Chicago City Council has approved a plan to construct a three-tower mixed-use complex around the former Chicago Main Post Office. Joseph Antunovich, the architect who has been tapped for the project, told DNAinfo Chicago that the city council’s vote entitled him “to build what could be the tallest building in the United States.”
The architect also said that he and Bill Davies, the owner of the downtown property, have no “small plans” for the site and that phase one of the construction is expected to take seven to 10 years and cost $1.5 billion. The ambitious first phase (heck, it’s all pretty ambitious!) would encompass 3,000 rental units, 320 hotel rooms, 525,000 square feet of office space and 800,000 square feet of retail.
Antunovich and Davies’ long term proposal calls for the construction of three new towers built around the landmark post office, which would be refurbished.
However, their lofty goals have been met with some skepticism from Dennis McClendon, VP for planning and development at downtown Chicago neighborhood association South Loop Neighbors.
McClendon told DNAinfo Chicago that there’s “virtually no chance that the whole project will be built,” stating the potential prices of the residential units are likely higher than what Chicago’s market can support, among other issues.
Davies is currently searching for investors in the project so we’ll have to wait to see if the new new tallest building in the US materializes or if Antunovich and Davies opt for something more modest.
Rendering: Antunovich Associates