Joffrey Tower
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The Joffrey Tower will be the name of the high rise commercial real estate development on the northeast corner of North State Street and East Randolph Street in the Loop neighborhood of Chicago that will be the new permanent home of the Joffrey Ballet. It is located directly across the street from Macy's on State Street, the former flagship of Marshall Field's. The building was originally named the Modern Momentum Building (nicknamed the MoMo). However, the Joffrey Ballet acquired the naming rights when they purchased 45,000 square feet of space on the 3rd and 4th floors to serve as their new permanent home. The floors will include the Joffrey administrative offices plus seven state-of-the-art rehearsal studios and a black-box theatre. The building will consume the southwest quarter of the block bounded by North State Street to the west, North Wabash Street to the East, East Randolph Street to the South and East Lake Street to the North. The Modern Momentum Project will officially take the Joffrey name when the Ballet company takes possession in December 2007. The first two floors of the Joffrey Tower will house retail tenants to be named by Smithfield Properties. Floors 9 through 32 will be residential condominiums.
Supposedly, the city of Chicago held the development of this project hostage until the developer agreed to the Joffrey initiative.[1] A co-chairman of the Joffrey board of trustees is William Daley, a former Cabinet member in the Clinton administration and clout-heavy brother of Chicago's mayor, Richard M. Daley. The arts-loving mayor has revitalized the Loop in part by re-establishing a central theatre district.
The building was designed by Booth Hansen Architects. Construction started in 2005 and is expected to be completed by 2007. The height of the structure will be 409 feet or 125 meters (including spires, antennae, etc...). The official address of the building is 8 East Randolph Street.
