(To read more on the multifamily market, click here.)

CHICAGO-James McHugh Construction Co., the company that built the ground-breaking Marina City corncob-style condominiums 40 years ago, is now set to take more design chances with the 82-story Aqua building. The company was named the general contractor of the tower, which will feature condominiums, apartments, an 18-floor hotel, retail and office space.

Like Marina City, seen as one of Chicago’s most successful landmarks, the Aqua project will include a few unusual design challenges, says McHugh senior vice president Dave Alexander. The project includes a wavy concrete exterior, and will be occupied by commercial and residential tenants as the upper floors are completed.

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