Yo’s truly has a little more news on 400 North Lake Shore Drive, the 2,000-ft. high-rise designed by Santiago Calatrava, formerly known as Fordham Spire. As we’ve said previously, Irish-based Shelbourne Development has taken over the project from The Fordham Company. The other day, Yo had a quick chat with Shelbourne’s counsel in Chicago, Tom Murphy, who gave us a few more details.
The company is still talking with Calatrava about the exterior of the 126-story building, which may be altered slightly. There will be 300 condos, tentatively priced from the $600s to $5 million (we’ll have to ask them about penthouses – guess the spire tapers a little too much to support a really massive top-floor unit.) The developer isn’t giving up any information about square footage or price per square foot at this stage. Construction is slated to being early next year and delivery is scheduled for late 2010.
Sales are expected to get underway in “a few months,” Murphy said. The unit finishes aren’t finalized. The lobby will have some distinctly Calatrava flourishes, he said, although he didn’t elaborate. “Every aspect of it will have the Santiago signature on it,” Murphy told us. “The building will be very luxurious. It’s going to have a very international feeling to it.”
We also hear that homeowners will be able to drive out of the development directly onto Lake Shore Drive. Murphy says that particular stretch of the busy road is relatively quiet.