The first U.S. real-estate investment by The Wanda Group, owned by China’s richest man, will be an 88-story, 1,148-ft-tall mixed-use tower, the third-tallest in Chicago, which Wanda Group selected over New York and Los Angeles. Groundbreaking is scheduled for 2016.
The $900 million tower, to be situated on 28 acres along East Wacker Drive, will be designed by Jeanne Gang of Chicago-based Studio Gang Architects, according to the Chicago Tribune's Blair Kamin.
The building will include a 250-room five-star hotel, 390 condominiums and about 9,000 sf of retail space.
The ABC News affiliate in Chicago reports that this project will create more than 2,000 construction jobs and 500 permanent jobs.
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Former Richardson Romanesque hotel now houses books, not beds
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| Feb 11, 2011
Justice center on Fall River harbor serves up daylight, sustainable elements, including eucalyptus millwork
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| Feb 11, 2011
A feast of dining options at University of Colorado community center, but hold the buffalo stew
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| Feb 11, 2011
Chicago high-rise mixes condos with classrooms for Art Institute students
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Iowa surgery center addresses both inpatient and outpatient care
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Grocery store anchors shopping center in Miami arts/entertainment district
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Chicago architecture firm planning one of China’s tallest towers
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