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108 North State Street is a site currently under development as an urban center located in the Loop community area of downtown Chicago, Illinois. The 3 building structure was being developed by Joseph Freed and Associates LLC, as a project inherited from the Mills Corporation. However, in 2011 Bank of America foreclosed on the property and sold it in 2012 to CIM Group. Retail development responsibilities were undertaken by Joseph Freed and Associates LLC. It is located on the square block bounded clockwise from the North by West Randolph Street, North State Street, West Washington Street and North Dearborn Street that is known as "Block 37", which was its designated number as one of the original 58 blocks of the city.〔 The project broke ground on November 15, 2005. On July 31, 2006, the construction phase began. July 2008 marked the opening of the first of the three structures and the shopping center opened in November 2009. The Mills Corporation has also been contracted to develop an underground transit center beneath Block 37 that will be jointly funded by the City of Chicago, the Chicago Transit Authority and The Mills Corporation. The planned project includes a new subway station, track connections and a common downtown airport check-in facility for train service to both O'Hare and Midway airports. Since the purchase in April 2007 the project has stalled. The CTA has pulled out of the project and the current economic climate has stalled the project. Delays in completion have caused the project to lose major tenants. Both Block 37 and The Mills Corporation have histories of financial difficulties. Block 37 had been demolished in 1989 for a hotly contested redevelopment plan under the then new Chicago Mayor Richard M. Daley. The debates included the demolition of the Chicago Landmark McCarthy Building, which proceeded after the Illinois Supreme Court decided private preservation groups did not have standing to challenge the city's decision. Once the site was cleared, the initial redevelopment plan fell through, as did several subsequent plans, leaving the block vacant and undeveloped for nearly a generation. The Mills Corporation has itself been in financial difficulty in the past. This reputation and changing financial climate caused a delay in 2006 as contractors feared not getting paid. During the construction, cost overruns and delays have forced the city of Chicago and the Chicago Transit Authority to make up for a shortfall of over $100 million. In November 2009, the developer was declared in default and CB Richard Ellis was named receiver. By February 2012, the building remained only 26 percent occupied due to the undesirability of leasing space in bankruptcy proceedings. Construction of the apartment tower began in October 2014. The retail spaces remained only 52 leased at the time. == Details == According to plans, it will be composed of three united structures: a 21-story residential condominium tower called 108 North State Condominium Tower at North State Street and West Randolph Street, a 20-story hotel tower called 108 North State Hotel Tower at West Randolph Street and North Dearborn street, and a 17-story tower called CBS Broadcast Center at North State Street and West Washington Street (for WBBM-TV, CBS 2).〔(【引用サイトリンク】accessdate=April 9, 2007 )〕 At one point, there was talk that the hotel tower has been abandoned in favor of a second residential tower.〔 However, more recently it seems that the hotel tower is still anticipated.〔〔 These structures will rise above lower level retail space. It is expected to have a very eclectic mix of shopping, entertainment, and dining in its lower retail floors. There were plans for an underground CTA transit station providing express service to O'Hare and Midway airports via the "L", as well as local connections via the CTA Blue and Red line subways (connecting the Washington/Dearborn and Washington/State stations, respectively). The CTA superstation has been mothballed due to $100 million cost overruns & limited interest in private operator of the express service. In November 2008, the city proposed new financing to enable Loews Hotels build the 354-room planned hotel. Architecturally, the main floor will feature transparent cornered project fascades and clear glass street level views. The multiple structures will feature approximately 400,000 square feet (40,000 m²) of retail, entertainment and dining space; 200,000 to 450,000 square feet (42,000 m²) of office space; a 354-room hotel; a 200- to 300-unit residential tower; and a state-of-the-art CTA transit station providing service to and from Chicago’s O’Hare and Midway airports. It will be flanked to the west by the Richard J. Daley Center and to the east by the former Marshall Field and Company Building. It is part of the central business district that includes Chicago City Hall and the James R. Thompson Center (the State of Illinois office building) within 2 blocks. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「108 North State Street」の詳細全文を読む スポンサード リンク
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