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Foundation Permit Issued For Wolf Point East

A rendering of the riverfront at Wolf Point East

The Wolf Point JV of Hines Interests and Chris Kennedy have been bullish on building luxury apartments on Wolf Point. Construction on the $360M project is set to begin after the city Buildings Department issued a construction permit for the development. The success of Wolf Point West led the JV to call an audible and switch from making Wolf Point East a mix of apartments and offices to strictly apartments.

The first part of construction covers building Wolf Point East's foundation and six levels of below-ground parking, and is estimated to cost $60M. The tower was originally zoned to rise 750 feet and contain 707 units. It will now top out at 660 feet and include 698 units. There will be a small amount of retail, about 3K SF, and a landscaped public riverwalk will be extended, connecting Wolf Point West and East.

The Hines-Kennedy JV will likely add density to the development's third phase, Wolf Point South. Another feature of the project is a traffic lane on Orleans, between Kinzie Street and Wolf Point, that will provide easier access to expressways.