Although they lack an an anchor tenant, Canadian developer Ivanhoe Cambridge and co-investor and developer Hines broke ground Tuesday on a 45-story office tower in Chicago's West Loop, the largest commercial project to rise in the city in five years.
Named River Point, the $300-million project will add 850,000 square feet to Chicago's financial district when completed in 2016. It also will add a 1.5-acre park and plaza to the city's riverfront, where the project is sited.