Chicago Spire - Location

Location

The skyscraper was being constructed along Chicago's lakefront west of Navy Pier, located northeast of Chicago's Loop, in the Streeterville neighborhood of the Near North Side community area. The construction site is at the junction of Lake Michigan and the Chicago River, and is bordered by the Ogden Slip of the Chicago River to the north, North Lake Shore Drive to the east, the Chicago River to the south, and existing residential property to the west. The site was originally zoned for two 35- to 50-story buildings. Originally, it was to be sold by a joint venture of LR Development Company of Chicago and JER Partners of Virginia for $64 million to Christopher Carley of the Fordham Company. After numerous short-term extensions, and later Carley's failure to obtain financing, Kelleher of Shelbourne Development purchased the land instead and pledged to finance the rest of the project.