China’s Wanda Group to build 88-story building in Chicago

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Beijing-based Wanda Group and Magellan Development Group signed an architect agreement for the development of the $900 million Wanda Vista project in Chicago.

The companies will build an 88-story mixed-use hotel, condominium and retail building at Lakeshore East on Upper Wacker Drive.

The building will house a 5-star hotel with approximately 250 hotel rooms, 390 condominiums, and approximately 9,000 square feet of retail space. Chicago-based architect Jeanne Gang of Studio Gang Architects designed the building.

Construction is expected to begin in 2016. The project will create more than 2,000 construction jobs and more than 500 permanent jobs.

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