Final glass pieces are being installed for 300 N Michigan Avenue, a 47-story mixed-use skyscraper in The Loop. Co-developers Sterling Bay and Magellan have planned for a retail base, a 280-key citizenM hotel on the lower levels, and 289 rental apartment units on the upper floors.
Developer Sterling Bay has announced a partnership for its 160 N Morgan Street mixed-use development in the West Loop. The joint venture will be with Colorado-based real estate private equity firm Ascentris and will see the ground-breaking of the high-rise in the first quarter of 2022. Designed by local firm bKL Architecture on a mid-block lot that once held a drive-thru bank, the demolition of the existing building has begun with site prep expected to commence soon after.
Wrapping up 2021’s year-end countdown is the 101-story St. Regis Chicago, anchored prominently at 375 E Wacker Drive along the Chicago River. Formerly known as Vista Tower and Wanda Vista Tower, this glassy Lakeshore East goliath has been planned by Magellan Development Group and will be managed under St. Regis Hotel and Resorts (subsidiary of Mariott). The height of the tower has been reported as several different figures, including 1,196 and 1,198 feet, though planning documents appear to indicate 1,191 feet as the most precise measurement from the Riverwalk to the architectural pinnacle.
Topping out at the seventh spot of Chicago YIMBY’s year-end countdown is the Cirrus condominium development in Lakeshore East. Reaching a height of 562 feet, the tower is part of a greater project that is building up the last plots of land near the water of the multi-decade masterplan for the neighborhood. Developers Lendlease and Magellan have worked with bKL Architecture, whose office is in the nearby Aqua Tower, on the three-tower plan.
At eighth place in Chicago YIMBY’s year-end countdown is 300 N Michigan Avenue, a 47-story mixed-use skyscraper developed by Sterling Bay at the northeast corner of The Loop. Rising 523 feet to its pinnacle, this nearly complete tower will house retail within its podium, a hotel on floors six to 15, and apartments on the 17th through 46th floors. The hotel portion will be a 280-key CitizenM, while the residential portion, dubbed “Millie on Michigan” will yield a total of 289 rental units.
