Nov 1 2006
Leopardo Construction, a leading construction services firm, announced that it has been awarded the general contract for the construction of an 80-story, 900,000-square-foot tower at 830 South Michigan Avenue.
The tower includes 376 residential units and 35,000 square feet of retail space including a 9,000-square-foot restaurant, a grocery store and a spa. The contract was awarded by 830 S. Michigan L.L.C. as represented by Warren Barr with Renaissant Development Group of Oak Brook, Ill.
Marketed as Park Michigan, the building will reach 855 feet tall to rank as one of Chicago's 10 tallest and the city's tallest tower south of Van Buren. At completion, it will create a new focal point in Chicago's southern skyline and feature unrestricted, panoramic views.
Preconstruction of the $200 million project has already begun. Construction will begin in late 2007 for delivery in 2010.
The 80-story tower is set back on Wabash, behind the 19th century YWCA building on Michigan Avenue. The Michigan Avenue façade will be preserved and restored with its original architectural features, and serve as the main entrance and lobby.
The 376 units will consist of one- to four-bedroom condos ranging from 700 to 3,000 square feet. Lower levels will be comprised of six units each narrowing to two units per floor at the top.
Additional amenities include landscaped decks, green roofs, indoor and outdoor pools, fitness center, 470-plus condo parking spaces and an illuminated crown to serve as a beacon for the South Loop skyline.
Leopardo Construction is serving as general contractor with Pappageorge/Haymes as architect.
Leopardo recently completed Lakeside Tower, a 20-story, 143-unit condominium totaling 243,000 square feet in Chicago's South Loop, and is 45 percent complete with Vision on State, a 20-story, 401,000-square-foot, 253-unit condo project. Leopardo is also in the preconstruction phase of a 525,000-square-foot hotel waterpark resort in Hoffman Estates.