A venture of Crescent Heights earlier this month bought a two-acre site at the southeast corner of Michigan Avenue and Roosevelt Road, as well as a one-acre property close to 13th Street and Indiana Avenue, according to a statement from the company.Right now, these empty lots are an eye sore. But anyone can see the potential value. The views from a building on this land would be absolutely breathtaking.
|Old renderings for towers at Roosevelt and Michigan/Indiana|
As you may recall, at one point there were some pretty sexy renderings floating around (picture to the right). We can only assume those are dead, but according to the article:
The firm could build up to 1,200 residential units, 1,500 hotel rooms or 325,000 square feet of office or retail space on the parcel, in a building as tall as 70 stories.We will keep an eye out for future plans. The least they could do is maybe clean the empty lot up a little.
Finally, what's the deal with them buying an acre near 13th and Indiana? Is that the land that housed the sales office for One Museum Park?
(Hat tip: E & MH!)