Serving the Loop and Near North neighborhoods of downtown Chicago
Wolf Point project gets permit for caissons

Photo by Steven Dahlman

(Above) Wolf Point in October 2012. Click on image to view larger version.

September 5, 2013 – A permit to erect caissons has been issued that could get the Wolf Point project started.

Issued by the City of Chicago on August 29, the permit is to erect caissons for a 507-unit apartment tower – with an attached 200-car parking garage – at 326 North Orleans Street. This would be the first of three towers that Houston-based Hines Interests L.P. wants to build for the Kennedy family at Wolf Point near Merchandise Mart.

James McHugh Construction Company is listed on the permit as the general contractor.

Caissons are steel tubes, closed at the bottom and filled with concrete, that are buried into the ground to anchor a building. Below Marina City, for example, 154 caissons are buried 115 feet into a limestone shelf.

The cost to erect the caissons at Wolf Point was estimated at $1.5 million.

 Related story: City says court filing by Wolf Point opponents ‘misses the mark’

Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Why Cook County’s senior property tax freeze should be automatic—and permanent
Why Cook County’s senior property tax freeze should be automatic—and permanent
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Data center redevelopment at 300 West Adams approved
Data center redevelopment at 300 West Adams approved
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
Court backs City Hall in Streeterville pot shop ruling
Court backs City Hall in Streeterville pot shop ruling
ChicagoFilming.com Chicago MLS Pro Aqua Condo Homes Marina City Condo Homes West Town Condos Chicago MLS Pro