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Developers Unveil Plans for New Skyscraper Next to Tribune Tower

The owners of the iconic Tribune Tower announced plans Tuesday morning for a $1 billion project, which would include building a new skyscraper next to the building that would become Chicago’s second tallest. Golub & Co. and CIM Group say they plan to convert the Tribune Tower building into condos and retail, and build a 1,422-foot high-rise next door, where a parking lot currently sits. The plan adds 700 residences and 200 hotel rooms. Construction on the new tower would begin in 2019, and residences inside the current tower would begin being occupied in 2020. The Chicago Tribune will move from the property in June. (WGN)

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