The architectural firm Solomon Cordwell Buenz designed the tower and it was built by Magellan Development.
The structural engineering firm Magnusson Klemencic Associates designed the building using prestressed concrete in order increase the floor-to-ceiling heights.
The tower's design also allows for nearby buildings to maintain some views of the park.
340 on the Park was the first residential tower in the Midwestern United States to achieve Silver LEED certification for its "green" design,[4] including a large winter garden for residents.
Additional benefits include a connection to the Chicago Pedway system, low-flow water fixtures for both residential and public spaces, and energy-efficient fixtures such as lights and mechanical equipment.