Related Midwest has closed a $240 million construction loan and completed the tower crane installation at One Bennett Park, a 70-story ultra-luxury residential tower located at 451 E. Grand Ave. in Chicago’s Streeterville neighborhood. Designed by internationally renowned architecture firm Robert A.M. Stern Architects, the Art Deco-style building will offer 69 condominiums and 279 apartments adjacent to a new park by Michael Van Valkenburgh Associates Inc. When complete in 2019, it will be the tallest all-residential tower in Chicago, topping out at 836 feet.
Located on floors 41 through 66, condominiums at One Bennett Park will average 3,200 square feet and offer two-, three- and four-bedroom layouts, including three full-floor penthouses with soaring 13-foot ceilings. Related Midwest is currently marketing a selection of units ranging in size from 1,737 to 7,500 square feet and priced between $1.85 million and $15 million, with first deliveries scheduled for late 2018.
One Bennett Park will also include 279 luxury apartments – also delivering in 2018 – that will comprise a mix of one- to four-bedroom floor plans.
Named after prolific Chicago architect Edward H. Bennett, co-author of the 1909 Plan of Chicago, the tower and adjacent park reflect Bennett’s vision of weaving green spaces into the urban fabric, balancing built environment with natural landscape. Designed by Michael Van Valkenburgh Associates, whose notable projects include Brooklyn Bridge Park in New York, as well as Maggie Daley Park and The 606 in Chicago, the 1.7-acre park is scheduled for completion in 2019. It will feature paved walkways, seasonal vegetation and rolling topography that divides the area into four distinct experiences: a lawn bowl for social gatherings; play bowl with activities for children and seating for adults; quiet shade grove; and dog run with separate areas for small and large breeds.
