A potential groundbreaking date has been revealed for the residential towers at 400 N Lake Shore Drive in Streeterville. Located on the long vacant site of the failed Chicago Spire development, the two new towers would partially utilize the foundation hole left by the Spire and provide a cap to the Ogden Slip. Developer Related Midwest who is also behind The 78 near the South Loop is working with globally famous skyscraper firm Skidmore Owings & Merrill on the design, the firm responsible for a number of Chicago’s major skyscrapers.
Inspired by Chicago’s architectural legacy, the two towers will rise along the Chicago River and add more inventory to the city’s residential market. However the designs have received a handful of revisions since their original mixed-use proposal, which included a large hotel component that was shut down by residents due to traffic concerns. Also removed from the plan is a large parking podium that fronted Lake Shore Drive and created a cove-like porte cochere for both towers as they rose over 1,000 feet in height above the city.
The revised and current design flipped the towers with the north becoming the tallest at a reduced height of 875 feet tall and a shorter southern tower capping out at 765 feet tall. The overall cascading massing was also slightly adjusted and the glazed terracotta exterior was exchanged for decorative metal panels, however the bay-like windows reminiscent of typical Chicago typologies seem to remain. The aforementioned podium was also removed to create more open park-like grounds with 300 parking spaces moved underground.
The development will be built in two phases with the taller north tower going first, followed by the shorter south tower. It is possible with a rebound in the market that the eventual southern tower could become taller before its groundbreaking, much like the original plan. Between both structure, the project will deliver 1,100 residential rental units with lavish interiors and an extensive amenity package. Related Midwest will also be giving $10 million to help construct the adjacent DuSable Park, which will have a direct entrance from the development’s grounds.
The multi-million dollar project will have a major impact on the Chicago skyline and welcome millions of tourists and locals from the lake shore into downtown. Having already been approved by the city, Related is planning to break ground on the north tower towards the end of 2022 with an anticipated completion date in 2024, as announced on the updated project website. The construction efforts will utilize the land for DuSable Park for staging, the timeline fits into the previously announced schedule for the park with plans to begin work in 2024 and open in 2025.