Related Midwest next in line for Waterview Tower

Waterview Tower, ChicagoWill we soon add Waterview Tower to our running list of new apartment high-rises?

Related Midwest is the latest developer attempting to kick-start new construction at the Waterview Tower site at 111 W Wacker Dr in the Loop, Crain’s reports. There’s no word from Related about its intentions, but as Magellan Development co-CEO James Loewenberg tells Crain’s, “There’s no question that there’s a lot of money chasing apartments.”

Waterview was planned as a 90-story skyscraper featuring condos and a Shangri-La Hotel. Construction reached the 27th floor before the venture fell apart; since then, at least two developers have announced plans for retrofitting the building for offices and hotel suites.