Alderman Denies Related's Latest Plan For Chicago Spire Site

Posted by Sam Tarara on Wednesday, October 24th, 2018 at 9:30am.

Chicago Spire SiteOne of the highest profile projects in Chicago history has reportedly hit another road block, according to a recent report from Crain’s.

Not long ago, Related Midwest finally revealed plans for 400 N. Lake Shore Drive, the infamous Chicago Spire site that failed to develop during the height of the recession.

However, downtown Ald. Brendan Reilly has now rejected that plan, which included two separate towers, with one rising a whopping 1,100 feet high.

There’s no doubt Related will continue to work closely with both the Alderman and the Streeterville community to eventually get something done, and as noted by Crain’s, some of the required revisions to the proposal must include putting a security plan together for the adjacent riverwalk and DuSable Park, allowing for easier access to the ramps connected to Lake Shore Drive, eliminating a walkway along the Ogden Slip just north of the building site, and eliminating the 175 hotel rooms as part of the project as well.

The original proposal was projected to cost $1 billion and include 300 condos and 175 hotel rooms in the taller tower, and 550 apartments in the shorter tower.

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