Details are emerging on what could be in store for one of the most coveted and underused pieces of real estate in Chicago: Wolf Point. The tides may be turning for the long-vacant property that is widely considered an ideal spot for an iconic building. David Roeder of the Chicago Sun-Times is reporting that the owners, the Kennedy family, are working with Hines Interests and "starchitect" Cesar Pelli to design three towers for the four-acre site. Steel yourself: no supertall is in the works, with the tallest of the trio expected to be around 60 floors. Wolf Point is just west of Merchandise Mart and sits at the confluence of all three branches of the Chicago River, offering spectacular views. The star-crossed property, which currently serves as a parking lot, has stood vacant in the face of a string of projects that never came to fruition. Directly in front of the Sun-Times building, its days of unvarnished river views are numbered. As Hines senior VP Greg Van Schaack confides in Roeder, the formal proposal expects to be before City Hall in March or April.
·Kennedys Envision 3-Tower Development Along Chicago River [Chicago Sun-Times]