The silver lining is that empty lots may get developed at a faster rate, since the demand won’t be satisfied as quickly with shorter buildings. Chicago’s West Loop is experiencing something similar from years of NIMBYs blocking anything taller than 10-20 stories.
The Wexners are big supporters of the Peninsula (and its cultural institutions). I’d bet with their interest, eventually some institution will be built there.
It’s fascinating to watch. If you ever get bored, look up photos of the early stages of construction on 150 N Riverside (wedged between the Chicago river and active passenger rail lines) or Vista Tower (supetall with a road going through the lower floors).
I’m very excited to watch this one rise!
Hmm, you may be right. According to the CBF article, they’re still asking for a variance of up to 150 feet, but the renderings released definitely don’t include a tower.
I’m excited to see the renderings of the tower portion (though it sounds like that won’t be built for another few years). This will improve the view from 670.
Not a fan of the weird verical thin rectangle on the right side of the right rendering, the rest of it looks nice though (and happy to see a floor count increase).
Maybe 53K is only for the museum part of the building, and not the entire thing? I'm assuming there's event space and probably offices in there as well.