Caisson Permits Issued For 462 E North Water Street In Streeterville

400 N Lake Shore Drive, by SOM400 N Lake Shore Drive. Rendering by SOM

Permits have been issued for placement of caissons for 462 E North Water Street, a new 72-story residential high-rise in Streeterville. The project, also known as 400 N Lake Shore Drive, will be spearheaded by RMW Acquisition Company LLC, based in New York. Permits for caisson placement were issued on December 6, following an extensive 630-day review period.

This first stage of development, estimated to cost $2,000,000, takes the first steps toward a significant addition to Chicago’s skyline. When complete, 462 E North Water Street will offer 635 new dwelling units across its 72 floors. The building will also feature three basement levels, which will likely be occupied by building utilities and amenities.

400 N Lake Shore Drive, via YIMBY+

400 N Lake Shore Drive, via YIMBY+

David Stelter is listed as the architect of record for this phase of development, and the architecture firm behind the larger development is SOM. The permit process was expedited by MAP Strategies, LLC, a Chicago-based firm. LR Contracting Company, also from Chicago, is serving as the general contractor, overseeing the construction process. Goebel Forming, Inc., from Homer Glen, IL, is responsible for the masonry work, a critical component in constructing such a high-rise structure. Permit fees for the project totaled $6,525.

When complete, residents of 462 E North Water Street will be located steps from bus stops for Routes 2, 29, 65, 66, 120, 121, and 124. The Grand CTA station, which services the Red Line, will be located a 16-minute walk from the building.

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18 Comments on "Caisson Permits Issued For 462 E North Water Street In Streeterville"

  1. Finally! And, a beautiful set of buildings. The Caltrava Spire was an incredible missed opportunity so this is a bittersweet replacement.

    • Personally, I love these better than the Spire’s architecture.

      These will frame the entrance of the River very nicely complimenting the other side!

    • Also, I wish we could get rid of the hideous ~15 parking garage built into the bottom of that high rise at the start of Illinois St just to the right.

      • The brick one? That was a repurposed old building. I actually don’t mind it. I’d happily get rid of any of the many large stand alone parking structures in the Streeterville area first.

  2. I agree. They are lovely. Calatrava’s building was grand but these are beautiful and they fit in so well.

  3. The most gorgeous buildings to add to the skyline in decades! I only wish they (or at least one) qualified for supertall status. NYC is kicking our butts lately…

    • NEMA? VISTA? One Bennett Park? One Chicago? 150 North Riverside? River Point? The ROW? Cirrus?

      Taste is subjective, but you must live under a rock to think none contribute significantly to the skyline. Not a single tower mentioned is a decade old yet and is impactful in its own right.

      I’m not sure if new here, but the economics of supertalls aren’t sustainable or viable in most places. Dubai is filled with dozens of unfinished supertalls. They almost broke China, causing a moratorium on building anything tall. New York’s are incredibly wasteful of resources as they scrounge up limited air rights from potential other new builds. Egypt is stealing the country’s treasury to build their supertalls.

      The burdens of these structures heavily outweigh the concept of looking cool from afar.

      Some see tall ingenuity, but I see an association with authoritarian regimes hoarding the mass of them in countries where labor rights tend to be an afterthought.

      Ken Griffen was Chicago’s billionaire, and look at the piece of work he is. I can’t imagine a block dedicated to his filth.

      • I think you make Ken Griffin. Who also happens to be the most philanthropic citizen in Chicago history. Stop being a partisan hack. It’s unfortunate he left, but he was rightful in asking for change, trying, and then leaving. Chicago has a crime and crime apologist issue and every major company boardroom is discussing it now. That’s the problem to be fixed, not to act like they are wrong and stick our heads in the ground. CME is considering leaving for god sake.

      • Justifying Chicago’s mediocrity? NYC, Dubai and Shanghai are orders of magnitude above Chicago and they will stay there with this attitude of your comment. Oh well, we can compete with our peers in st paul and grand rapids.

  4. Building Judgement | December 14, 2023 at 10:17 am | Reply

    Build these ASAP! I wish they were taller but overall great design and love that they are going to actually create a park as well

    • They were taller originally, but were downsized in reaction to local complaints and alderman’s whims. The redesign and approval took more than a year and then became dormant because of covid’s economic impact. If there hadn’t been acquiescence to the irrational objections, the phase one tower might have already been completed.

  5. Do we know which tower is being built first?

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