Chicago's Tribunes Mega Condo/Hotel Tower Reportedly in the Works
Posted by Leo Clark. on Tuesday, April 17th, 2018 at 5:26pm.
Chicago’s next high-profile high-rise could already be in the works, according to a recent report from the Tribune. Also featured in a post on popular Chicago real estate blog Crib Chatter, developers Golub & Company and CIM Group have unveiled plans for a spectacular new condo-hotel combo tower that could stand as high as 1,422 feet, while also housing 200 hotel rooms, 439 apartments, and 125 luxury condo residences.
Although nothing has been made official, construction for the mega tower isn’t expected to begin until the end of 2019. But should everything move forward accordingly, new Tribune Tower project could eventually become Chicago’s second tallest tower, overtaking Trump Tower and the spectacular new Vista Tower development.
Thanks to a premium location just off Michigan Avenue and the Chicago River, developers are already setting prices near the top of downtown Chicago’s market, which would put units just over $1,000 a square foot.