While we are very skeptical of this project, it would be a big deal and would definitely change the look and feel of South Loop architecture (via Curbed Chicago):
Is this Stanley Saitowitz designed tower coming to Chicago's South Loop? According to an inquiry to Natoma Architects last year, a rep from the San Francisco based architecture and design firm basically told us "Don't hold your breath". In late 2012, developer Crescent Heights purchased a two acre site at the southeast corner of Michigan Avenue and Roosevelt Road, and last April, renderings for a sleek glass tower supposedly planned for the site surfaced online. However, yesterday afternoon new renderings for the mystery tower were spotted on Buzz Buzz Home. The renders also appear on Stanley Saitowitz' website.There are a bunch of other renderings on Curbed Chicago and for those of us who like these types of things it's definitely worth a look.
But onto the real question - is this going to happen? It doesn't seem like anyone really knows, but if we had to guess we would put it at less than a 5% chance of happening. Just an educated guess and it appears that there isn't any real news here, just some new renderings that have appeared.