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Eterra Plus, Crescent Heights Plan Downtown Chicago Towers
Two more developers, Eterra Plus LLC and Crescent Heights, are making long-term plans to build in downtown Chicago, COVID-19 notwithstanding, the Chicago Tribune reported. The projects in the South Loop and the Near West Side would add three towers to the landscape.
Eterra Plus proposes two towers at 525 S. Wabash Ave., and hopes to start building by next fall. That $300-million proposal includes a 23-story building with 314 hotel rooms and 261 apartments and a 36-story tower with 516 apartments.
Unlike the Eterra Plus project, the 47-story tower Crescent Heights hopes to build at 640 W. Washington Blvd. would require a zoning change. It would include up to 413 apartments.
“We believe in the continued theme of a ‘work-live-play’ dynamic and believe the site offers the same, if not more, of the attributes post-COVID as it did pre-COVID,” Crescent Heights VP Jason Buchberg told the Tribune.
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