Everything about Waterview Tower totally explained
Waterview Tower is a mixed used development under construction in downtown
Chicago,
Illinois. Scheduled for completion in
2009, it'll be the fifth tallest building in Chicago and the third tallest residential building at 319 meters (1,047 feet and 1/2 inch) 90 stories tall.
According to sources at Teng Construction, and a Chicago Tribune business news
article
, funding for the project has been difficult to secure. However, it was announced on April 16, 2008 that a $300MM dollar loan was secured from a Chinese bank.
Nonetheless, all construction at the site had been stopped for over a week, and a notice of
natural gas termination was posted to the main entry gate on April 30, 2008, suggesting that perhaps not all the financial woes are fully resolved.
CONSTRUCTION UPDATE
May 19, 2008 Work has been stopped for over 3 weeks now
Location
The
supertall tower is being built on
Wacker Drive between
LaSalle Street and Clark Street, where a
parking lot had been for over 30 years.
Tenants
Hong Kong-based
Shangri-La Hotels and Resorts will make its debut in the
United States by occupying floors 12 through 27 of the building with a
5-star hotel containing 200 hotel condominium units.
Layout
Waterview Tower will have parking for guest and residents on floors 2 to 11. The
Shangri-La Hotel will occupy floors 12 through 27 with 200 hotel condominiums. A setback at the 29th floor level will hold a rooftop garden in addition to being the amenities level for all building guests and residents.
The remaining 30 through 88 floors will comprise of 233 condominium and penthouse residences.
Design
The Waterview Tower will be a concrete building with an exterior wall made of
glass,
granite and
aluminum to generate a prismatic look.
[
Per one of the city's approval conditions to include an outdoor garden, a terrace will spread over approximately
8,000 square feet featuring landscaping, water elements, sun deck, and pet recreation area on the 29th floor.][
]Construction photographs
Image:WaterviewTowerChicago_06_30_07.jpg|July 29th, 2007
Image:Waterview 01 27 08.jpg|Jan 27th, 2008
Image:WaterviewChicago04_05_08.jpg|April 5th, 2008
Further Information
Get more info on 'Waterview Tower'.
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