Status Under construction Management Crescent Heights Height 272 m Architect Rafael Viñoly | Type Residential Roof 892 feet (271.9 m) Floor count 76 | |
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Location 113 East Roosevelt Road
or 1200 South Indiana Avenue
Chicago, IL Similar 1000 South Michigan, One Bennett Park, Wanda Vista, River Point, One Museum Park | ||
One Grant Park (formerly 113 East Roosevelt) is a skyscraper and related development planned for Chicago, Illinois in the Near South Side community area. The skyscraper is planned to have 792 apartments and rise 829 feet (252.7 m). It is designed by Rafael Viñoly as the first of a three phase development that includes an even taller 648-unit structure as the second phase and a 100-unit townhouse development with a public park as the third phase. Financing is a prerequisite to initial groundbreaking.
The development sits adjacent to the southwest corner of Grant Park. Originally, the name 113 East Roosevelt was associated with the whole three phase development and reflects the address on Roosevelt Road (at the corner of Indiana Avenue) of Phase I of the development. To its west Phase II of the development will occur and will be a residential building at Roosevelt Road and Michigan Avenue. Phase III of the development is for townhouses and a public park on Indiana Avenue to the east of the two skyscrapers. The designs of the skyscrapers in the development will feature architectural elements that pay homage to Willis Tower. An alternate address for the location is 1200 South Indiana Avenue.
The building will be taller than any all-residential building in the city that had been completed at the time it was proposed and only be surpassed by the planned 451 East Grand as the tallest pure residential building in the city. It will also become taller than any building on the South Side of Chicago, surpassing its neighbor One Museum Park. It will also become the second tallest building in the city south of the Willis Tower (assuming 1000 South Michigan also is completed). Viñoly's prior work included Chicago's Booth School of Business building.
History
Despite the financial crisis of 2007–08 and the resulting softening market in 2007, Gerald Fogelson, co-chairman and chief executive of Central Station Development Corp., had sought approval for a 73-story Grant Park Tower III at the 113 East Roosevelt location in 2008. An 83-story Grant Park Tower IV at Michigan and Roosevelt was also planned to begin preconstruction sales in 2009. Miami developer Crescent Heights acquired the real estate for the development in 2012 for $29.5 million. The development was presented in a community meeting on September 22, 2015. The Chicago Plan Commission approved the development on November 19, 2015 in a meeting that also resulted in the approval of the Wanda Vista tower. The building will be located on a 1-acre (4,047 m2) site. On January 4, 2017, the name of the building was changed to One Grant Park as a 203 million financing loan was announced for the 792-unit, 829-foot, 76-story, luxury residential building.