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About Mandarin Oriental Tower
The Mandarin Oriental Tower in Chicago will be a 74-story 930 foot (283 m) mixed use building targeted to be the ninth tallest building in Chicago upon its completion, assuming Waterview Tower is completed first (currently under construction). Mandarin Oriental Hotel Group, which does not have an equity stake in the project, is lending its name to the development and management of the hotel. This mixed-use building will offer 5-star 250 hotel condominium guest rooms in the Mandarin Oriental hotel (floors 28-40), 100 resident units (floors 41-54), and 150 tower condominiums (floors 55-74). All 500 units will be offered for sale. Located on the first 28 floors will be high-tech business and conference facilities, two ballrooms, two restaurants, boutique shops, valet parking, and a 32,000 square-foot (3,000 square meter) health club and spa. On February 18, 2009, a report in Crain's Chicago Business stated that a New York-based lender had filed a foreclosure suit against the developer, that the sale's center was closed and building units were no longer being marketed through the Multiple Listing Service. The project is no longer listed on the developer's website.