Related Midwest today announced that construction on One Bennett Park, the developer’s ultra-luxury residential tower at 451 E. Grand Ave. in Chicago’s Streeterville neighborhood, is running on schedule two years before completion, surpassing the 100-foot milestone. Last week, crews poured the ninth and 10th floors of the 70-story high-rise, slated to be Chicago’s tallest all-residential tower, with topping-off anticipated for early 2018.
Designed by internationally renowned architecture firm Robert A.M. Stern Architects, One Bennett Park will include 69 condominiums and 279 apartments adjacent to a 1.7-acre park by Michael Van Valkenburgh Associates Inc., the firm that designed Maggie Daley Park and The 606 and was recently selected as lead landscape architect for the Obama Presidential Center. Chicago-based Lendlease is serving as the general contractor on One Bennett Park, with Chicago-based GREC Architects as architect of record. The tower broke ground in February 2016 and is scheduled for completion in mid-2019.
“Each day, we’re seeing our vision for One Bennett Park come to life, bringing with it a new standard of vertical homes unparalleled in the Chicago market,” said Curt Bailey, president of Related Midwest. “With Robert A.M. Stern Architects designing both the elegant exterior and gracious interiors of the tower, One Bennett Park will offer homes designed as heirlooms that can be passed down from one generation to the next. We’re proud to continue our legacy of creating iconic Chicago towers designed to stand the test of time.”
Located on floors 41 through 66 of the tower, condominium residences at One Bennett Park will average 3,200 square feet and include two-, three- and four-bedroom floor plans, including three full-floor penthouses. Related Midwest is currently marketing a selection of units ranging in size from 1,737 to 7,500 square feet and priced between $1.85 million and $15 million, with first deliveries scheduled for late 2018.
“Our progress on One Bennett Park is a testament to our team’s experience executing developments of this size and complexity,” said Don Biernacki, senior vice president of construction at Related Midwest. “Despite some weather-related challenges encountered over the winter, we’ve managed to stay on track with our construction schedule. We’ve entered a three-day pour phase, meaning that we’re pouring one full floor in just three days’ time.”
For more information on One Bennett Park, visit www.onebennettpark.com. Click here to view a time-lapse video of construction, beginning with site clearance in February 2016.
About Related Midwest:
Related Midwest, the Chicago office of Related Companies, is the preeminent developer of luxury condominium and rental homes, affordable housing communities and mixed-use properties in Chicago. Recognized for its architecturally significant, market-defining projects and led by industry veterans who have integrated both property management and residential sales expertise into the development model, Related Midwest has reshaped five-star living in downtown Chicago through its two luxury apartment developments: 500 Lake Shore Drive and OneEleven. The firm’s multibillion-dollar pipeline includes the Robert A.M. Stern Architects-designed One Bennett Park, a 70-story ultra-luxury residential tower under construction at 451 E. Grand in Chicago’s Streeterville neighborhood. Slated to be Chicago’s tallest all-residential tower when completed in mid-2019, the development will feature 69 condominiums and 279 apartments, as well as a 1.7-acre park by Michael Van Valkenburgh Associates. Related Midwest is also constructing a 30-story, 300-unit luxury rental tower at 1035 W. Van Buren in the West Loop and is involved in the upcoming redevelopment of the historic Julia C. Lathrop Homes on Chicago’s Northwest Side. In addition, Related Midwest is planning two of Chicago’s most anticipated developments: 400 N. Lake Shore Drive, located on the site of the former Chicago Spire project; and a mixed-use, master-planned community on 62 acres at the southwest corner of Clark Street and Roosevelt Road, one of the largest vacant tracts of land in the city.
Designed by Robert A.M. Stern Architects, One Bennett Park will include 69 ultra-luxury condominiums and 279 apartments adjacent to a 1.7-acre park by Michael Van Valkenburgh Associates Inc.