Plan Commission Approves New Hughes Tower

Sweeping views of the river and downtown will be one of the building’s great selling points.

CHICAGO—The Howard Hughes Corp. got another step closer to breaking ground on the trophy class office building it plans to build at 110 N. Wacker Dr. with yesterday’s unanimous approval at the Chicago Plan Commission meeting. The 51-story building will become one of several just-completed or rising trophy office buildings in the West Loop. Howard Hughes Corp. will collaborate with Riverside Investment & Development, Goettsch Partners and CBRE – the same development, design and leasing team behind the recently completed 150 North Riverside Plaza office tower.

The new trophy towers have already brought about great changes to the CBD’s office market. The downtown in effect has a new class of office buildings, ones with far better amenities and design elements than the older class A projects. And so far, developers have found a tremendous demand among tenants for these class A+ offices.