Wednesday, February 18, 2009

Chicago Spire

The Chicago Spire is a supertall skyscraper under construction/on hold (due to the current global economic situation) in Chicago, Illinois. The building was designed by Spanish architect Santiago Calatrava and is being developed by Garrett Kelleher of Shelbourne Development Group, Inc. If completed, at 2000 feet (609.6 m) and with 150 floors, it will be among the world's tallest buildings and freestanding structures.

Originally announced in July 2005 by Christopher T. Carley of the Fordham Company, the project was supported by many Chicagoans and city officials. After several months of development, Carley failed to acquire necessary financing and the project was taken over by Garrett Kelleher of the Shelbourne Development Group. Since that time, three major revisions were made to the design. Construction of the Chicago Spire has been slowed by the developer and will not resume normal activity until the markets improve from the subprime mortgage crisis. On October 8, 2008, Santiago Calatrava filed a lien on the project stating that the developer has yet to pay him the $11.34 million owed for his work. The lien reflects a contractual dispute, and the project may be temporarily halted.

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