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Developers Seeking Approval for Chicago's Second Tallest Skyscraper
Developers Golub & Co. and CIM Group are seeking approval for a skyscraper that would become the second tallest in Chicago, trailing only the Willis Tower and climbing higher than the Trump International Hotel and Tower.
"The proposal to build the skyscraper, next to Tribune Tower takes a key step Tuesday, when the developers unveil a revised plan that addresses neighbors’ complaints," reports Ryan Ori.
"One thing that’s not expected to change is the 1,422-foot height that would make the tower, designed by Chicago-based supertall building specialists Adrian Smith and Gordon Gill, just 29 feet shorter than Willis Tower. The design features a flared top that resembles the ears of Batman’s mask."
The development is notable not just for its expected size, but also because of the real estate deal that made the project possible. "The CIM and Golub venture bought the Tribune Tower property for $240 million in 2016," explains Ori. "It was sold by broadcast company Tribune Media."