Location, location, location is a phrase oft-repeated by those in the real estate industry. And it’s true, where a property is located has a bearing on its marketability, which is why choosing the right spot to buy a property or on which to build one should be a well-researched decision.
It seems the planners of the newest luxury residential/mixed-use development in the Windy City chose a good spot to build.
Ground recently was broken on a development in fertile soil, so to speak, in the Chicago area. One Chicago, a dual-tower skyscraper, commenced its 41-month construction in late April. When completed, it will offer hundreds of luxury residences, and a green-roofed podium as big as a city block. It also will include office and retail space, including a Whole Foods Market.
The complex’s large roof garden is a lifestyle feature that will fit well with the development’s plan for a Life Time Fitness and wellness center onsite.
See Also: Nerves of steel: 150 North Riverside
The development at 1 West Chicago Avenue is in the upscale River North area. That section of the city’s North Side has many hotels, luxury shops, restaurants, cocktail bars, nightclubs, artist’s lofts and other attractions.
Developed by JDL Development, the luxury residential/mixed-use complex was designed by Goettsch Partners and Hartshorne Plunkard Architecture. Its size, style and amenities will make it stand out, planners say.
“One Chicago has the scale and location to be spectacular,” says Jim Letchinger, president of JDL Development. “We carefully selected a project team to collaborate on this world-class design helmed by two of the city’s leading architects, both with deep Chicago roots and known nationally and internationally for large-scale urban complexes.”
The development’s 76-story main tower will change the Chicago skyline, and set the development apart, as well as making it an easily recognizable destination point.
“The main tower emphasizes a strong verticality and elegant image that will create a new landmark on the skyline. We fully appreciate the significance of this project in the context of the city,” says James Goettsch, FAIA, chairman and co-CEO of Goettsch Partners.
The main tower will be composed of five vertical, rectilinear bars that drop off at varying heights and allow for large terraces. Expressive fins will reinforce the building’s verticality, while giving the buildings’ façades a distinctive appearance.
Related Stories
Market Data | Apr 11, 2023
Construction crane count reaches all-time high in Q1 2023
Toronto, Seattle, Los Angeles, and Denver top the list of U.S/Canadian cities with the greatest number of fixed cranes on construction sites, according to Rider Levett Bucknall's RLB Crane Index for North America for Q1 2023.
Contractors | Apr 10, 2023
What makes prefabrication work? Factors every construction project should consider
There are many factors requiring careful consideration when determining whether a project is a good fit for prefabrication. JE Dunn’s Brian Burkett breaks down the most important considerations.
Mixed-Use | Apr 7, 2023
New Nashville mixed-use high-rise features curved, stepped massing and wellness focus
Construction recently started on 5 City Blvd, a new 15-story office and mixed-use building in Nashville, Tenn. Located on a uniquely shaped site, the 730,000-sf structure features curved, stepped massing and amenities with a focus on wellness.
Affordable Housing | Mar 14, 2023
3 affordable housing projects that overcame building obstacles
These three developments faced certain obstacles during their building processes—from surrounding noise suppression to construction methodology.
Mixed-Use | Mar 11, 2023
Austin mixed-use development will provide two million sf of office, retail, and residential space
In Austin, Texas, the seven-building East Riverside Gateway complex will provide a mixed-use community next to the city’s planned Blue Line light rail, which will connect the Austin Bergstrom International Airport with downtown Austin. Planned and designed by Steinberg Hart, the development will include over 2 million sf of office, retail, and residential space, as well as amenities, such as a large park, that are intended to draw tech workers and young families.
Sports and Recreational Facilities | Feb 27, 2023
New 20,000-seat soccer stadium will anchor neighborhood development in Indianapolis
A new 20,000-seat soccer stadium for United Soccer League’s Indy Eleven will be the centerpiece of a major neighborhood development in Indianapolis. The development will transform the southwest quadrant of downtown Indianapolis by adding more than 600 apartments, 205,000 sf of office space, 197,000 sf for retail space and restaurants, parking garages, a hotel, and public plazas with green space.
Retail Centers | Feb 24, 2023
Santiago Calatrava unveils plans for a luxury retail and office complex in Düsseldorf, Germany
Renowned architect and engineer Santiago Calatrava, along with the CENTRUM Group, has unveiled plans for Calatrava Boulevard, a luxury retail and office complex in Düsseldorf, Germany. Running parallel to Königsallee and connecting with the Steinstrasse station, Calatrava Boulevard will incorporate and connect to the boulevard’s existing buildings.
Mixed-Use | Feb 23, 2023
7 mixed-use developments that don't sacrifice housing affordability
Here are seven mixed-use, multifamily projects dedicated to providing affordable housing.
Multifamily Housing | Feb 21, 2023
Watch: DBA Architects' Bryan Moore talks micro communities and the benefits of walkable neighborhoods
What is a micro-community? Where are they most prevalent? What’s the future for micro communities? These questions (and more) addressed by Bryan Moore, President and CEO of DBA Architects.
Multifamily Housing | Feb 16, 2023
Coastal Construction Group establishes an attainable multifamily housing division
Coastal Construction Group, one of the largest privately held construction companies in the Southeast, has announced a new division within their multifamily sector that will focus on the need for attainable housing in South Florida.