Wang Jianlin, China’s richest man and head of the Beijing-based Dalian Wanda Group, plans to build Chicago’s third-tallest skyscraper. Casual.
The proposed building would follow Chicago’s Willis (ahem, Sears) Tower and the Trump International Hotel & Tower in terms of height, according to Los Angeles Times:
Wanda, China’s largest commercial property company and cinema operator, said it would take a 90% stake in a planned 89-story skyscraper along the Chicago River.
The tower, which would include a hotel and luxury apartments, is set for completion in 2018, the company said in a statement.
“Investing in Chicago property is just Wanda’s first move into the U.S. real estate market,” Wang, who is chairman of Wanda Group, said in the statement. “Within a year, Wanda will invest in more five-star hotel projects in major U.S. cities like New York, Los Angeles and San Francisco.”
And that’s just the beginning. Let’s not forget about Wanda’s plans to build a new China’s very own Hollywood in Qingdao by 2017. Watch out world, here comes Wang.
By Aliaume Leroy