The very active developer Sterling Bay has proposed a 958-foot-tall, 2-million-sf office tower that would be connected to Union Station in Chicago’s West Loop, on real estate owned by Amtrak. The office tower would be one of the tallest in the city.
Crain’s Chicago Business reports that Sterling Bay is already in talks with large tenants for this tower, designed by Skidmore, Owings & Merrill. Sterling Bay, though, has not yet been chosen as Union Station’s master developer.
Amtrak, Crain’s reports, has been trying to redevelop its 1.3-million-sf Union Station property for years. Last October, it announced plans to upgrade the existing building, and to seek developer partners to add 3 million sf of new structures over and around tracks and land it owns.
Sterling Bay has gained a reputation for redeveloping existing buildings, such as the conversion of the Fulton Market Cold Storage building, known as 1KFulton, to Google’s Midwest headquarters.
Its proposal for the addition to Union Station is one of several projects it has in the works, including two residential towers in Chicago, and a ground-up development for McDonald’s, which is moving its headquarters to the Fulton Market District from Oak Brook, Ill. That deal, says Crain’s, includes plans for a 200-room extended stay hotel just west of those headquarters.
The firm’s redevelopment of the recently acquired Coyne College campus has expanded to 1 million square feet of new office space—up from 400,000 square feet. And Sterling Bay is interested in purchasing the 18-acre Chicago Department of Fleet and Facility’s Management property, which the city has put up for sale.
The SOM-designed tower would, in all likelihood, replace a parking garage located south of Union Station’s new $41 million Transit Center, which opened on Sept. 11.
Curbed Chicago points out that the design of this tower looks a lot like an unbuilt 40-story proposal for 625 W. Monroe from SMDP Studio in 2013, which eventually evolved into a redesigned 75-story proposal the next year, but has yet to be constructed.
Related Stories
| Feb 20, 2013
Higher standards, efficiency programs keys to 40% energy usage reduction in commercial buildings since 1980
Commercial buildings have seen a drop in their energy intensity of more than 40% since 1980, according to a recent report from Bloomberg New Energy Finance and the Business Council for Sustainable Energy.
| Feb 20, 2013
CoreNet Global to real estate execs: 'Move forward on net-zero'
CoreNet Global, a major international association for corporate real estate and workplace executives, has released a public policy statement advocating adoption of net-zero energy buildings.
| Feb 17, 2013
Pakistan to get world's tallest tower in $45 billion deal
Newly signed mega deal will fund construction of several massive developments in Karachi, including a mixed-use tower that will dwarf the Burj Khalifa.
| Feb 14, 2013
Boxman Studios launches shipping container buildings division
Boxman Studios has launched a new division aimed at sustainable solutions for the Built Environment. The Boxman Studios Buildings Division will focus on the adaptive use of decommissioned shipping containers as architectural elements and even complete buildings.
| Feb 14, 2013
Guardian DiamondGuard installed in the Empire State Building
Guardian Industries DiamondGuard glass was recently installed on the 102nd story of the Empire State Building in New York City as part of an extensive renovation to update this venerable landmark.
| Feb 12, 2013
OMA's 'perimeter core' design wins competition for Essence Financial Building in Shenzhen
OMA partners David Gianotten and Rem Koolhaas rethink traditional office tower design with a plan that shifts the building's core to the edge for large, unobstructed plans.
| Feb 8, 2013
5 factors to consider when designing a shade system
Designing a shade system is more complex than picking out basic white venetian blinds. Here are five elements to consider when designing an interior shade system.
| Feb 6, 2013
RSMeans cost comparisons: office buildings and medical offices
RSMeans' February 2013 Cost Comparison Report breaks down the average construction costs per square foot for four types of office buildings across 25 metro markets.
| Feb 1, 2013
Delinquency rate for U.S. commercial real estate loans hits 11-month low
The delinquency rate for U.S. commercial real estate loans in CMBS fell 14 basis points in January to 9.57%. This is the lowest level in 11 months, according to Trepp, LLC's latest U.S. CMBS Delinquency Report.