Crain's is reporting -
http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=27544 - that Fifield has just closed on their purchase of this large parcel where they are planning two of their typical West Loop office buildings. The plan is to begin construction of the first, shorter tower (I believe it's roughly 25 stories (first several floors is a large - larger than average for new office buildings, at least - parking garage) summer 2008.
Yes, Fifield still seems to be in the running for landing the new BP tower on the site, but I sincerely hope they lose this one. Frankly, I do not trust Fifield for such a potentially important, very environmentally-advanced, hopefully very aesthetically-advanced tower, and I don't like the 600 block of W. Monroe (in the middle of Fifieldom) for such a high-profile project. I've mentioned it before, and here again - my first choice of location for BP's new downtown Chicago home (of known current office proposals) would be the office tower for the proposed Wolf Point project, and perhaps my second choice would be the proposed Buck tower on the NW corner of Randolph and Wells....