NEMA (Chicago) explained

NEMA (Chicago)
Building Type:Residential
Location:1210 South Indiana Avenue
Chicago, Illinois 60606
Status:Complete
Roof:896feet
Floor Count:76
Est Completion:2019
Parking:622
Unit Count:800
Architect:Rafael Viñoly
Main Contractor:James McHugh Construction Co.
Structural Engineer:Magnusson Klemencic Associates
Management:Crescent Heights
References:[1]

NEMA (Chicago) (also 1210 South Indiana and formerly 113 East Roosevelt or One Grant Park) is a 76-story residential skyscraper in Chicago, Illinois in the Central Station neighborhood, of the Near South Side. The tower, built by developer Crescent Heights, has 800 apartments and rises 896feet making it the city's tallest rental apartment building.[2] [3] [4] NEMA is the tenth-tallest building in Chicago and the forty first-tallest building in the United States. It is the tallest all-rental residential building in the city.[5]

NEMA is designed by Rafael Viñoly as the first of a three phase development that includes an even taller 648-unit structure as the second phase and a 100-unit townhouse development with a public park as the third phase.[6] [7] Building interiors are designed by David Rockwell.[8]

History

Despite the financial crisis of 2007–08 and the resulting softening market in 2007, Gerald Fogelson, co-chairman and chief executive of Central Station Development Corp., had sought approval for a 73-story Grant Park Tower III at the 113 East Roosevelt location in 2008.[9] An 83-story Grant Park Tower IV at Michigan and Roosevelt was also planned to begin preconstruction sales in 2009.[10] Miami developer Crescent Heights acquired the real estate for the development in 2012 for $29.5 million.[11] The development was presented in a community meeting on September 22, 2015.[7] 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.[12] The building will be located on a 10NaN0 site once used for Illinois Central Railroad tracks in the 1960s.[13] [11] On January 4, 2017, the name of the building was changed to One Grant Park after a 203 million financing loan was announced for the 792-unit, 829-foot, 76-story, luxury residential building.[14] [15]

In 2018, the name was changed again to NEMA, short for "New Market," a lifestyle brand with sister buildings in San Francisco and a project in development in Boston.[16] During the second quarter of 2019, occupants began taking residence.[17] [18] In mid-2019 Crescent Heights refinanced its original construction loans with KKR Real Estate Finance Trust in order to lower its interest rates by about 80 basis points. By that time, 35 percent of the apartments had been leased.[17]

The development sits adjacent to the southwest corner of Grant Park.[19] Originally, the name 113 East Roosevelt was associated with the whole three phase development and reflects the address on Roosevelt Road (at the corner of Indiana Avenue) of Phase I of the development. To its west Phase II of the development will occur and will be a residential building at Roosevelt Road and Michigan Avenue. Phase III of the development is for townhouses and a public park on Indiana Avenue to the east of the two towers.[7] [11] The designs of the towers in the development feature architectural elements, such as “square structural bays of varying stacked heights” that pay homage to Willis Tower.[20] [21] Similar to Willis Tower, the building uses a "bundled tube" configuration, consisting of nine interlocked steel tubes as its framing system, and concrete walls extending to perimeter columns for wind protection.[22] An alternate address for the location is 1210 South Indiana Avenue.[14]

The building is the tallest residential apartment tower in Chicago.[23] [24] It is taller than any building on the South Side of Chicago, surpassing its neighbor One Museum Park.[11]

In January 2021, NEMA (Chicago) won both the Award of Excellence and the Best Tall Building Americas Audience Award of the Council on Tall Buildings and Urban Habitat (CTBUH) in the category Best Tall Building 200–299 meters.[25] [26]

Design, architecture and amenities

Chicago's NEMA Tower consists of three stacked parts: a site-filling base; a square middle section with a southern extension that looks like a giant staircase; and an upper section with several indents. Together, these parts form a sculptural whole reminiscent of Willis, even though the structural systems of the two buildings are quite different.[27]

The designs of the towers in the development feature architectural elements, such as “square structural bays of varying stacked heights” that pay homage to Willis Tower.[20] [21] Similar to Willis Tower, the building uses a "bundled tube" configuration, consisting of nine interlocked steel tubes as its framing system, and concrete walls extending to perimeter columns for wind protection.[22]

The building has 70,000 square feet of amenities,[28] including an outdoor Grant Park and Lake Michigan viewing platform; co-working space; a fitness center and spa with basketball, squash, yoga and a regulation-size boxing ring; golf simulator; indoor / outdoor swimming pool; game room; kids room; and a private dining ballroom.[29]

The interior of the South Loop Tower, including 70,000 square feet of communal space, was designed by David Rockwell, an American architect and designer from New York City.[30] The building is LEED Silver certified.[31] [32]

NEMA Chicago's architectural style has been described by Chicago Curbed magazine as "Millennium Modern.[33]

See also

External links

Notes and References

  1. Web site: One Grant Park. Skyscraper Center. CTBUH. 2017-08-11.
  2. News: Latrace. AJ. Chicago's New Tallest Apartment Building Is Open for Business. April 30, 2019. Chicago Magazine. April 8, 2019.
  3. News: O’Brien. John. Rising up: Here are Chicago's 10 tallest towers in the works. April 30, 2019. The Real Deal. April 26, 2019.
  4. Web site: New images of NEMA Chicago, Rafael Viñoly's skyline-changing tower. December 19, 2018. November 28, 2018. Curbed Chicago.
  5. Web site: From tech company expansions to the opening of Chicago's third tallest skyscraper, here's what to watch for in real estate this year. January 12, 2020. January 3, 2020. Chicago Tribune. Ori, Ryan.
  6. Web site: Rafael Viñoly updates NEMA Chicago skyscraper design. March 18, 2019 . April 29, 2019. Dezeen.
  7. Web site: Pair of residential towers proposed for East Roosevelt in South Loop. November 20, 2015. September 23, 2015. Chicago Business Journal.
  8. Web site: New interior renderings of NEMA Chicago, the city's tallest rental building. February 20, 2019. January 8, 2019. Curbed Chicago. Koziarz, Jay.
  9. Web site: Grant Park Tower III. https://web.archive.org/web/20151211052229/http://www.emporis.com/buildings/133769/grant-park-tower-iii-chicago-il-usa. dead. December 11, 2015. December 10, 2015. Emporis.
  10. Web site: Central Station developer not deterred by soft sales climate. December 10, 2015. September 17, 2007. Chicago Tribune. Diesenhouse, Susan.
  11. Web site: 76-story apartment tower proposed in South Loop. November 20, 2015. September 23, 2015. Crain's Chicago Business. Gallun, Alby.
  12. Web site: Chicago Plan Commission approves tower that would be city's 3rd tallest. November 20, 2015. November 19, 2015. Chicago Tribune. Kamin, Blair.
  13. Web site: Chicago Uncovered: NEMA Chicago. April 30, 2019. April 26, 2019. WLS-TV. Brown, Terrell.
  14. Web site: Grant Park apartment tower gets $203 million construction loan. January 6, 2017. January 4, 2017. Crain's Chicago Business. Ory, Ryan.
  15. Web site: One Grant Park, Future Tallest Skyscraper South of Willis Tower, Underway. DNAinfo Chicago. DNAinfo Chicago. 5 January 2017. dead. https://web.archive.org/web/20170105180137/https://www.dnainfo.com/chicago/20170104/south-loop/one-grant-park-future-tallest-skyscraper-south-of-willis-tower-underway. January 5, 2017. mdy-all.
  16. Web site: Residential Concept NEMA Expands U.S. Footprint. April 29, 2019. March 29, 2019. Hospitality Design. Speros, Will.
  17. Web site: Unfinished South Loop skyscraper scores $340 million loan. July 11, 2019. July 1, 2019. Crain's Chicago Business. Gallun, Alby.
  18. Web site: Downtown Chicago apartment market's hot streak continues. July 11, 2019. May 28, 2019. Crain's Chicago Business. Gallun, Alby.
  19. Web site: Proposed South Michigan Avenue towers appealing, but need to strike balance. November 20, 2015. October 30, 2015. Chicago Tribune. Kamin, Blair.
  20. Web site: Miller. Linda G.. In The News. April 29, 2019. aiany.org. March 6, 2019.
  21. Web site: 'Iconic' Proposal Calls For Twin Towers, One 76 Stories Tall, In South Loop. November 22, 2015. September 22, 2015. DNAinfo.com. Matthews, David. dead. https://web.archive.org/web/20151120124932/http://www.dnainfo.com/chicago/20150922/south-loop/iconic-proposal-calls-for-twin-towers-one-76-stories-tall-south-loop. November 20, 2015. mdy-all.
  22. Web site: NEMA, city's tallest rental high-rise, reinterprets Willis Tower in one of the finest efforts of Chicago's current building boom. January 12, 2020. December 9, 2019. Chicago Tribune. Kamin, Blair.
  23. Web site: Chicago's tallest rental residences: High-tech living with a local touch. January 10, 2019. January 7, 2019. Chicago Tribune. Moscop, Susan.
  24. Web site: A first peek inside NEMA Chicago, the city's tallest rental building. Koziarz. Jay. 17 July 2019. Curbed Chicago. 17 July 2019.
  25. Web site: World's Best Tall Buildings Announced . The Urban Developer.
  26. Web site: Best new skyscrapers recognized with CTBUH's 2021 Awards of Excellence . Archinect.
  27. Web site: Column: Near South's new giant gets it right by doing architecture the Chicago Way . https://archive.today/20191207182653/https://www.chicagotribune.com/columns/blair-kamin/ct-biz-nema-chicago-review-kamin-20191207-2zggiqykpje5hgkxlpxlf7dbtm-story.html . dead . 2019-12-07 . 2019-12-06. Kamin. Blair . Chicago Tribune .
  28. News: Koziarz. Jay. These were Chicago's 10 most important projects of the past decade. January 12, 2020. Curbed Chicago. December 13, 2019.
  29. News: Flamer. Keith. Amenity-Rich NEMA Towers Rise In Chicago And Boston. April 28, 2019. Forbes. March 28, 2019.
  30. Web site: New interior renderings of NEMA Chicago, the city's tallest rental building . 2019-01-08. Koziarz. Jay . Curbed Chicago .
  31. Web site: Water Wise and Sustainably Made . Metropolis Magazine .
  32. Web site: LEED rating system . USGBC.
  33. Web site: An illustrated guide to Chicago architecture . 2019-12-05. Blasius . Elizabeth . Chicago Curbed .