About 400 North Lake Shore Drive
The Chicago Spire is a skyscraper that was under construction in the U.S. city of Chicago, Illinois. The building was designed by Spanish architect Santiago Calatrava and is being developed by Garrett Kelleher of Shelbourne Development Group, Inc. If completed, at 2,000 feet (610 m) and with 150 floors, it will be among the world's tallest buildings and freestanding structures. Originally announced in May 2005 by Christopher T. Carley of the Fordham Company, the project was supported by many Chicagoans and city officials. After several months of development in 2005, Carley failed to acquire necessary financing and the project was taken over by Garrett Kelleher of the Shelbourne Development Group in 2006. Since that time, three major revisions were made to the design and the renamed project gained city approval. But following the start of the late-2000s recession, and its impact on the primary lender for the project, construction was suspended at the site. Amid several unsuccessful attempts with labor union investment funds to bail out the project, Shelbourne Development continues its attempt to secure additional financing and restart construction.