buren. 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.

Renaissant is due to present its plans at a community meeting Thursday at Jones College Prep, 606 S. State. The meeting starts at 6:30 p.m. Unless major objections surface, Renaissant then would submit its zoning application to the City Council.

Carroll said he hopes construction can start in the third quarter of 2007, with unit delivery in late 2009. The pace will depend on pre-sales. Prices should range from about $325,000 to penthouses worth more than $2 million, Carroll said.

One community leader who has seen the plans had unreserved praise. Bob O'Neill, president of the Grant Park Advisory Council, said the tall and thin trend produces attractive buildings that block less sunlight. "Chicago, Hong Kong and New York are the great skylines of the world. We need to keep creating ours so it looks dynamic," O'Neill said.

Renaissant acquired the property in April, paying $13 million, according to Cook County records. The seller was the Johnson family, publisher of Ebony and Jet magazines, whose offices are next door.

Barr's company also plans two other condo towers in that neighborhood, 40 stories at 1000 S. Michigan and 19 stories at 1255 S. State.
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Last edited by Steely Dan; Jul 6, 2006 at 11:36 PM.
     
     
  #2  
Old Posted Jun 26, 2006, 2:59 PM
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Here's what I said in the Boom Rundown forum.

This kicks ass. Preservation + tall tower + decent retail. Let's send Sam Assefa some flowers. Seriously.


Quote:
Originally Posted by Steely Dan
The 830 S. Michigan building, to be marketed as Park Michigan, would be Chicago's tallest south of Van Buren. 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.[/B]
The above is incorrect. The building would be tied for 11th tallest, by these criteria, and provided other things don't start first.

Last edited by honte; Jun 27, 2006 at 2:28 PM.
     
     
  #3  
Old Posted Jun 26, 2006, 3:05 PM
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Quote:
Originally Posted by Steely Dan


... and Ald. Madeline Haithcock, whose 2nd Ward includes the South Loop, have expressed preliminary support for the project.


Correct me if I'm wrong, but didn't she intially oppose this project? She must have gotten strong-armed by Daley.

     
     
  #4  
Old Posted Jun 26, 2006, 3:14 PM
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Ah, so this is the 'just announced' 80 story building from yesterday's AP Chicago skyscraper article.

It'll be nice to see renderings of this, and a new skyline rendering showing this, OMP and the Columbian.
     
     
  #5  
Old Posted Jun 26, 2006, 3:38 PM
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This thing has a chance to leave a huge mark as well as be a catalyst for a new cluster. A 21st century JHC of the southside.

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  #6  
Old Posted Jun 26, 2006, 3:41 PM
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^^ STR's models really show how important this one would be in framing the south portion of the skyline. Can you do a with and without in the same post to really give us an idea.

The urban streetwall will be breathtaking from grant and millen. park in 2010.
     
     
  #7  
Old Posted Jun 26, 2006, 4:22 PM
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This will definitely be an important marker for that side of the skyline. I can't wait to see some renderings - remember from before, "thin is in"
     
     
  #8  
Old Posted Jun 26, 2006, 4:26 PM
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$200 million sounds awfully low. I'm trying to get renderings now. If I can't get them I will just have to snap pictures of the presentation boards.
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  #9  
Old Posted Jun 26, 2006, 5:00 PM
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Quote:
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.
That's promising.
     
     
  #10  
Old Posted Jun 26, 2006, 8:23 PM
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CLTV just showed a small black and white rendering of the building(east elevation). Couldn't see much detail but it looks pretty good. Definately tall and thin. They usually replay the stories every half hour so they might show it again.
     
     
  #11  
Old Posted Jun 26, 2006, 8:33 PM
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^ i've heard rumors that it vaguely resembles a slimmer, slighty shorter version of philly's comcast center, which is currently under construction. from what you were able to see, is there any truth to that?
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  #12  
Old Posted Jun 26, 2006, 9:09 PM
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I swear I just came in here to hope that STR would soon put up a model, even if it were just a black box, and lo and behold there it is
     
     
  #13  
Old Posted Jun 26, 2006, 10:18 PM
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Quote:
Originally Posted by windyDC
CLTV just showed a small black and white rendering of the building(east elevation). Couldn't see much detail but it looks pretty good. Definately tall and thin. They usually replay the stories every half hour so they might show it again.
I have a rendering that I will post later. I have to convert it first
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  #14  
Old Posted Jun 26, 2006, 10:22 PM
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I'll wait for that one
     
     
  #15  
Old Posted Jun 27, 2006, 12:52 AM
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Quote:
^ i've heard rumors that it vaguely resembles a slimmer, slighty shorter version of philly's comcast center, which is currently under construction. from what you were able to see, is there any truth to that?
That comparison didn't come to mind but now that you mention it I could see some vague similarities in the overall form. This definately looks thinner. But it was only up for maybe 10-15 seconds and it was small. We will get a much better idea when BVic posts the rendering.
     
     
  #16  
Old Posted Jun 27, 2006, 1:09 AM
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very cool to see this get underway... hopefully this will really help increase pedestrian traffic and activity in the south loop... even michigan avenue gets pretty sparse south of congress. those south loop colleges help quite a bit, though.

the tower itself will also help "bring in" the museum campus skyline and link it somewhat with the actual Loop skyline... hopefully other towers sprout around 830 south michigan, ala JHC and Sears when they were built.
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  #17  
Old Posted Jun 27, 2006, 3:43 AM
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What I have so far... I've seen better, more beautiful renderings of this tower, and I will do my best to obtain them.



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  #18  
Old Posted Jun 27, 2006, 3:47 AM
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Waterview like.

I am in love.
     
     
  #19  
Old Posted Jun 27, 2006, 3:50 AM
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Looks really tall from there. Thanks a lot!

BTW, where'd that second picture come from? It's very impressive.
     
     
  #20  
Old Posted Jun 27, 2006, 3:52 AM
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That is Bueno!
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