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 | Aug 25, 2021
Summit One Vanderbilt immersive experience and observatory set to open
The project is located in the crown of One Vanderbilt.
Office Buildings | Aug 4, 2021
‘Lighthouse’ office tower will be new headquarters for A2A in Milan
The tower, dubbed Torre Faro, reimagines the company’s office spaces to adapt to people’s ever-changing needs at work.
High-rise Construction | May 27, 2021
The anti-high rise: Seattle's The Net by NBBJ
In this exclusive video interview for HorizonTV, Ryan Mullenix, Design Partner with NBBJ, talks with BD+C's John Caulfield about a new building in Seattle called The Net that promotes wellness and connectivity.
Mixed-Use | Apr 22, 2021
Jakarta’s first supertall tower tops out
The project will anchor the Thamrin Nine development.
High-rise Construction | Jan 20, 2021
Casablanca Finance City Tower becomes Morphosis’ first project in Africa
The tower is the first building completed in Casablanca Finance City.
Products and Materials | Sep 23, 2020
A new portable restroom is designed for mobility
Lendlease invented the H3 Wellness Hub, which can include natural lighting and UV bacteria control.
High-rise Construction | Mar 20, 2020
Edge, the Western Hemisphere’s highest outdoor skydeck opens
The attraction is part of 30 Hudson Yards.
High-rise Construction | Nov 6, 2019
AS+GG releases design scheme for the South HeXi Yuzui Financial District and Tower
The firm won an international design competition for the project in 2018.
High-rise Construction | Oct 7, 2019
A giant shipwreck sculpture highlights the proposal for Prague’s tallest building
Sculptor David Černý and architect Tomáš Císař from the studio Black n´ Arch designed the project.
High-rise Construction | Oct 4, 2019
KPF-designed CITIC tower is Beijing’s tallest
The tower is the fourth tallest in China and the eighth tallest in the world.
