Both extensive foundation work and the crane base are visible at 150 E Ontario Street, the site of a new 28-story hotel by The Prime Group. The 345-foot-tall Streeterville project will be the next location for the Spanish hotel brand RIU Hotels and Resorts, providing a total of 388 rooms. There will also be a ground-level cafe at the southeast corner of the tower base.
The Prime Group
Full permits have been issued for the RIU Plaza Hotel Chicago at 150 E Ontario Street in Streeterville. Located just east of the intersection with N Michigan Avenue, developer The Prime Group broke ground on the new tower earlier this year, replacing an empty lot. The property will be run by Spain-based RIU Hotels and is being designed by local architecture firm Lucien LaGrange Studio, who recently merged with Lamar Johnson Collaborative.
Next in our procession of unbuilt Chicago skyscrapers is the Waldorf-Astoria Hotel and Residence Tower, a 107-story supertall that would have been located along North Park Drive, less than a block from the river in Streeterville. Compared to existing Chicago structures, if built, the mixed-use project would have been the third tallest in the city with a 1,265-foot height. More broadly, if it were built at the time of its proposal in 2007, it would have been the seventh tallest in the world. The Prime Group in partnership with Fordham Co. had planned for a three-year construction timeline starting in 2009 and wrapping up in 2012.
Construction is now fully underway for 150 E Ontario Street, the site of what will be a 28-story hotel. The Streeterville project is one of the first major high rises in years to be built in the district, whose development heyday occupied much of the 2000s and 2010s.
A foundation permit has been issued for the planned 150 E Ontario Street, kicking off the first high rise to be built in Streeterville in several years. Filling in a long-vacant patch of land within an otherwise dense downtown segment, the new construction will be a 28-story hotel for the Spanish hotel chain RIU Hotels and Resorts. The Prime Group is the developer for this proposal, having also contributed $2.9 million to the Neighborhood Opportunity Fund alongside the project.