That red brick building with the ivy on the river facade is the Great Lakes Building, built ~1913, and I am quite sure that is a designated city landmark, thankfully too because its the last Chicago school building on Wacker Drive. There is no need for a park there, as the planned riverwalk will wrap around the bend up to this site. The area in front of 333 W. Wacker will become a grand staircase, which is why the limestone ballistrade was never reinstalled there.
Budman, the site with the Metra Tracks has had a two-tower project planned there for about 6 years. The frist developer was Prime Group, and the plan was reborn as the "Medici Towers", but no renderings were ever made public.
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Originally Posted by SamInTheLoop
I think Staybridge is phenomenal. I hope to see a lot more from Valerio Dewalt Train downtown...
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Ask and ye shall recieve. You remember the blurb a while back about a rental apartment company from San Antonio planning a 32 story building at Wells and Kinzie? Well, guess who they hired.

Victor has a copy of the PD perhaps he can provide more info, but from the poor rendering that I saw, it looks fantastic. And it has 4 levels of retail toboot.