Show vv i PAPER TO BUILD I PLANT OVER HI HIHI RE HI 8 Story Building Will Vill WillBe WillBe Be Topped lope By Sky ky- ky Scraper Sky Scraper CHICAGO Feb By 2 By The AssocIated Press Press-A Press A move rem rem- remIniscent remIniscent rem reminiscent ot of tho the air rights develop develop- development development development ment over the New York Central tracks in New York was made hero here Tuesday with announcement that the Chicago Dally Daily News would build a modern newspaper plant over tracks leading Into Chicago's new union station It was the tho first definite step hero here for tor the use of air rl rights above aboe railroad prop prop- property property property erty for tor commercial development The site chosen for tor the News New plant Is bounded on ono one side by bythe bythe bythe the west bank ot of the Chicago river In an nn area rapidly a civic center SKYSCRAPER ABOVE The proposed building consist consist- consistIng consistIng consisting ing of at an story eight structure for tor forthe the newspapers newspaper's use topped by a setback skyscraper rising probably 16 to 18 stories higher will take up feet frontage on Canal street Preliminary sketches call calt for a 0 a terrace and promenade be- be between between be between tween the building proper and the tho river feet teet long by feet teet wide virtually forming a a park tributary to the structure ture but open to pedestrian traffic The location Is across the tho street from the Northwestern railroad near the magnificent new Union stati station n and the site select select- selected ed tor for a new postoffice and dt- dt di directly across the river from the proposed skyscraper opera house The agreement with the Chi Chi- Chicago Chicago Chi Chicago cago Union Station company pro pro- provides provides vides tor for the outright purchase of ofa ofa oa a strip ot of land on OTt which the buildings will win stand and for tor the tho leasing tor for 99 years ears of o the all air rights over the remainder ot of o the I J with option to Y MY R n 11 R Pending el electrification ot of the railroads entering the tho union sta- sta station sta station tip tion the tho smoke from locomotives under the Dally Daily News property will be taken care caro of o by smoke moke chambers built Into the plaza con con- construction construction The News Nes which has been pub pub- published at Wells and Madison streets for tor more haji BO GO years Is the sec eec second sec second ond newspaper to move out ot of o the loop proper although It still will willbe willbe willbe be within the new ad and larger loop hoop provided by recent civic Improve Improve- Improvements monts ments Several years ago the Chi Chi- Chicago Chi Chicago cago Tribune moved Into Its Gothic tower north of o the Chicago river |