“A year and a half after the Catholic Archdiocese of Chicago announced intentions to develop a sprawling surface parking lot across the street from Holy Name Cathedral on State Street, we now have a clearer picture of what is planned for the valuable River North site.” An application submitted to the Chicago City Council reveals plans that the developer JDL Development is looking to erect a set of new towers, one of which could potentially become one of the city’s tallest if built at the proposed 1,011 feet. The taller of the two towers is expected to be at least 76 stories. That height is considered a “supertall” skyscraper by the Council of Tall Building and Urban Habitat standards. The second tower will be 45 stories, or 583 feet.
There are currently several tall buildings under construction in the downtown Chicago area, but this tower would become Chicago’s sixth tallest building and be one of eight buildings to be classified as “supertall”. “The redevelopment of the State Street site seeks to deliver a total of 914 residential units, 659 parking spaces, 200,000 total square feet of retail, and 45,000 square feet of office space.” “The Planned Development also triggers the city’s Affordable Requirements Ordinance, in which the developer is required to deliver either 91 affordable units on-site or pay into city funds for affordable housing.”
The towers will include a mix of for-sale condos and rental units. The project’s proposal calls for 795 rentals and 75 for-sale condos. “Chicago’s HPA Architecture was tapped as the lead architect for the project. Chicago’s Goettsch Partners will also be involved in the project.” The towers design is rumored to be glassy with aluminum columns. The towers will also share a large nine-story podium. “Developers have begun offering competitive deals to ink new leases, with some new towers offering up to two-months of free rent.”