This week, Chicago YIMBY stopped by the Tribune Tower Residences, the newly open condominium conversion at Chicago’s iconic Tribune Tower. The 34-story former publishing headquarters is situated at prominently at 435 N Michigan Avenue along Magnificent Mile. At 462 feet, the landmark was originally built in 1925 as the headquarters for the Chicago Tribune, with a distinctive Neo-Gothic design by Howells & Hood.
Nearly 100 years after the tower’s initial construction, CIM Group and Golub & Company have delivered the 162 planned residences, configured across 56 unique layouts. Flagship retail is also in the works, with the first announced tenant being The Museum of Ice Cream. The co-developers purchased the site in 2016 for $240 million, as the namesake newspaper publication relocated its headquarters to Prudential Plaza.
Residences rang between one- and four-bedroom units, with prices ranging from the $900,000 up through $7 million. Floor area varies from 1,660 to 3,155 square feet for a one-bedroom, 1,660 and 2,950 square feet for two-bedrooms, 2,600 to 4,040 square feet for three-bedrooms, and 3,900 to 4,340 square feet for four-bedrooms.
With The Gettys Group as the interior designer, the residents emanate the classical appeal of the outer architecture, while offering state-of-the-art finishes, fixtures, and appliances. Each condominium offers 6.5-inch hardwood flooring, Wolf and Sub-Zero appliances, and Bovelli Custom Millwork Cabinetry. Select units also come with astonishingly tall ceiling heights, private balconies or terraces, and library and office spaces.
Residents will have access to extensive amenities across four different floors. The second floor features a spa, a fully-equipped fitness center by The Wright Fit, and an indoor golf simulator. On the third floor is a sprawling lounge with a bar and catering kitchen, a 1/3-acre private park, a co-working and meeting area, and entertainment and gaming space.
The seventh floor will house a sun deck, terrace, outdoor grilling and dining, and a 75-foot-long indoor pool located directly behind the retained “Chicago Tribune” sign. Lastly, the 25th floor will hold the Crown Terrace, which features a chef’s kitchen, an herb garden, lounge, and dining areas, and 360-degree views of both the city and the tower’s iconic crown buttresses.
Given the tower’s robust landmark status, the large majority of the architectural features have been retained. The existing limestone facade has been preserved and restored by masonry artisans. This preservation extends inward as well, with the retention of the historic Michigan Avenue Lobby, the Hall of Inscriptions showcasing various engraved press-related quotes, and the Stones of the World exhibit with 150 fragments from around the world. Notably, the tower has retained and refurbished the grand fireplace once belonging to the Chicago Tribune’s former owner and publisher, Colonel McCormick.
Despite the extensive preservation, several new elements have also been integrated, including new balconies, windows and window trimmings, and modernized entryways. Topping the building’s eight-story northern wing is also a four-story addition modern addition, which houses additional condominiums. Solomon Cordwell Buenz has served as the project architect, while OLIN was the landscape architect.
A plethora of retail, dining, and entertainment options can be found in virtually all directions, as well as a range of outdoor spaces like the Riverwalk, Grant Park, and the Lakefront Trail.
Transportation wise, the tower is amidst Chicago’s transit nucleus, with all of the CTA L lines within a 15-minute walk. Within just a two-minute walk, residents will find bus access to Routes 2, 3, 26, 29, 65, 66, 120, 121, 124, 125, 143, 146, 147, 148, 151, 157, 850, 851, and 855. The development also comes with a 250-car garage on site.
Walsh Construction served as general contractor for the conversion work, tallying at $150 million to complete. While some final touches and landscape work on the adjacent Pioneer Court are still underway, move-ins are currently in progress, having begun this summer. An article by the Chicago Tribune noted that as of this past October, over 50 percent of residences have already been sold or fully occupied.
Chicago YIMBY also reached out to a representative on behalf of Tribune Tower Residences regarding the second phase “Tribune East” tower, a 1,422-foot-tall mixed-use skyscraper that was approved last year. While no new updates were made available, further details for this potentially skyline-altering supertall may likely surface once all the current construction is complete.