skyscraper project lake shore drive chicago illinois failed financially beginning construction originally proposed july design stories included hotel topped broadcast antenna mast design spanish architect chicago developer project march initial design building passed unanimously day meeting court ruling november brought close original development plan extended litigation year old project developer signed property location project biggest announced build planning building originally proposed july chicago developer project stories include hotel topped tall broadcast antenna mast march initial design building passed unanimously day meeting march happened city meeting march chicago city council approved design approval process council passed measure raised height limit structures site accommodate foot design height second tallest building entire world surpassed surpassed tower tallest structure tallest building building designed spanish architect developed athletic owner inc widespread support original design building residents immediate neighborhood city chicago partly building block sunlight obscure skyline lower buildings land originally chicago mayor said approved design stating environmentally friendly 42nd ward building announced said unique opportunity city chicago building belongs chicago chicago opposition neighborhood residents originated concerns increased congestion immediately voiced opposition building stating tall structure target terrorists viable project opposing comment developing tower chicago tower completed construction january blocks west chicago site built planned replaced tallest residential structure united_states towers direct competition selling residential units development initial financial problems months development failed obtain sufficient financing construction building irish developer executive chairman inc acquired land took project announced equity unable financial backing acquire land lacked stated consider services development paid unspecified sum involvement deal far later renamed project shortly going north lake shore drive longer project new designs final quarter development issued separate press releases construction design november press release stated construction begin june early december development issued press release stating design building revised included removal hotel antenna mast making building consist solely units design change altered twist consolidated base building wider original plan additionally longer tapered resulting increase floor space overall floor count revision removed separate parking structure original plan instead incorporating underground parking major redesign criticized architectural critics city officials late december chicago_tribune reported developer opinions revision community leaders weeks following report chicago_tribune held exclusive interview architect lead developer interview drew design ideas restoring rotating design building showcasing vision lobby march revisions shown public presentation showcasing recent design approval following march public presentation residents showed favorable reaction newest design approved final plans april chicago committee approved tower april approved final design marketing june sold units half foreign investors markets certain regulations apply announced september building sold manufacturer offered rent units guaranteed return spur sales approach common outside united_states tower marketed heavily meant spur sales smallest units likely purchased rental property investments foreigners financial crisis suspension construction october recession beginning affect project construction suspended tower architect placed million construction site stating paid work months primary project brink financial collapse bank stocks lost nearly value facing bank dire financial situation development forced suspend construction eventually pay million usd borrowed additional litigation threatened project autumn owner chicago sued development sales office extensive modeling units installed lawsuit alleged usd lease payments addition listed property filed lawsuit million usd lawsuit attempt collect sum unpaid loans initial construction chicago site setbacks announced late discussing potential million usd land loan retire loan pay outstanding restart work exchange making construction completely union job lack construction sluggish economy chicago unions desperate find work employees faced near unemployment construction provided approximately time jobs union members years construction resumed addition million usd invested personally project backup financing unspecified unknown source form capital bridge loans guaranteed kicked automatically million usd loan secured weeks official announcement searching union major labor union investment funds declined offer loans continued search financing development faced offices 50th floor owed unpaid rent earlier year chicago sales office ejected nearby nbc tower october filed million lawsuit claiming loans development company default year bank expected possession site end year courts handed control site receiver leaving project time dead addition chicago firms purchased tax certificates property failure reorganization plan end project site sale ireland interest resumed drawing half dozen offers property bankruptcy ruling october end march obtain approval reorganization plan considering bid control property hope skyscraper actually built february sought court approval offer million intended project emergence bankruptcy deadline august having court approved reorganization plan hearing march announced reached agreement plan project creditors including bought project debt assuming project finds funding satisfy agreement said building built control project developer intention building building planned prior suspension construction october developer failed required payment related midwest related filed suit turn deed property november signed property location lake shore drive related midwest president said related midwest build location skyscraper constructed lake shore drive chicago waterfront west navy pier northeast loop neighborhood community area site junction bordered slip north east south existing residential property west site originally story buildings originally sold joint venture chicago virginia million numerous short term extensions later failure obtain financing purchased land instead pledged finance rest project park project announced pledged assist development city proposed park property park cover acres million budget planned renovation march pledged pay million development park making deficit left city initial pledge million far exceeding initial offer pledge jumped million soil tests performed december soil proposed park showed contamination radioactive operated location nearby closing location 1930s contaminated soil dumped location proposed park march stated clean land incomplete hazards contamination avoided laying minimum inches concrete affected soil approach feasible site adjacent park chicago park district received funding site radioactive soil shipping site summer park district website reported completed september architecture designs inspired themes designs nature tall twisting skyscraper likened structure imaginary smoke spiral coming near lit native americans indigenous area related building newly designed pinnacle graceful rotating forms shell standing feet transformed growing chicago skyline plans tower included building stories rotated degrees total degree rotation february prices announced ranging million usd supplemental structural support floor surrounded corners concave sides similar tower observation decks design included community room floor offering residents view states design soaring story lobby skyscraper included translucent glass walls framed steel reinforced concrete building described giant drill bit public media likened tall twisting tree blade grass curved design offered major benefits structure building curved designs found sweden tend add strength structure similar principle past curved stadium roofs addition structural support curved face exterior minimize wind forces rectangular buildings fluid wind flow puts pressure face building air moves applied face causes sway tall buildings usually partially structure dynamic wind curved design completely wind forces tapering concrete core shear walls planned counteract remaining wind load additionally designed world class sustainable engineering practices meet leadership energy environmental design gold recognition sustainable features included recycled river water cooling sensitive glass protect migratory birds intelligent building management systems waste storage recycling management monitored outdoor air delivery construction following city approval announced construction begin summer work scheduled begin early june designated staging area construction tower sales center opened january september developer announced construction continuing building pace construction slowed financial markets recovered mortgage crisis promised financial backing analysts questioned ability project survive current economic decline contractor build building superstructure named october edition wall_street_journal said building foundation complete ground construction continue markets recover underground phase crane parts construction equipment arrived site june following day development officially announced construction contract preparation construction concrete steel feet bedrock underground completed june feet diameter feet depth installed create work environment later acted foundation building core utility upgrades planned surrounding neighborhood images
Chicago Spire