[Jan 14]CHICAGO, USA--After a four-month delay, Dublin-based Shelbourne
Development Ltd. will start selling the 1,194 super-luxury units
it plans to build in a twisting 2,000-foot-tall tower designed by
architect Santiago Calatrava.
Photo: The Chicago Spire as presented by Architect
Santiago Calatrava and Developer Garrett Kelleher Thursday, April
/Handout illustration (enlarge
No two residences are alike at The Chicago Spire,
with each suite, gallery, one-four bedroom home and penthouse offering
a unique floor plan and outstanding city and lakefront views.
Ranging from 534 - 10,309 square feet, units are priced
from USD 750,000. The largest home, a spectacular two-floor penthouse,
is USD 40,000,000.
The Chicago Spire, situated on a 2.2 acre
site where the Chicago River meets Lake Michigan, will be the world's
tallest residential building. Conceived as an environmentally
sensitive project, The Chicago Spire is designed to meet the gold
standard of LEED certification and has already won a number of awards
for its innovative approach to design and construction.
Some of the many environmentally-sensitive features
include a vacuum garbage shoot with automatic sorting for recycling,
recycled rainwater for landscape maintenance and a highly efficient
geo-thermal cooling system.
In addition, The Chicago Spire will have the world's
longest elevator run at 1,864 feet, shattering the current world
record by 500 feet.
Shelbourne not only wants to build the world's tallest
residential tower, with prices of $1,400 a square foot and higher,
but also aims to raise the price level of luxury living in downtown
Mr. Kelleher’s Shelbourne Development Group
Inc. says “Our world-class team is creating what will not only become
a spectacular home for its residents, but a dramatic new contribution
to Chicago’s skyline.
”Already about 600 people have made appointments to
visit the sales office at 455 N. Cityfront Plaza. "
There's interest in the building because it's one-of-a-kind,"
a Shelbourne spokeswoman said last week. With most units priced
from $750,000 to $15 million, she added, "it will appeal to a specific
After initially opening its office to American
investors, Shelbourne will launch the development overseas where
it expects to sell at least 1,000 units. Shelbourne chief executive
Garrett Kelleher said the company's international road show starts
on Jan. 23 where it will visit Dublin, London, Shanghai, Hong Kong,
Moscow, Johannesburg and other major capitals.
The architect of Chicago Spire is Santiago Calatrava.
When delivered in 2011 with 150 stories, it is expected to stand
taller than Chicago's Sears Towers, New York's upcoming Freedom
Tower and Toronto's CN Tower. It was originally launched on July
2005, but had undergone three major design revisions.
The construction of the Chicago Spire started in July
2007. The subground phase, which involves the drilling of 34 supporting
caissons into 120 feet of bedrock, is expected to be completed by
the first quarter of this year.
Developer: Shelbourne Development Ltd.
Architect/engineer: Santiago Calatrava Height:
2,000 feet, which is taller than Sears Tower (1,450 feet)
Number of stories: 150, with a proposed multistory