Two parcels of land along Wacker Drive, one occupied by a small park and plaza and another by a parking lot, could soon be the site of twin 48-story office towers from architect Kohn Pederson Fox and developer Murphy Development Group.
Containing 1.2 million sf of office space each, the two land parcels, 301 S. Wacker and 321 S. Wacker, are located just south of the Willis Tower, Curbed Chicago reports. According to Crain’s, Murphy Development Group expects the project to cost more than $800 million. Closing on the two parcels of land with is expected to occur before the end of the year, but specific terms of the deal between Murphy Development Group and InSite Real Estate are not known.
Kohn Pederson Fox has already completed design work on the project and zoning is already in place. Once a deal is signed, construction is expected to take less than two years. However, neither tower is expected to begin construction until tenants are secured.
Related Stories
High-rise Construction | Mar 31, 2017
Ping An Finance Center officially becomes the fourth tallest building in the world
The completed building sits between the Makkah Royal Clock Tower at 1,972 feet and One World Trade Center at 1,776 feet.
High-rise Construction | Mar 27, 2017
Density and tall buildings
CRTKL’s Maren Striker examines Europe’s desire to build upward.
High-rise Construction | Mar 23, 2017
This speculative skyscraper would be suspended from an orbiting asteroid
Clouds Architecture, a New York-based architecture firm, has created a design to invert a skyscraper’s traditional earth-based foundation and replace it with a space-based supporting foundation from which the tower is suspended.
High-rise Construction | Mar 22, 2017
Porsche Design Tower is, unsurprisingly, a car lover’s dream
The idea behind the residential tower was to provide residents with a full single family home in the sky, complete with a private garage and pool.
High-rise Construction | Mar 20, 2017
The world’s longest skyscraper
As supertall skyscrapers continue to pop up around NYC, an architecture firm based in New York and Athens asks, ‘What if we substituted height with length?’
High-rise Construction | Mar 3, 2017
Detroit's tallest tower to rise at site of former J.L Hudson's Department Store
SHoP Architects and Hamilton Anderson Associates will design the 52-story building.
Mixed-Use | Mar 1, 2017
New hotel and residential tower coming to San Francisco’s Transbay neighborhood
The ground-up development will feature 255 hotel rooms and 69 residential units.
Mixed-Use | Feb 27, 2017
Tallest tower in Miami to begin construction in January 2019
The tower will reach a height of 1,049 feet, the maximum height permitted by the FAA in Miami.
High-rise Construction | Feb 17, 2017
What makes a supertall tower super?
As new technologies fuel the race to build higher, three primal drivers simultaneously enable progress and keep it in check.
High-rise Construction | Feb 17, 2017
Zaha Hadid Architects-designed building to have the world’s tallest atrium
A 190-meter atrium will rise the full height of the building between two twisting sections.
