But, especially after construction began on the massive Hotel Palomar just across the street, the developer had much loftier ambitions for their property. Still visible on the Weiss Architects web site is this design for a multi-use tower topped by 35 condominiums.
Reschke's 2008 plan to have architect Ricardo Bofill design a 15-floor
But God knows you can never have enough good cantinas, and now that's all that's left at 508 North State: a two-story Cantina Laredo #132, the first Chicago outlet for the Dallas-based "gourmet Mexican" chain that's already put down stakes in Rosemont. According to CB Richard Ellis, which is marketing the land under the restaurant for a cool $8.296 million, Cantina Laredo has signed a non-cancellable 20-year lease for $560,000 a year, 2% compounding annual rent increases, plus 2% of gross sales above $10 million. The 17,000-square-foot structure represents about a tenth of what zoning would allow.