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  #1  
Old Posted May 9, 2007, 10:37 AM
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CHICAGO | 375 East Wacker (Arquitectonica Tower) | 840 FT / 256 M | 76 FLOORS | PRO

http://www.chicagotribune.com/busine...i-business-utl





INSIDE COMMERCIAL REAL ESTATE
Unique opening planned for Lakeshore East mixed-use building

BY SUSAN DIESENHOUSE
Published May 9, 2007


A $400-million, 76-story mixed-use tower is being planned for Lakeshore East by Magellan Development LLC.

The striking design by Miami-based Arquitectonica features a 20-story opening through the building's midsection. The tower, which will rise at 375 E. Wacker Dr., has two intersecting components programmed to house a five-star hotel with 224 suites, as many as 671 condominiums and six stories of underground parking.

The sale of condominiums, priced from $500,000 to about $3 million, will start in August. By mid-2008, construction will get under way. The first residents are expected to move in two years later, said Jim Loewenberg, co-chief executive of Magellan.

So far at Lakeshore East, seven buildings with about 2,500 residential units have been built or are in construction. In total, the developer might put up 16 major buildings with about 5,000 units, Loewenberg said.
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Last edited by i_am_hydrogen; Dec 15, 2008 at 6:21 PM.
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  #2  
Old Posted May 9, 2007, 10:46 AM
Kngkyle Kngkyle is offline
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Quote:
Originally Posted by BVictor1 View Post
http://www.chicagotribune.com/busine...i-business-utl


INSIDE COMMERCIAL REAL ESTATE
Unique opening planned for Lakeshore East mixed-use building

BY SUSAN DIESENHOUSE
Published May 9, 2007


A $400-million, 76-story mixed-use tower is being planned for Lakeshore East by Magellan Development LLC.

The striking design by Miami-based Arquitectonica features a 20-story opening through the building's midsection. The tower, which will rise at 375 E. Wacker Dr., has two intersecting components programmed to house a five-star hotel with 224 suites, as many as 671 condominiums and six stories of underground parking.

The sale of condominiums, priced from $500,000 to about $3 million, will start in August. By mid-2008, construction will get under way. The first residents are expected to move in two years later, said Jim Loewenberg, co-chief executive of Magellan.

So far at Lakeshore East, seven buildings with about 2,500 residential units have been built or are in construction. In total, the developer might put up 16 major buildings with about 5,000 units, Loewenberg said.
That could look amazing or it could look horrible. But it will certainly be interesting. Can't wait to see the design. Magellan must know now after the huge success of Aqua that unique designs sell great.

Last edited by Kngkyle; May 9, 2007 at 10:52 AM.
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  #3  
Old Posted May 9, 2007, 11:10 AM
Chi_Coruscant Chi_Coruscant is offline
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There is a small rendering in Tribune. I don't think it will be in the range of 1000 feet but more like 900. No spire was attached. 20-floor opening is an interesting feature because it looks like a keyhole.
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  #4  
Old Posted May 9, 2007, 12:02 PM
honte honte is offline
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Hmmm... glad it's a reality; too bad it's not quite as wonderful as some of us had hoped it would be. Oh well, now it's time to consider the actual design - much more important than a few hundred feet.
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  #5  
Old Posted May 9, 2007, 1:34 PM
SamInTheLoop SamInTheLoop is offline
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Ok - it's a small rendering, but I like it! Although I'm a little disappointed with the height (to me it definitely looks to be under 900'), I'll take a design I like with less height than a lesser design that stretches to some arbitrary number in the sky. Thumbs up here...
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  #6  
Old Posted May 9, 2007, 2:47 PM
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i saw the trib article but couldn't find the rendering... i'm hoping it looks as good as i want it to, although i'm kinda bummed it's not going to crack the 1000-foot mark.
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  #7  
Old Posted May 9, 2007, 2:55 PM
i_am_hydrogen i_am_hydrogen is offline
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I scanned it as a .pdf, but I can't link the .pdf, so I put it on Yousendit.com. Can someone then find a way to post a shot of it?

http://download.yousendit.com/7D2368192E5F7794
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  #8  
Old Posted May 9, 2007, 3:02 PM
Kngkyle Kngkyle is offline
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Originally Posted by i_am_hydrogen View Post
I scanned it as a .pdf, but I can't link the .pdf, so I put it on Yousendit.com. Can someone then find a way to post a shot of it?

http://download.yousendit.com/7D2368192E5F7794

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  #9  
Old Posted May 9, 2007, 3:03 PM
trvlr70 trvlr70 is offline
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Originally Posted by i_am_hydrogen View Post
I scanned it as a .pdf, but I can't link the .pdf, so I put it on Yousendit.com. Can someone then find a way to post a shot of it?

http://download.yousendit.com/7D2368192E5F7794
Thanks! It is striking and will be very cool indeed. However, I was kinda hoping that the "opening" was going to be the arched keyhole at ground level that served as an entrance of sorts into Lakeshore East.
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  #10  
Old Posted May 9, 2007, 3:05 PM
trvlr70 trvlr70 is offline
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Is that the Tides in the background to the right?
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  #11  
Old Posted May 9, 2007, 3:06 PM
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thanks for scanning hydrogen




EDIT:

ah, you beat me to it kngkyle2
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  #12  
Old Posted May 9, 2007, 3:09 PM
Chitown Chitown is offline
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Can't tell too much from that picture. What's the story with the Trib being the sole source in the universe for renderings of this project?
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  #13  
Old Posted May 9, 2007, 3:23 PM
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would someone from emporis please create a building entry for this proposal so that i can get it added to the boom rundown? thanks in advance.
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  #14  
Old Posted May 9, 2007, 3:27 PM
i_am_hydrogen i_am_hydrogen is offline
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Is that the Tides in the background to the right?
Yes. So that would mean this is the southern face of this building.
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  #15  
Old Posted May 9, 2007, 3:29 PM
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^ nah, i'm pretty sure we're looking at the northern face. if we were looking at the southern face, then that would mean that the arquitectonica building is south of the tides, which is impossible, as the park is south of the tides. the arquitectonica tower will be north of the tides along the river.
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  #16  
Old Posted May 9, 2007, 3:31 PM
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Yeah. . . it looks like the north face. . . I wonder what the price range is going to be for units here. . . this project is far out enough that I'd put money down on a unit just to flip it. . .
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  #17  
Old Posted May 9, 2007, 3:34 PM
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Originally Posted by Tom In Chicago View Post
I wonder what the price range is going to be for units here. . . this project is far out enough that I'd put money down on a unit just to flip it. . .
according to the initial article..........

Quote:
Originally Posted by BVictor1 View Post
The sale of condominiums, priced from $500,000 to about $3 million, will start in August. By mid-2008, construction will get under way. The first residents are expected to move in two years later, said Jim Loewenberg, co-chief executive of Magellan.
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  #18  
Old Posted May 9, 2007, 3:50 PM
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Thanks. . . I guess I'll shut up and get back to work now
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  #19  
Old Posted May 9, 2007, 3:59 PM
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Added bu>299071 to Emporis database. . . we'll probably need to clean up the LSE information related to the buildings planned along East Wacker Drive that are being replaced by this super-structure. . .
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  #20  
Old Posted May 9, 2007, 4:03 PM
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Here's another scan that hopefully shows a little more detail...



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