Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Chicago developers unveil Tribune Tower redevelopment plans

By: Associated Press
April 16, 2018 Updated: April 16, 2018 at 8:46 pm
0

CHICAGO (AP) — The owners of Chicago's Tribune Tower have unveiled plans to build a skyscraper next to the neo-Gothic building that would be the city's second tallest.

Chicago-based Golub & Co. and CIM Group of Los Angeles on Monday announced a plan to convert the home of the Chicago Tribune into residential condominiums and retail space. Next door to it they propose a 1,422-foot high-rise with 700 residences and 200 hotel rooms.

The Chicago Tribune will move from Tribune Tower in June. CIM Group and Golub purchased the building in 2016 for $240 million.

The first phase of the more than $1 billion project calls for 163 condominiums at Tribune Tower, to be occupied in 2020. Construction on the new tower is tentatively scheduled to start in 2019.

Developer Lee Golub says the appeal of the proposed development is its location along Michigan Avenue, making it at the "center of everything here."

Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Wake up with today's top stories in your inbox

Wake up with today's top stories in your inbox

or
Already a print subscriber?
Already a digital subscriber?
 
This is your last FREE article for the month
This is your last FREE article for the month

Subscribe now and enjoy Unlimited Digital Access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
You have reached your article limit for the month
You have reached your article limit for the month

We hope that you've enjoyed your complimentary access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?
 

Exclusive Subscriber Content

You read The Gazette because you care about your community and the local stories you can't find anywhere else.

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber? Get Access | Already a digital subscriber? Log In
 
articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.