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May 21, 2020 Comments Off on Tribune Tower East Gets Go-Ahead from City Council Views: 1011 Chicago News, Downtown

Tribune Tower East Gets Go-Ahead from City Council

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The Chicago City Council signed off on construction of Tribune Tower East, part of the redevelopment of Tribune Tower, Crain’s Chicago Business reported. Aldermen gave zoning approval to the proposal by Chicago-based Golub and Los Angeles-based CIM to build a 113-story, 1,442-foot tall hotel and residential skyscraper that would be the second-tallest building in Chicago.

Golub and CIM originally unveiled plans for the project at 421-451 N. Michigan Ave. two years ago as part of a broader redevelopment of the former home of the Chicago Tribune and WGN. They are well underway with turning the landmark 36-story building into luxury condominiums.

Tribune Tower East would include a 200-room hotel, 564 condos and apartments, a 687-stall parking garage, and 14 loading docks. The developers will fulfill the project’s affordable housing obligations primarily by paying into the city’s Affordable Housing Opportunity Fund.

Read more at Crain’s Chicago

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