Unveiled> 41-story office and hotel tower in Chicago’s West Loop

590 W. Madison, an office and hotel tower planned for Chicago's West Loop. (Goettsch Partners)

590 W. Madison, an office and hotel tower planned for Chicago’s West Loop. (Goettsch Partners)

This week an already roiling real estate market in Chicago’s West Loop got hotter still. The latest entrant is a $400 million mixed-use tower designed by Goettsch Partners—a 350-room, four-star hotel beneath about 600,000 square feet of offices that will surely stoke the continued evolution of the area from post-industrial grittiness into a sleek, high-rent hub for technology companies and haute cuisine.

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Watch Chicago move a 762-ton mansion to make way for Pelli Clarke Pelli’s arena

Chicago's historic Harriet Rees house sits on steel beams, awaiting a move one block north. (Steven Vance via Flickr)

Chicago’s historic Harriet Rees house sits on steel beams, awaiting a move one block north. (Steven Vance via Flickr)

Preservation and new development are often at odds, but sometimes Chicago has its cake and eats it, too. Case-in-point: the Harriet F. Rees House, a landmark on both local and national lists that happens to share an address with an arena and hotel complex planned for the South Loop. The Rees House is currently the only building on the 2100 block of S. Prairie Ave., but on Tuesday it begins its two day journey 600 feet north to 2017 S. Prairie Ave.

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Crain’s: “Is it finally a good time to be an architect?”.  Crain’s Chicago Business asks a good question: “Is it finally a good time to be an architect?” The story, by Micah Maidenberg, picks up on an encouraging trend in the architecture billings index. Both nationally and in the Midwest, architecture billings are back above 50, the threshold that denotes growth. In 2008, both tanked to about 35. Read the full post

 

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