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OTIS ELEVATOR COMPANY
Editorial Item
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Otis awarded sixth tower in premier Chicago development
Tuesday 12th June 2007
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| Otis has been selected for six of the seven high-rise towers under construction as part of Chicago’s premier Lakeshore East community, a 28-acre, $4 billion mixed-use development. | Otis Elevator Company, a unit of United Technologies Corp. (NYSE:UTX), won an $11 million order for Aqua, the latest high-rise tower under construction as part of Chicago’s premier Lakeshore East community.
“We have selected Otis as our primary elevator supplier, because of the quality of the Otis product and the responsiveness of its people,” said James Loewenberg, co-chief executive officer, Magellan Development Group, developer for the project. “Through our longstanding relationship, we have worked together to overcome any challenges that have arisen in the new construction and service sides of the business.”
When completed, the 28-acre, $4 billion Lakeshore East will consist of 16 high-rise residential buildings, 4,900 residences, 2.2 million square feet of commercial space, 1,500 hotel rooms, a 6-acre public park and an elementary school.
Otis has been selected for six of the seven towers that have been completed or are under construction in the development. In this latest award, Otis will provide high-speed, gearless elevators for the 82-story Aqua, which will be Chicago’s first high-rise building designed to combine condominiums, luxury rental apartments, hotel suites and retail space.
“Lakeshore East is one of the most highly acclaimed developments in Chicago this decade,” said Otis President Ari Bousbib. “Otis is proud that Magellan Development Group LLC has selected Otis as the elevator supplier of choice for this ambitious and visionary mixed-use development.”
Previously, Otis equipment was selected for the 62-story 340 On The Park residence tower; the Tides, a 51-story facility of apartments, garage and retail space; the Chandler, a 35-story condominium containing 304 residences; the 46-story Shoreham, the first luxury residential tower completed at Lakeshore East; and the Regatta, a 44-story residential building.
Otis Elevator Company is the world's largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways. With headquarters in Farmington, Connecticut, Otis employs 61,000 people, offers products and services in more than 200 countries and territories and maintains 1.5 million elevators and escalators worldwide. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high-technology products and services to the building and aerospace industries. |
Source: Selector.com. - Tuesday 12th June 2007
Information correct at the time of publication. If you are interested in this product please use the following links.
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