News Flash

Mills Corp starts construction of retail & CTA phases

31 Jul '06

3 min read

The Mills Corporation, a developer, owner and manager of major retail destinations around the world, began construction on the retail and CTA phases of its downtown Chicago development at 108 North State Street.

"This marks yet another milestone in making 108 North State Street one of the country's best mixed-use facilities. State Street is the perfect place for this development and the merchants that will make their homes there will add a rich complement to Chicago's vibrant downtown area," said Laurence C. Siegel, chairman and chief executive officer of The Mills Corporation.

To meet its construction schedule for the retail project, which is planned to open in fall 2008, The Mills has already purchased many long-lead-time materials, including structural steel, elevators, escalators and the glass-curtain wall system.

Construction on the first phase of the project began in November 2005, with the groundbreaking for the office tower that will house the CBS 2 Chicago Broadcast Center and the world headquarters of Morningstar, Inc. The construction of the office foundation and the concrete slabs that will support the main core of the office building are now approximately 75 percent complete. The concrete caissons are currently being drilled and the structural steel is being fabricated, with erection scheduled to begin in October of this year.

The Mills Corporation was selected as master developer for the 108 North State Street project after a highly competitive selection process. Since that time, The Mills has secured City approval of the development plan for the project, completed the purchase of the property from the City, selected and retained a world-class architectural and design team, and obtained necessary City approvals to begin construction.

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