New details emerged on the transformative, $1 billion mixed-use development that’s ongoing at Wolf Point on Chicago’s riverfront. According to reports, the second of three planned towers at Wolf Point–named Wolf Point East — will rise 66 stories and be designed by architecture firm Pelli Clarke Pelli. Construction will be begin early next year with a projected 2019 open date.
Wolf Point East will stand 750-feet tall and house 707 luxury apartments. It would be one of the biggest apartment buildings in the city when it is completed. Wolf Point East joins a 46-story high-rise that opened in January called Wolf Point West. Rents at Wolf Point West start at $1,721 a month for a 498 square-foot studio, according to its Web site. A third tower that would rise 950 feet is also planned for the southern end of the Wolf Point site. No timetable on construction of the third tower has been revealed.
Once all three towers are completed there will be a total of 450 hotel rooms and 1,400 residential units newly opened at the confluence of the North, South and Main Branches of the Chicago River.
As for Wolf Point East, which comes with a price tag of approximately $360 million, it will have more than just apartments and hotel rooms. Plans also call for 40,000 square-feet of amenity space, 3,000 square-feet of retail on the ground floor and 198 parking spots.
Local reports note these towers are just part of several new projects in the area that figure to transform this prime section of Chicago riverfront. In addition to several other high-rises being already in the pipeline, there are also plans for a two-acre riverfront park with a riverwalk, which would have its own restaurant or cafe.
These are certainly transformative times for Chicago’s River North neighborhood.