Mandarin Oriental, Chicago

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Mandarin Oriental Tower Chicago
Information
Location 215 N. Michigan Ave
Chicago, Illinois
Status Construction imminent
Groundbreaking 1st quarter of 2008 [1]
Estimated completion 2010
Opening Spring 2010 (est.)
Use Mixed
Height
Roof 283 m (930 ft)
Technical details
Floor count 74 [2]
Companies
Architect Solomon, Cordwell, Buenz and Assoc.
Contractor Bovis Lend-Lease
Developer Mandarin Oriental Hotel Group
Palladian Development [[3]]

The Mandarin Oriental Tower in Chicago will be a 74-story 930 foot (283 m) mixed use building targeted to be the ninth tallest building in Chicago upon its completion in 2010, assuming the Trump Tower Chicago and Waterview Tower are completed first (both currently under construction). The Mandarin Oriental Tower in Chicago is being built by the Hong-Kong based Mandarin Oriental Hotel Group which current operates over 30 hotels all over the world.

This mixed-use building will offer 5-star 250 hotel condominium guest rooms in the Mandarin Oriental hotel (floors 28-40), 100 resident units (floors 41-54), and 150 tower condominiums (floors 55-74). All 500 units will be offered for sale. Located on the first 28 floors will be high-tech business and conference facilities, two ballrooms, two restaurants, boutique shops, valet parking, and a 32,000 square-foot (3,000 square meter) health club and spa. [4]

On December 2, a report in Crains Chicago Business stated that various parties involved with this building are having financial issues, and receiving a construction loan may become difficult. This problem is being magnified by the current real estate slump going on in the U.S., and it is possible this tower may never actually be built. At one point, groundbreaking was planned for January 2008 but, as of May 2008, groundbreaking has yet to occur.

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