Quote:
Originally Posted by honte
Lalucedm posted this article from Crain's over in the General Development thread. But since it mentions a tower of 25+ stories, I am reposting it here. Thanks, Lalucedm.
http://chicagorealestatedaily.com/cgi-bin/news.pl?id=25809
Excerpt from the article: " Roosevelt, which is playing catch-up with its larger rivals, is now embarking on the most ambitious building plan — a tower that could be at least 25 stories tall to open by 2011 on Wabash Avenue just south of Van Buren Street."
I suggest reading the article in full, because there is a lot more information there. Interesting concept includes selling air rights to a developer, somewhat similar to the Legacy project, and producing a taller building. Also of note, two buildings may be demolished: "425 S. Wabash and the skinny Fine Arts Annex at 421 S. Wabash."
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I think that this project has a lot of potential. I think that the Crown Center is a piece of shit, and I'd gladly see it demolished, but I'd rather they keep the Fine Arts Annex.
Here are a few ideas:
-Tear down the Crown Center, buy the Fine Arts Annex and get it landmarked and get Adopt-A-Landmark density bonuses to build taller. They can have the future structure bridge over the annex, building on the site of the parking lot and hopefully demolished Crown Center.
-Every thing that I mentioned above, but instead of building on that small parking lot on Van Buren and Wabash, do a nice landscaped public space.
I think have an outside developer come in to utilize the unobstructed views of the lake and park are wise also.