Construction is approaching completion for the condominium and retail conversion of the landmarked 34-story Tribune Tower, located at 435 N Michigan Avenue along Magnificent Mile. CIM Group and Golub & Company have planned the renovation of the tower, built in 1925 in the Gothic Revival style. The Chicago Tribune occupied the building up until it relocated to One Prudential Plaza in 2018. The new plans for the tower include 47,500 square feet of retail in the base, 162 condominiums, and 55,000 square feet of amenities.
Condominiums layouts will occupy 56 unique floor plans, ranging in size from 1,106 square feet for a one-bedroom to 4,345 square feet for a four-bedroom residence. In-unit features will comprise of 6.5-inch hardwood flooring, premium appliance brands like Wolf and Sub-Zero, and cabinetry by Bovelli Custom Millwork. Select units will also include balconies or terrace spaces, as well as ceiling heights of 10 feet and higher. Prices will fall between $700,000 and $7.6 million.
Residents will have access to a wide assortment of amenities, such as a 7,000-square-foot fitness center and spa, a solarium, a seventh-floor outdoor terrace with grilling stations, multiple dining and lounge areas, a kitchen, a billiards room, a driving range simulator, a dog run, a co-working space with various meeting rooms, as well as a series of entertaining and event areas with a bar and prep kitchen.
An additional three amenity spaces will stand out from the others. The first is a 1/3-acre elevated park nestled between the tower’s two rear wings. The second is a 75-foot-long indoor pool encased in large windows directly behind the iconic “Chicago Tribune” sign. The third is the 25th floor outdoor Crown Lounge and Terrace, an indoor/outdoor space that sits amongst the Neo-Gothic buttresses lining the crown of the tower and offers sweeping views of the city.
The original limestone facade will be preserved and restored. With Solomon Cordwell Buenz as the main project architect and OLIN as the landscape architect, several notable features have been also added to the former Tribune headquarters, including a new entryway for residents, a revamped Pioneer Court and plaza, the aforementioned 1/3-acre park, and a four-story addition atop the northern wing of the building. The Gettys Group is responsible for the interior, which will reflect the grandeur of the nearly 100-year-old design, while providing the elements of modern condominium residences and a focus on nature throughout.
Parking will yield 250 spaces in an underground garage, as well as a host of other transit options nearby. Bus access will include stops for Routes 2, 3, 26, 29, 65, 66, 120, 121, 124, 125, 143, 146, 147, 148, 151, 157, 850, 851, and 855 all within a block of the property. Nearest CTA L service includes the Red Line at Grand station, available via a seven-minute walk northwest. All other CTA L lines including Brown, Green, Orange, Pink, Purple Lines can be accessed within a 15-minute walk southwest at State & Lake as well as the Blue Line at Washington station.
Walsh Construction Company is the general contractor for the the $150 million venture, with move-ins expected this year. Once construction completes, work is expected to begin on a second-phase mixed-use tower that will be Chicago’s second tallest building. A completion date for this portion is anticipated for 2025.