'A civic embarrassment': With more than a decade as a hole in the ground, new plans for the Chicago Spire site

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'A civic embarrassment': With more than a decade as a hole in the ground, new plans for the Chicago Spire site
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'I hope this brings more families and residents to the neighborhood.'

Fifteen years ago, a world renowned architect planned to bring the Spire to Chicago a giant luxury condo building with sky high prices.

After more than a decade as an empty plot, construction is set to start later this year at 400 Lake Shore Drive. CBS 2's Sabrina Franza explained the new tower project Thursday.Before the great recession, in 2007 there was a groundbreaking for what was meant to be the"It's been just sitting there. A giant embarrassing hole ever since."

"They're trying to form a gateway from the lake into Streeterville and the North Michigan Avenue area," Kamin said.

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