(Read more on the multifamily market.)
CHICAGO-Construction is expected to begin in six weeks on a2,000-ft residential tower now that the Chicago Planning Commissionhas given the project the green light. On Thursday, the commissionapproved the design for the Chicago Spire, 400 N. Lake Shore Dr.The city zoning commission is expected to approve the project atits April 26 meeting, and the Chicago City Council is expected toapprove the design May 9.
"There is every indication it will be approved. There was noopposition [and] the planning commission approved it unanimously,"says Tom Murphy, of Thomas J. Murphy PC, general counselor andspokesman for the Dublin-based Shelbourne Development Group Inc.,the Spire developer.
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