Curbed describes the Sloop as:
The South Loop is preparing for some very big changes. Perhaps no other neighborhood made as big of a splash in the world of Chicago architecture this year, as the South Loop was the focus of multiple high-profile tower proposals. The neighborhood is getting a new arena designed by Pelli Clarke Pelli, a wild-looking museum funded by filmmaker George Lucas, a possible twin tower development designed by Rafael Viñoly and a supertall structure from Helmut Jahn. These projects are helping to boost the neighborhood's architectural profile/status, but are also going to make the area much more densely populated. Beyond rental structures, the area is also getting hundreds of new hotel rooms and heaps of new retail space. The fuse has been lit, but it's going to be another few years until some of these projects become a reality.
Vote - it's your neighborly duty!
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