(CBS) — We’ve all got our favorites, the Hancock Building, the Willis Tower, or if you prefer the Sears, but Chicago’s skyline is in the process of reaching new heights. CBS 2’s Vince Gerasole reports it could be a reflection of a healthier U.S. economy.

Chicago is growing – skyward. Take for example construction underway in front of the Merchandise Mart for the three-tower Wolf Point complex. Its highest tower at 950 feet will be the 55th tallest in the nation. When complete, it will join a community with an international reputation.

READ MORE: Local Businesses Hope For Similar Outcome Of Shoppers For Small Business Saturday

“They are simply designed, practically designed,” said Charles Rio from Melbourne, Australia.

Next summer, construction begins on the 93 story Vista Tower which, will be the 14th tallest in the nation.

“They blend together with glass and history and are connected to each other,” said Houston resident Daniel Howard.

READ MORE: Chicago Weather: Breezy With A Little More Sunshine

“Although not all the tallest building in the world are being built here few are being done without some Chicago expertise,” said Anthony Wood of the Council on Tall Buildings.

But here at home more tall towers are being proposed. Near the southwest corner of Grant Park famed architect Helmut Hahn has designed an 86 story tower that would be the city’s sixth tallest. Next door on Roosevelt Road, a 76 story tower is on the drawing board.

Wood says the financing often comes from struggling foreign markets.

“People with money in China and the Middle East are wanting to invest their money in stable environments,” Wood said.

MORE NEWS: Chicago Police Alert Residents Of Recent Robberies In McKinley Park

Many of these new towers being proposed would contain a considerable number of condominium units attracting well healed international residents, and that comes with a warning from Antony Wood. They most likely would not be full time Chicago residents, and to thrive a city needs to be house people who call it home, no matter how tall the tower.