113 East Roosevelt (Phase II)
Phase II of 113 East Roosevelt is a skyscraper planned for Chicago, Illinois in the Near South Side community area. It will be located at the southeast corner of Roosevelt Road and Michigan Avenue, located adjacent to the southwest corner of Grant Park. The skyscraper is designed by Rafael Viñoly as the second of a three phase development that includes a slightly shorter Phase I NEMA and a 100-unit townhouse development and public park as the third phase. It is planned to have 648 units that will likely be condominiums. Miami developer Crescent Heights acquired the real estate for the development in 2012 for $29.5 million. The development was presented in a community meeting on September 22, 2015. The Chicago Plan Commission approved the development on November 19, 2015 in a meeting that also resulted in the approval of the Wanda Vista tower. The building will be located on a site. Financing is a prerequisite to initial groundbreaking.
