On July 18th, construction began on a 48-story luxury residential tower in Chicago. Part of a larger master plan designed by Pelli Clarke Pelli Architects, the tower is being developed by Hines and Magellan Development Group. All told, three towers will be built as part of the larger project, called Wolf Point.
The three buildings are:
- West Tower (under construction) - a 50-story, 500-foot-tall apartment building with 500 luxury rental units
- South Tower - a 950-foot-tall mixed-use building that will be the city's eighth-tallest tower
- East Tower - a 750-foot-tall mixed-use building.
The development is located at the Y-shaped intersection of the Chicago River's northern, southern, and western branches. As a whole, the project has been contentious for local residents. It was strongly opposed when the developers first introduced it, and the current plan is a revised version of the original. Residents were worried that the original plan would block views of the skyline and increase traffic in the area.
Pedestrian areas, 100,000 sf of park space, and a river walk will be part of Wolf Point. The developers plan to pursue LEED Silver Certification for the development.
A view of Wolf Point from the west. Renderings courtesy of Hines.
A view of Wolf Point from the north. Renderings courtesy of Hines.
A view of the west garden at Wolf Point. Renderings courtesy of Hines.
Related Stories
| Mar 12, 2012
Improving the performance of existing commercial buildings: the chemistry of sustainable construction
Retrofitting our existing commercial buildings is one of the key steps to overcoming the economic and environmental challenges we face.
| Feb 14, 2012
Thornton Tomasetti names Al Hashimi vice president for its Middle East Operations
Al Hashimi is joining the company to help expand Thornton Tomasetti’s business in the region and support clients locally.
| Feb 8, 2012
World’s tallest solar PV-installation
The solar array is at the elevation of 737 feet, making the building the tallest in the world with a solar PV-installation on its roof.
| Jan 30, 2012
Hollister Construction Services to renovate 30 Montgomery Street in Jersey City, N.J.
Owner Onyx Equities hires firm to oversee comprehensive upgrades of office building.
| Jan 16, 2012
Mid-Continent Tower wins 25 Year Award from AIA Eastern Oklahoma
Designed by Dewberry, iconic tower defines Tulsa’s skyline.
| Jan 4, 2012
Shawmut Design & Construction awarded dorm renovations at Brown University
Construction is scheduled to begin in June 2012, and will be completed by December 2012.
| Jan 3, 2012
Rental Renaissance, The Rebirth of the Apartment Market
Across much of the U.S., apartment rents are rising, vacancy rates are falling. In just about every major urban area, new multifamily rental projects and major renovations are coming online. It may be too soon to pronounce the rental market fully recovered, but the trend is promising.
| Dec 27, 2011
Ground broken for adaptive reuse project
Located on the Garden State Parkway, the master-planned project initially includes the conversion of a 114-year-old, 365,000-square-foot, six-story warehouse building into 361 loft-style apartments, and the creation of a three-level parking facility.
| Dec 21, 2011
BBI key to Philly high-rise renovation
The 200,000 sf building was recently outfitted with a new HVAC system and a state-of-the-art window retrofitting system.
| Dec 19, 2011
Chicago’s Aqua Tower wins international design award
Aqua was named both regional and international winner of the International Property Award as Best Residential High-Rise Development.
