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Groundbreakings

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For the first time in several years there's been a groundbreaking for a new downtown office tower. The not-so-little tyke is named River Point, and it'll deliver roughly one million square feet of office space at a prime Lake Street riverfront location— all on spec. There's a glut of office space in suburbs and the situation isn't much different in the city, except when it comes to top-level office availability. The Mayor was predictably giddy at yesterday's ceremony: "A thousand new jobs in the city of Chicago building this building, that will house 3,000 office workers here in this building." Developers were likewise enthused, and their statements better composed. The gist: Chicago is ready for this. [CBS Chicago, previously]