Magellan Development Group has proposed a tower that would include a hotel with about 269 rooms combined, as 599 apartments, plus 30 furnished apartments with extended services. The plan also includes three floors of co-working space and about 9,000 square feet of retail space. The height of the tower would be 502 feet and be 47 stories. The project designer is bKL Architecture. Magellan wants to start building the tower no sooner than October 2021, and it plans to complete construction by April 2024. Magellan is seeking final site plan approval from the city’s planning department. No further approvals are needed from the Chicago Plan Commission or City Council.
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