Foundation work is now underway for a 30-story mixed-use high rise at 1400 S Wabash Avenue in South Loop. The developer CMK Companies plans for 299 total units atop ground-level retail. Replacing a long-vacant lot, the 316-foot-tall structure is poised to contribute to South Loop’s expanding high rise cluster.
Floorplans will range from studios to three-bedroom residences. Plans also show a variety of common amenity spaces such as a top-floor lounge and an attached rooftop deck. The construction will also come with a new micro-park at the north end of the property. With the retail units along Wabash Avenue, the lobby itself will be accessible from a new motor court between the park and the building. Also accessible from the motor court will be the entrance to the integrated parking garage, which will accommodate 105 parking spaces and a bike room for 180 bikes.
Pappageorge Haymes’ design is made up of a glass curtain wall facade encased in an interlocking rectangle pattern with metal panel borders. Some of these rectangles will either protrude or recess, thereby creating an added sense of texture.
Bus options in close proximity include Routes 1, 3, 4, 12, 18, 29, 62, 146, and 192. Closest access to the CTA L can be found via Roosevelt station via six-minute walk north, with service for the Red, Green, and Orange Lines. The property is also just two blocks west of Grant Park, with direct access to both the lakefront and Museum Campus.
Priced at a reported $100 million, the new construction is being carried out by Lendlease as the general contractor. All needed permits have been issued, including the tower crane permit, and a full completion is expected for 2023.