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
Sustainability | Oct 4, 2016
One World Trade Center officially awarded LEED Gold certification
The skyscraper received the certification despite a setback caused by Hurricane Sandy.
High-rise Construction | Sep 23, 2016
A massive redevelopment in Tokyo reunites developer and architect
Mitsui Fudosan and SOM join forces to create OH-1, a mixed-use complex with a prominent public square.
High-rise Construction | Sep 12, 2016
Bangkok’s tallest tower is also one of its most unique
At 1,030 feet tall, MahaNakhon Tower’s height is only outdone by its arresting design.
Mixed-Use | Sep 9, 2016
Rolled book scroll-inspired mixed-use project from Aedas planned for Chongqing, China
With a bookstore at the heart of the development, the project looks to exemplify an ancient Chinese proverb that says “knowledge brings wealth.”
Office Buildings | Sep 8, 2016
Taipei’s Lè Architecture, designed by Aedas, is almost complete
The 18-story building is designed to resemble a moss-covered river pebble in Taipei’s Nangang District.
High-rise Construction | Sep 8, 2016
Construction on the tallest residential tower in western Europe could start early next year
China’s Greenland Group is the developer of four of the world’s 10 largest skyscrapers
High-rise Construction | Sep 8, 2016
Lendlease to build Aykon London One Tower
Damac, the Dubai-based developer of the project, selected the Australian property construction and development company to build the tower.
High-rise Construction | Sep 7, 2016
Shenzhen Kingkey Group submits re-planning package for what could become China’s tallest tower
The high-rise, H700 Shenzhen Tower, is one of a group of towers being built in Shenzhen’s Caiwuwei financial and commercial area.
High-rise Construction | Sep 6, 2016
Peddle Thorp Architects' solar-powered Melbourne high-rise looks to go off the grid
The skyscraper would be the first in Australia to incorporate solar cells in its façade.
High-rise Construction | Aug 22, 2016
Tall buildings with a twist: CTBUH ranks the world’s 28 tallest twisting towers
In 2005, the Turning Toroso, designed by Santiago Calatrava, was completed, making it the first twisting skyscraper in the world.
