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Another thread from me about a project south of the border...
Chicago's version of Metropolis, or an urban version of Vaughan Mills, or a transit-friendly development, depending on how you look at it...
Link to Mills Corp press release
Press Release        Source: The Mills Corporation
The Mills Corporation Breaks Ground on 108 N. State Street Project
Tuesday November 15, 12:00 pm ET
Mayor Daley, CBS 2 Chicago and Chicago Transit Authority Join The Mills in Celebrating Major Project Milestone
ARLINGTON, Va.--(BUSINESS WIRE)--Nov. 15, 2005---The Mills Corporation (NYSE:MLS - News), a developer, owner and manager of a diversified global portfolio of retail destinations, today broke ground on the much-anticipated 108 North State Street project, an urban mixed-use destination, located in the heart of Chicago's Loop.
The complex will feature retail, entertainment and dining offerings; a state-of-the-art CTA transit station providing service to and from Chicago's O'Hare and Midway airports; office space; a luxury hotel and residential units.
"This is a great day for all the residents of the city of Chicago. We're beginning construction of a one-of-a-kind retail, residential, entertainment and transportation center that will make downtown Chicago even more attractive and enjoyable than it is today. And this new project isn't just about downtown. It will benefit every neighborhood, by providing 2,700 jobs for the hard-working people of our city - on top of hundreds of construction jobs," said Mayor Richard M. Daley.
"By entering the construction phase of this project, The Mills has accomplished what no other developer has been able to achieve with this site," said Laurence C. Siegel, chairman and chief executive officer of The Mills Corporation. "We look forward to transforming this high profile, long-vacant land parcel into a vibrant new destination that will create tremendous value for our investors, the City of Chicago and visitors to 108 North State Street and the Loop."
To date, The Mills has received commitments from several retail tenants for 108 N. State Street, including CBS 2 Chicago Broadcast Center, Boggi Milano, Sisley, Andrew's Ties, Banana Republic, Rosa Mexicano, David Barton Gym and new concepts by Steve Lombardo, creator of Gibsons Steakhouse and Hugo's Frog Bar, and Steven Foster, creator of Lucky Strike Lanes in Hollywood. In addition, a CTA transit station will also be a part of 108 North State Street.
As part of the groundbreaking ceremony, The Mills also unveiled the latest architectural designs of the project. The designs feature transparent corners of the project's facade that will pull visitors into the space, and each corner will feature a different component to surprise and delight visitors, whether with the CBS studio, restaurants, or dynamic retail options. Crystal-clear street-level glass panes will create a seamless experience between the building's interior and exterior.
The Mills has assembled a team of world-class architectural designers and artists for the design of 108 N. State Street. The team includes: Gensler, Perkins + Will, Rockwell Group and James Carpenter, an artist known for developing new and emerging glass and material technologies.
"I'm excited for the city and for what this project and our new Broadcast Center will mean for this block," said Joe Ahern, President and General Manager of CBS 2 Chicago. "And, I'm even more excited for our viewers who will experience something fresh and dynamic each day when they turn to CBS 2."
"Today's groundbreaking is significant for the CTA both for the state-of-the-art transit station that will provide convenient airport service for our customers, but also for the partnership with the City of Chicago and The Mills that made it possible to leverage our resources for an extraordinarily important infrastructure improvement that provides a critical rail link for our entire system," said Frank Kruesi, president of Chicago Transit Authority.
The Mills completed the purchase of the land parcel at 108 North State Street from the City of Chicago on November 11. The CBS 2 Chicago studio and office tower are expected to be completed by late 2007, and the retail, dining and entertainment component is estimated to be completed by Spring 2008.
About 108 North State Street
Located in the heart of the City of Chicago, 108 North State Street will be an urban mixed-use destination. The new Chicago icon will feature approximately 400,000 square feet of gross building area (GBA) of retail, entertainment and dining offerings and a state-of-the-art CTA transit station providing service to and from Chicago's O'Hare and Midway airports; 200,000 to 450,000 square feet of office space; a 200- to 300-room hotel; a 200- to 300-unit residential tower.
About The Mills Corporation
The Mills Corporation, based in Arlington, Virginia, is a developer, owner and manager of a diversified global portfolio of retail destinations including regional shopping malls, market dominant retail and entertainment centers, and international retail and leisure centers. It currently owns 42 properties in the U.S., Canada and Europe, totaling 51 million square feet. In addition, The Mills has various projects in development, redevelopment or under construction around the world. Its portfolio of real estate properties generated more than $8.7 billion in retail sales in 2004. The Mills is traded on the New York Stock Exchange under the ticker: MLS. For more information, visit the company's website at www.themills.com.
Chicago's version of Metropolis, or an urban version of Vaughan Mills, or a transit-friendly development, depending on how you look at it...
Link to Mills Corp press release
Press Release        Source: The Mills Corporation
The Mills Corporation Breaks Ground on 108 N. State Street Project
Tuesday November 15, 12:00 pm ET
Mayor Daley, CBS 2 Chicago and Chicago Transit Authority Join The Mills in Celebrating Major Project Milestone
ARLINGTON, Va.--(BUSINESS WIRE)--Nov. 15, 2005---The Mills Corporation (NYSE:MLS - News), a developer, owner and manager of a diversified global portfolio of retail destinations, today broke ground on the much-anticipated 108 North State Street project, an urban mixed-use destination, located in the heart of Chicago's Loop.
The complex will feature retail, entertainment and dining offerings; a state-of-the-art CTA transit station providing service to and from Chicago's O'Hare and Midway airports; office space; a luxury hotel and residential units.
"This is a great day for all the residents of the city of Chicago. We're beginning construction of a one-of-a-kind retail, residential, entertainment and transportation center that will make downtown Chicago even more attractive and enjoyable than it is today. And this new project isn't just about downtown. It will benefit every neighborhood, by providing 2,700 jobs for the hard-working people of our city - on top of hundreds of construction jobs," said Mayor Richard M. Daley.
"By entering the construction phase of this project, The Mills has accomplished what no other developer has been able to achieve with this site," said Laurence C. Siegel, chairman and chief executive officer of The Mills Corporation. "We look forward to transforming this high profile, long-vacant land parcel into a vibrant new destination that will create tremendous value for our investors, the City of Chicago and visitors to 108 North State Street and the Loop."
To date, The Mills has received commitments from several retail tenants for 108 N. State Street, including CBS 2 Chicago Broadcast Center, Boggi Milano, Sisley, Andrew's Ties, Banana Republic, Rosa Mexicano, David Barton Gym and new concepts by Steve Lombardo, creator of Gibsons Steakhouse and Hugo's Frog Bar, and Steven Foster, creator of Lucky Strike Lanes in Hollywood. In addition, a CTA transit station will also be a part of 108 North State Street.
As part of the groundbreaking ceremony, The Mills also unveiled the latest architectural designs of the project. The designs feature transparent corners of the project's facade that will pull visitors into the space, and each corner will feature a different component to surprise and delight visitors, whether with the CBS studio, restaurants, or dynamic retail options. Crystal-clear street-level glass panes will create a seamless experience between the building's interior and exterior.
The Mills has assembled a team of world-class architectural designers and artists for the design of 108 N. State Street. The team includes: Gensler, Perkins + Will, Rockwell Group and James Carpenter, an artist known for developing new and emerging glass and material technologies.
"I'm excited for the city and for what this project and our new Broadcast Center will mean for this block," said Joe Ahern, President and General Manager of CBS 2 Chicago. "And, I'm even more excited for our viewers who will experience something fresh and dynamic each day when they turn to CBS 2."
"Today's groundbreaking is significant for the CTA both for the state-of-the-art transit station that will provide convenient airport service for our customers, but also for the partnership with the City of Chicago and The Mills that made it possible to leverage our resources for an extraordinarily important infrastructure improvement that provides a critical rail link for our entire system," said Frank Kruesi, president of Chicago Transit Authority.
The Mills completed the purchase of the land parcel at 108 North State Street from the City of Chicago on November 11. The CBS 2 Chicago studio and office tower are expected to be completed by late 2007, and the retail, dining and entertainment component is estimated to be completed by Spring 2008.
About 108 North State Street
Located in the heart of the City of Chicago, 108 North State Street will be an urban mixed-use destination. The new Chicago icon will feature approximately 400,000 square feet of gross building area (GBA) of retail, entertainment and dining offerings and a state-of-the-art CTA transit station providing service to and from Chicago's O'Hare and Midway airports; 200,000 to 450,000 square feet of office space; a 200- to 300-room hotel; a 200- to 300-unit residential tower.
About The Mills Corporation
The Mills Corporation, based in Arlington, Virginia, is a developer, owner and manager of a diversified global portfolio of retail destinations including regional shopping malls, market dominant retail and entertainment centers, and international retail and leisure centers. It currently owns 42 properties in the U.S., Canada and Europe, totaling 51 million square feet. In addition, The Mills has various projects in development, redevelopment or under construction around the world. Its portfolio of real estate properties generated more than $8.7 billion in retail sales in 2004. The Mills is traded on the New York Stock Exchange under the ticker: MLS. For more information, visit the company's website at www.themills.com.
