Chinese developer releases plans for Chicago tower that would be the city’s third tallest

Though the news is still unconfirmed by local sources, Chinese developer Wanda Group said it would soon begin construction on a 1,150-foot-tall tower in Chicago's Lakeshore East neighborhood. It would be the city's third tallest building.  (Wanda Group)

Though the news is still unconfirmed by local sources, Chinese developer Wanda Group said it would soon begin construction on a 1,150-foot-tall tower in Chicago’s Lakeshore East neighborhood. It would be the city’s third tallest building. (Wanda Group)

Chinese real estate developers Wanda Commercial Properties announced Wednesday plans to build an 89-story mixed-use tower in Chicago’s Lakeshore East neighborhood that would unseat Aon Center as the city’s third tallest building. Read More

Chicago Spire developer moves to settle bankruptcy, revive project

Development, Midwest, News
Friday, February 7, 2014
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spire

Chicago’s stalled supertall Spire could rise again, according to the Irish developer who went into foreclosure in 2010 after a protracted legal battle over the project.

Garrett Kelleher’s lawyers on Thursday filed papers in U.S. Bankruptcy Court seeking court approval to move ahead with the Chicago Spire, which remains a hole in the ground at 400 North Lake Shore Drive. Kelleher said a $135 million investment from Atlas Apartment Holdings would allow him to settle bankruptcy claims in full but, as reported in the Chicago Tribune, the court filings don’t say how much more money would be needed to fund the construction of the 2,000-foot-tall condo skyscraper.

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