113 East Roosevelt (Phase II)

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113 East Roosevelt
113 East Roosevelt (Phase II) is located in Chicago metropolitan area
113 East Roosevelt (Phase II)
Location within Chicago metropolitan area
General information
Status Approved
Type Residential
Location East Roosevelt Road, Chicago, IL
Coordinates 41°51′34″N 88°01′03″W / 41.8595°N 88.0176°W / 41.8595; -88.0176Coordinates: 41°51′34″N 88°01′03″W / 41.8595°N 88.0176°W / 41.8595; -88.0176
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.