Wednesday, July 27, 2011
Waterview down 25, up 38
click image for larger viewCrain's Chicago Business and the Wall Street Journal are both reporting that the concrete carcass on Wacker may actually finally be completed. Megadeveloper Related Midwest has acquired Waterview, originally intended to combine a Shangri-La hotel with upscale condo's. The structure, which got as far as 27 unfinished floors before the money ran out in 2008, will be downsized from 90 stories to 65 - no condo's, but 500 luxury apartments, with construction to begin next year.