Chicago Mayor Rahm Emanuel Announces Artist Selection for River Point Park

(CHICAGO) – River Point partners Ivanhoé Cambridge, Hines and Levy Family Partners joined Mayor Rahm Emanuel today in announcing the selection of Spanish architect, structural engineer, sculptor and painter, Santiago Calatrava, to create a unique and vibrant sculpture to be installed in the park at River Point. Fabrication of the artwork is expected to take approximately 14 months, with installation at the site anticipated in summer 2019.  Michele Quinn Fine Art advised the ownership group throughout the selection process.

Calatrava’s intention in his sculptures is for them to simply grow from the ground. Within each figure, an internal logic of autonomy delivers lyrical forms and implies a sense of elevation and spiritual uplifting. During his process, he builds basswood models to evaluate the aesthetic and structural characteristics of each work before moving to full-scale metal sculptures.

The piece to be installed at River Point, S25 (working title) is almost 30’ in height and width, and twists in an outward-reaching spiral constructed of overlapping, leaflike elements descending in scale from very large at the sculpture’s base to very small at the outer reach of the sculpture’s spiral form. When approached from any angle, the massive layered spiral reveals stunning architectural depth, overhand and movement.

“Chicago is a city of both outstanding architecture and world-renowned public art,” Mayor Emanuel said. “It is a testament to our city’s cultural vibrancy and vitality that one of the world’s foremost architects and artists chose Chicago for his latest work.”

“The partners of River Point hope Chicagoans will fall in love with the inspired Santiago Calatrava sculpture as they have with Chicago’s Picasso, Kapoor, Chagall, Miro, Plensa, Calder and so many more.,” added Larry Levy.

About Santiago Calatrava

Santiago Calatrava is well known as the architect and engineer of many unique buildings and structures including the Milwaukee Museum of Art; the Oculus in New York City; and the Peace Bridge in Calgary, Alberta, Canada. His solo exhibitions have been displayed at museums and galleries all around the world.

Calatrava’s work continues to shape and redefine the boundaries that have historically separated the visual arts, particularly sculpture, from architecture and engineering. This is evident in the artist’s broad oeuvre of works which includes ceramics, drawings, paintings, sculpture, architecture and engineering projects. These works express a unified aesthetic anchored in the artist’s continuing exploration of the relationship between the origins of creativity and the evolutionary structure of the natural world. Mr. Calatrava lives and works in Zurich, Switzerland and is represented by the Marlborough Gallery.

About River Point

River Point is a state-of-the-art, 52-story office tower located in Chicago's West Loop submarket. Designed by Pickard Chilton Architects, the project offers dramatic world-class architecture, efficient interior design and outstanding views. The 1,100,000-square-foot building provides efficient 25,000-square-foot floorplates allowing maximum space planning flexibility. First-class amenities include a 1.5-acre public park and landscaped riverwalk with extraordinary views of the Chicago River and Wacker Drive, fitness center, and building conference center.  Additional information is available at www.chicagoriverpoint.com

About Ivanhoé Cambridge

Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a long-term view to generate optimal, risk-adjusted returns. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.

Vertically integrated in Canada, Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the residential, office, retail, industrial and logistics sectors. Ivanhoé Cambridge held more than C$60 billion in assets as at December 31, 2017, and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 24 countries. Hines has approximately $111 billion of assets under management, including $60 billion for which Hines provides fiduciary investment management services, and $51 billion for which Hines provides third-party property-level services. The firm has 108 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,295 properties, totaling over 422 million square feet. The firm’s current property and asset management portfolio includes 506 properties, representing over 210 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.

About Levy Family Partners

Levy Family Partners is a family investment office that oversees a broad portfolio of public and private investments, with an emphasis on real estate, hospitality, and venture capital.

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