Construction has is nearing the 40-floor mark for 300 N Michigan Avenue, a 47-story mixed-use skyscraper located at the corner of Michigan & Wacker in The Loop. Co-developed by Sterling Bay and Magellan Development Group, the 523-foot-tall tower will provide a combination of retail, hotel, and apartment programming. The first three floors will comprise of the 25,000-square-foot retail portion, while a 280-room citizenM hotel will occupy floors six through 15. The majority of the tower will be occupied by the residential section, with 289 units spanning floors 17 through 45.
Hotel amenities will occupy the fourth floor, while a shared fitness center will serve residents and guests on the sixth floor. The 46th floor will house a resident-exclusive amenity deck with prominent city, park, and lake views.
Designed by bKL Architecture, the glassy edifice will involve a series of pronounced V-shaped trusses enveloping the fourth and fifth floors. These elements provide the support for an expansive outdoor amenity deck, while harkening to the structural expressionist style that can be found throughout Chicago. The exterior will also utilize a Vision glass curtain wall with varying patterns depending on the inner programming.
The project will provide a total of 22 vehicle spaces and 48 bike storage spaces. Despite the relatively few spaces, residents, guests, and staff will have access to a host of nearby bus and CTA L options. The adjacent intersection of Michigan & South Water will provide bus access to Routes 3, 6, 20, 26, 66, 124, 143, 146, 147, 148, 151, 157, 850, 851, and 855. Other bus lines within a five-minute walking distance include Routes 2, 4, 10, 29, 36, 60, 62, 120, and 121. All CTA L lines are also closely accessible, with the nearest service for the Brown, Green, Orange, Pink, and Purple Lines via a five-minute walk southwest to State/Lake station. Slightly further are the additional Lake station for the Red Line and Washington station for the Blue Line.
Residents and guests will also have quick access to some of Chicago’s most popular points of interest. Directly to the southeast is the expansive Grant Park and lakefront trail, while both the Riverwalk and Magnificent Mile shopping corridor are just to the north.
Since May’s update, roughly a dozen floors have been added, along with extensive glass installation now reaching the 14th floor. With a construction price tag of roughly $175 million, Linn-Mathes Inc is serving as the general contractor. A full completion and opening are expected for next year.