The units are currently 80% pre-sold with 78% of the hotel unitspre-sold and 80% of the residential units pre-sold. Tere Proctor,director of sales, says 350,000 sf of office space that wasoriginally in the plans was eliminated and other space wasreconfigured to allow for additional hotel and condominium units.The hotel portion of the tower is expected to open in December.

CB Richard Ellis announced this week that it was chosen as theexclusive retail leasing agent for 75,000 sf of the 100,000 sf ofretail space in charge of leasing 75,000 sf of the retail space onthe ground level and Riverwalk levels of the building, according toa released statement from CB Richard Ellis. The retail space isexpected to open the first quarter of 2009. Todd Caruso, SharonKahan, Todd Siegel and Daniel Jacobson, all with CB Richard Ellis,will be the leasing agents. Representatives from CB Richard Ellissaid they could not comment further.

The 2.7 million-sf tower will also have 339 hotel condominiumunits, 486 residential condominium units, a restaurant, ballrooms,meeting rooms and a spa and health club. The estimated value of theproject is $850 million, says Proctor. At 1,362 feet tall, "It isthe largest residential building in North America," she says,though Shelbourne's planned Chicago Spire a few blocks northpromises to be 2,000 sf.