Reilly calls Waterview restart ‘a visible recovery’

November 5, 2012 – (Above) Ceremonial sledgehammers and ceremonial rocks decorate the 28th floor of 111 West Wacker last Thursday. Related Midwest officially announced it has resumed construction on its 59-floor apartment tower at Wacker Drive and North Clark Street.

Once planned as a 92-story hotel and condo called Waterview Tower, the building stood unfinished for nearly five years due to lack of money. In his weekly newsletter on Monday, 42nd Ward Alderman Brendan Reilly, who attended the ceremony, said the restart demonstrates “a visible recovery in one of Chicago’s most prominent real estate locations.”

The building should be finished in 2014. Photo by Lynn Becker. (Click on image to view larger version.)