113 East Roosevelt (Phase II)

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113 East Roosevelt
General information
Status Approved
Type Residential
Location East Roosevelt Road, Chicago, IL
Management Crescent Heights
Height
Roof undisclosed (>829 feet (252.7 m))
Technical details
Floor count undisclosed
Design and construction
Architect Rafael Viñoly

Phase II of 113 East Roosevelt is a skyscraper planned for Chicago, Illinois in the Near South Side community area. It will be located at the southeast corner of Roosevelt Road and Michigan Avenue,[1] located adjacent to the southwest corner of Grant Park.[2] The skyscraper is designed by Rafael Viñoly as the second of a three phase development that includes a slightly shorter Phase I 792-unit 829-foot (252.7 m) skyscraper and a 100-unit townhouse development and public park as the third phase. It is planned to have 648 units that will likely be condominiums.[3] Miami developer Crescent Heights acquired the real estate for the development in 2012 for $29.5 million.[1] The development was presented in a community meeting on September 22, 2015,[3] the Chicago Plan Commission approved the development on November 19, 2015 in a meeting that also resulted in the approval of the Wanda Vista tower.[4] The building will be located on a 2-acre (8,094 m2) site.[1] Financing is a prerequisite to initial groundbreaking.[1]

See also[edit]

References[edit]

  1. ^ a b c d Gallun, Alby (September 23, 2015). "76-story apartment tower proposed in South Loop". Crain's Chicago Business. Retrieved November 20, 2015. 
  2. ^ Kamin, Blair (October 30, 2015). "Proposed South Michigan Avenue towers appealing, but need to strike balance". Chicago Tribune. Retrieved November 20, 2015. 
  3. ^ a b "Pair of residential towers proposed for East Roosevelt in South Loop". Chicago Business Journal. September 23, 2015. Retrieved November 20, 2015. 
  4. ^ Kamin, Blair (November 19, 2015). "Chicago Plan Commission approves tower that would be city's 3rd tallest". Chicago Tribune. Retrieved November 20, 2015.