60 Cranes Crowding Chicago Skyline as Building Boom Continues
60 Cranes Crowding Chicago Skyline as Building Boom Continues
The 60th tower crane of 2017 has gone up in Chicago, according to Chicago Now. This marks a 400 percent increase in the number of tower cranes operating in the city compared to 2010.
The latest crane went up to assist with construction of Renelle on the River, a condo development located at 403 N. Wabash Ave. The 18-story building will feature 50 luxury condos with price tags ranging from $1.3 million to $3 million or more.
The number of cranes operating in the city is the highest it has been since the recession, according to the report.
“It is not only a historic high. It is a sign of Chicago’s economic vitality, vibrancy, and versatility," said Mayor Rahm Emanuel, according to the report.