All Hollows' Eve, at the Stroke of Midnight, the Calatrava Spire Vanishes, Forever

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Slowly, the eerie clouds wrap around Santiago Calatrava's twisting phantom tower.  The clock strikes twelve.  The shrieking birds scatter. The dream dies.  The vision melts into air, into thin air.

The Trib's Mary Ellen Podmolik reported Friday that developer Garrett Kelleher has finally conceded that he won't be able to raise the cash to bring the doomed Chicago Spire project out of bankruptcy.  If he doesn't pony up the $22 million by end of day, the site - intended to be a 2,000-foot-high skyscraper but never getting beyond being anything more than a massive hole in the ground - will become the property of Related Midwest, which recently opened another rescued project, the 59-story 111 West Wacker.

This is the end, beautiful friend 
This is the end, my only friend, the end 
Of our elaborate plans, the end 
Of everything that stands, the end 
No safety or surprise, the end 
I'll never look into your eyes, again

Relive the Whole Amazing Story . . .

The Epic Fable of Santiago Calatrava's Chicago Spire

Abandoned Building To Luxury Tower: 111 West Wacker Sikorsky's towards completion

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Unloaded, the Sikorsky S-64 Skycrane helicopter looks a bit like a mutant orange insect:  big head, long spine, spiky tail, no body.  The S-64 is a �heavy-lift� helicopter, meaning it can carry up 20,000 pounds of payload hung from that taut spine - everything from cargo to a 2,650 gallon tank to hold retardant for fighting brush fires.

A Sikorsky S-64 put in a very noisy appearance along the Chicago river Saturday.  There were some last bits of metal to be hauled up to the roof of 111 West Wacker.  The building was topped out last October, the tall red crane that had clung to its full height dismantled the following month.  So if it was too big for the freight elevator, bring in the copter.

The Clark Street bridge was closed off as trucks brought in the parts and crews attached them to long ropes dropped from the S-64 for the careful trip to the roof.

The airlift was kind of an impromptu celebration of one of the more remarkable turnarounds in Chicago construction history.  111 West Wacker started out all the way back in 2006 as Waterview, an 80-story tower combining a four-star Shangri-La Hotel with luxury condos.  The projects architects/engineers - Teng and Associates - made the fatal mistake of deciding to also be the developer.  Bad move.  Construction halted when continuing financing failed to materialize and checks stopped clearing, and the 2008 economic crash sent the structure into what seemed to be an game-ending code blue, leaving behind bare concrete bones truncated at the 25th floor.

Waterview became the cautionary eyesore on the river, exposed and decaying, year and year.  Then, in 2011, the development firm Related Midwest signed a letter of intent to acquire the site and the stub structure  for somewhere around $26 million.  The hotel was cut, the tower shortened to a 60 stories, and a second groundbreaking ceremony was held in November of 2012 - on the 28th floor.

Although the company has also recently completed a new apartment tower at 500 North Lake Shore Drive, Related Midwest is kind of the hermit crab of Chicago development. They've been assigned to develop a plan for the historic Lathrop Homes public housing site.   In addition to 111 West Wacker, Related took on three failed condo buildings in the Central Station development designed by Pappageorge Haymes, with all the buildings rebranded.  Museum Park Place 2 became Harbor View, One Museum Park West became The Grant, and 1600 Museum Park, the most irremediably lunkish of the designs, rechristened Adler Place.

The Adler

Once Related took over Wateview, they renamed it 111 West Wacker and handed the design over to New York-based architects Handel Architects, whose large-scale work can be found across the U.S.,and in Asia and the Middle East.  Handel dumped the castellated crown Teng Associates had designed for their taller tower in favor of  sculpting the redesigned building with a �recessed glass ribbon� to carve up the curtain wall into �a series of interlocking blocks.�

845 North State at Chestnut, image via Curbed Chicago

Incising the curtain wall to break up the monotony of a tower's facade seems to be on its way to becoming the new cliche in high-rise construction.  It's already been appropriated by Solomon Cordwell Bunez for their new residential tower rising at 845 North State, which also incorporates another trendy feature from bKL's GEMS World Academy at Lakeshore East -  vertical strips to articulate the facade . . .

GEMS World Academy - photograph: Bob Johnson

. . . although while the strips at GEMS are crazy-quilt colorful, those at 845 North State are desaturated to a less punchy grayscale.

The plywood strip along the west facade at 111 West Wacker . . .

 . . . still needs to be zipped up with glass, but the curtain wall is finally wrapping around the concrete honeycomb of the original 25-story base that remained bare even as the shiny tower rose above it.

 �It's not perfect�, to pre-empt Blair's usual phrase, but 111 West Wacker is shaping up to be a striking - if unadventurous - addition to the Chicago river skywall.

Read More:

Waterview Has Risen From the Grave!

The Three Red Cranes of 111 West Wacker

111 West Wacker's Red Crane Flies the Coop

Cranes (No) Chicago Business

111 West Wacker's Red Crane Flies the Coop

Take a last look - it's deconstruction time.

This was the scene at  111 West Wacker, formerly known as the abandoned, uncompleted Waterview, which was to combined a Shangri-La hotel with luxury condos before the whole thing went bust in the crash of '08.  Like the same movie run in reverse, the morning's activity looked pretty much just like it did this past February when they began erecting that tall red crane . . .

Now, the building has been topped out, much of the curtain wall is already in place . . .

Today, construction workers blocked off Wacker to finish the job of dismantling the crane that had grown to rise above 111's 60 story roofline . . .

The work moves inside, as they finish up the building's 504 luxury apartments.  As Waterview, this project had taken on the aura of the accursed.  As 111 West Wacker, rethought and revived by Related Midwest, with a second groundbreaking last November, it now looks a sure bet to make it all the way to the finish line, late next year.


Read More:

Cranes (No) Chicago Business

Waterview Has Risen From the Grave!

The Three Red Cranes of 111 West Wacker

The Three Red Cranes of 111 West Wacker

111 West Wacker, at Clark Street along the river, may be the oldest new building in Chicago.  A long time ago - 2006 to be exact - the site looked like this . . .

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It was called Waterview, and it was to an 80-story tower combining a Shangri-La hotel and luxury condominiums.  As the tower began to ascend, the construction pushed forward with a tall red crane on the roof that rose with the building.

Then came the 2008 crash.  At the 28th floor, construction stopped.  The big red crane stood waiting for a revival that never came.  The next year the city made owners erect a second little red crane, to take down the original big red crane.

And so things stood until last November, when a new owner, Related Midwest, staged a second groundbreaking on the unfinished 28th floor.  The 80-story Waterview is now the 59-story 111 West Wacker, a 504-unit apartment structure.

There's now a new crane, but this time, not on the top, but crawling up the side like a inedible red vine, steel instead of licorice.  It's set atop a bridge-like concrete mooring . .  .

. . . and last weekend there were two more, temporary cranes on site, with the star of the show a fetching  yellow number from Grove . . .

. . . next to the new red boom sitting on closed-down lanes of Wacker Drive . . .

. . . awaiting its mounting by a crew from Crestwood's Central Crane on a momentarily stubby mast . . .

The riser segments sit on the ground . . . .

. . . awaiting their turn to be added over the next week as the crane grows, like Jack's beanstalk, on its way up to the rooftop.

After nearly five years in moth balls, 111 West Wacker rises again.  They're already doing curtain wall mockups on the corner.

If only we had left it the way it was, we could have mounted a plaque declaring it Monument to the Victims of Overreach and Reversal, and held competitions to do interesting things with the carcass, but Nooooooooo . . . 

When it comes to cranes, third time's the charm?

Read: our story and see all the pictures on the building's history and last year's groundbreaking: Waterview has Risen from the Grave!

More on Waterview:

Cranes (No) Chicago Business

Exquisite Corpses?

Waterview has Risen from the Grave! (as 111 West Wacker)

from left: Chicago Department of Buildings Commissioner Michael Merchant, Department of Housing and Economic Development Commissioner Andrew J. Mooney, 42nd ward alderman Brendan Reilly, Chicago and Cook County Building and Construction Trades Council President Tom Villanova, Related Midwest President Curt R. Bailey

NOTE:  no actual rocks were harmed in this ceremony

It's not every day you have a groundbreaking ceremony on the 28th floor, but that's exactly what happened last Thursday morning at 111 West Wacker, the 28 story-high concrete hulk along the Chicago river that has remained empty and unfinished since contractors and their workmen walked off the job four years ago.

111 West Wacker doesn't ring a bell?  How about Waterview ?

Waterview is a cautionary tale about never gambling with your own money.  Chicago architecture and engineering firm Teng and Associates launched the project in 2006.  The river-fronting West Wacker Drive streetwall had exploded with new developments during the real estate boom of the 1980's - skyscrapers like 77 and 225 West Wacker, and Leo Burnett.  Now, at the peak of a another boom, Teng announced their attention of filling fill in the last available parcel-  a 24,000-square-foot surface parking lot for as long as anyone could remember - with a 1,050 foot-high tower that would be the 5th tallest building in America, a half billion dollar project with 233 luxury condos above an ultra-luxury Shangri-La hotel with 200 "hotel condos", where the owners would rent their units back to the hotel when they weren't using them.

Starting Waterview with their own money was only Teng's first mistake.  The next was beginning construction began without having financing in place.  In 2007, Teng took out a $20 million bridge loan with LaSalle Bank to get things started, and then watched it became a bridge to nowhere as the real estate market collapsed and banks stopped lending.

Teng just kept plugging along, excavating 4,500 truckloads of Chicago clay to create four below-grade levels for parking and ballrooms.  The structure - a core and outrigger design - continued to rise, up to the 28th floor.  Teng kept the construction going by simply not cutting checks.  In September of 2008 contractors finally caught on and walked off the job.  The estimate of unpaid bills topped $100 million.

Teng suffered the consequences of not just one, but two bubbles.  The first was Chicago's condo construction bubble, which resulted in thousands of unsold units by the end of the decade.  The second was the short-lived "condo hotel" bubble.  According to a post mortem in Crain's Chicago Business, at its peak there were over a dozen local properties hitching their star to the idea of selling hotel rooms to condo owners.  Exactly one project - the Hotel Raffaelo - actually sold out and was considered a success.  Of the others, two - a Mandarin Hotel east of Michigan Avenue, and a 60-story Canyon Ranch on the site of the plaza behind St. James Cathedral on Wabash - never even broke ground.  Three more resulted in bankruptcies.  Units in Trump Tower proved a tough sell, and eventually the Elysian (now Waldorf) hotel dropped its own hotel condo project.  In March of 2009, Shangri-La pulled out of the Waterview project.

The previous April, an entity called the Export-Import Bank of China appeared to be ready to step in to provide $400 million for the project, in a deal that would have also require buying materials from Chinese suppliers. By the following November they pulled out, citing the deteriorating economy, leaving only a $4.8 million lien from Shenyand Yuanda Aluminum in their wake.  That same month, the project's sales staff was put out to pasture.

In June of 2009, Bank of America, which had assumed the bridge loan when they acquired LaSalle Bank,  filed to foreclose on the property.  Liens had been filed by dozens of unpaid contractors.  Scott Fradin, a lawyer representing Shenyard Yuana, told Crain's  "Nobody's going to get anything out of it because it's worthless."  CB Richard Ellis was hired to sell off the carcass.

After promises of a clean-up never came to fruition, the City of Chicago filed an emergency motion in July of 2009 to have the site secured, the idled construction crane at the top of the truncated tower dismantled, and the project officially certified as "abandoned".  The following January, after the usual legal haggling, a second crane was erected to deconstruct and remove the first crane, at an estimated cost of $800,000.  In 2010, Teng and Associates was absorbed into Canada's Trow Global Holdings, now exp.federal.

There were several attempts at resurrection.  Late in 2010, developer Mark Goodman proposed a $300 million project to finish Waterview off as a 60-story office tower.   In 2011 Michael Reschke, developer of the J.W. Marriott on LaSalle, reached a tentative agreement to build offices atop a hotel, but in July of 2011 Related Midwest signed a letter of intent to acquire the site, paying a consortium that included Teng and several dozen other stakeholders $26 million to gain control of the Incredible Hulk of Wacker Drive.

Related Midwest is the Chicago outpost of billionaire Stephen Ross's New York-based The Related Companies, which is now developing Hudson Yards, a $12 billion project (Rockefeller Center cost $250 million) projected to build 12 million square feet of new apartments, offices and retail on abandoned West Side railyards.

Related Midwest claims a quarter-century history in Chicago, and has worked with Lucien Lagrange on such projects as the Park Hyatt Tower and 840 North Lake Shore.  It partnered with Magellan on Martin Wolf's/Solomon Cordwell Buenz's 340 on the Park at Lakeshore East.  In the last couple years, however, as laid out at Thursday's event by Related Midwest President Curt Bailey, it's turning into a juggernaut . . .

Related has taken about a billion dollar step in the last two years in Chicago.  That's represented by this project, by 500 Lake Shore Drive, which I invite you all to come look at. . . As well, we are taking over three condo buildings in the South Loop, which represent together over 500 condos, which we will be marketing and selling over the next couple years.  That represents over 50% of the built yet unsold condo product in the market.   We remain the leader in affordable development in Chicago, specifically Parkway Gardens, a 670 unit project at 64th and Martin Luther Drive which we are re-imaging and is under rehabilitation right now, as well as Roosevelt Square, a 100 acre [CHA]"plan for transformation " project on the West Side, and we've recently been awarded the Lathrop Gardens, probably the most high-profile CHA project in the City of Chicago.

And so, at a media event last Thursday morning, it all became official.  90-story Waterview is now become 59-story 111 West Wacker, with a design by Handel Architects of New York, working with A. Epstein and Kara Mann of Chicago.  The hotel and the condos are gone, replaced by 504 high-end luxury apartments served by 470 parking spaces.  Although constriction was originally announced to have restarted earlier this year, it was only in September that Related secured a $115 million construction loan from Bank of America and U.S. Bank.  As with 500 Lake Shore, Related is partnering at 111 West with the AFL-CIO Building Investment Trust.  

 Demolition has begun at the top of the tower, and construction is slated to be completed in 2014.

The new design has taken some heat for being clunky, but you can see from the renderings above, Waterview was usually promoted through an easterly perspective that showed the slenderest profile.  You can't stuff a lot of apartments into an edge that thin.  The profiles to the west and south revealed a more capacious - and chunkier - floorplate.

The Handel website describes the rationale behind their new design, shown in the rendering above . . .

Created as a series of interlocking blocks, the tower responds to both the river and its neighbors in the form of a cut that runs from the base to the penthouses, wrapping the building in a recessed glass ribbon.

Ascending the building, the ribbon creates opportunities for green space and balconies. Wrapping the 25th floor, the ribbon ties into the setback of its western neighbor before wrapping again into a green roof atop the building podium and continuing skyward.

image courtesy Steven Dahlman, Marina City Online

The setback is also illustrated in the elevations below . . .

Especially above the setback, the vistas from the apartments should be striking.  Even on the 28th floor, the views are spectacular.

The construction of condo buildings is now pretty much at a standstill.  Once again, apartments are king.  With an expanding slew of new buildings, could the next bubble already be brewing?

Call me sentimental, but I've grown rather fond of the exposed concrete honeycomb  that is Waterview interruptus.  I'll always keep it in memory as a monument to the hubris and frailty of our compulsion for ever larger, ever taller towers. But I won't miss it.  I look forward to seeing how 111 West Wacker locks into place as the last piece in the puzzlework of the Wacker Drive streetwall, that neo-romantic museum of  architecture and urbanism that rises like a craggy mesa from the broad moat of river and esplanade.