While the fate of the midcentury General Growth Building has been the subject of speculation for a number of years, it appears the ball is finally rolling on the riverfront site’s long-rumored redevelopment plans. According to an outreach email sent to nearby condominium residents, building owner the Howard Hughes Corporation along with project partner Riverside Investment & Development plan to present their plans for the low-rise building at 110 N. Wacker next week. Riverside Investment & Development is the same firm behind the 54-story Goettsch-designed tower at 150 N. Riverside, located just across the river from the General Growth site.
Designed by Graham, Anderson, Probst & White—the noted firm behind Chicago’s Merchandise Mart, Field Museum, and the Wrigley Building—the modernist 1961 structure at 110 N. Wacker was purchased by a joint venture between Howard Hughes and Development Resources back in 2014. While a legal feud between partners temporarily slammed the brakes on redevelopment, Crain’s referenced a yet to be built high-rise at the site as a potential new home for law firm Sidley Austin as recently as last month. General Growth’s current lease is reportedly not set to expire until 2019.