|click images for larger view|
|150 North Riverside and date stamp - separated at birth?|
Is a new real estate bubble rising around the Chicago River? Long dormant land in and around Wolf Point is already under construction with two major skyscrapers, and this morning, in an email to his constituents, 42nd Ward Alderman Brendan Reilly unveiled the first renderings I've seen of the proposed office tower for 150 North Riverside, to be built on air rights over tracks leading into Union Station . . .
. . . just east of Graham Anderson, Probst and White's 1922 Butler Brothers warehouse II.
Goettsch Partners is responsible for the design.
Unusual proposed office tower for Chicago riverfront, by Goettsch Partners, flares out from base to upper floors. pic.twitter.com/DV9Uv43EihThe 1.2 million square foot building is being pushed by long-time John Buck veteran John O'Donnell, now of the Chicago operations of Colliers International. An April article by Ryan Ori in Crain's Chicago Business reported O'Donnell had given up a request for $20 million in TIF funding to get approval for the project moving forward. River Point, currently under construction along the river across the street, got $29.5 million in TIF money to cover over the Metra tracks and create a riverfront park. Instead, O'Donnell wants the city to give him a slice of land worth $4-5 million the city controls to make his site complete. The rest of it was purchased for $12.5 million in 2011.
— Blair Kamin (@BlairKamin) July 17, 2013
According to Crain's, Reilly had been fighting an earlier proposal because the park component wasn't at ground level. In the rendering released in his email, the park remains entirely at the elevated street level, with no riverbank component
|park at River Point|
|150 North Riverside|
|Daily News Building (Riverside Plaza) meets the river|
As for the building itself, if it weren't for the angled cantilever at the bottom, it really doesn't have much to distinguish itself visually at all and, at first glance, I'm not even sure the cantilever works. There seems to be a lot of tall, tall concrete at the base. Dear readers, what's your take?
In any event, more should learned from the public hearing. Welcome to the arena, Mr. O'Donnell.
42nd ward alderman Brendan Reilly is sponsoring a public meeting for his constituents on 150 North Riverside, 6:00 p.m., July 31st in Walnut Ballroom of the Hotel Allegro, 171 West Randolph.Read More:
Hour of the Wolf: The Transformation of the Pivot Point of Chicago
The Daily News Building Plaza: Endgame for one of Chicago's Great Public Spaces?