This week, YIMBY stopped by the rising core at 1000M, currently Chicago’s fourth tallest construction project. Located at 1000 S Michigan Avenue just across from Grant Park, this 788-foot-tall, 73-story residential tower is set to house a total of 738 rental units. The developer trio of JK Equities, Time Equities, and Oak Capitals had originally planned 506 condominiums, but ultimately pivoted due to the city’s booming apartment market. The skyscraper resumed construction following a nearly two-year hiatus and a $304.5 million loan from Goldman Sachs and Deutsche Bank.
The design by the late Helmut Jahn is made up of a rounded tower atop a rectangular podium. This tower tapers outward, so that floor plates near the top will actually be larger than those near the base. This massing is clad with a glass curtain wall that will offer residents floor-to-ceiling windows. Select units will also come with recessed balconies on the north- and south-facing sides.
Half of the residences will be studios, while the remaining distribution includes 194 one-bedrooms, 148 two-bedrooms, and 28 three-bedrooms. Of this mix, the on-site affordable units under the Affordable Requirements Ordinance will consist of 11 studios, six one-bedrooms, five two-bedrooms, and one three-bedroom. Residences will be segmented into four tiers, lettered from “A” to “D.” The upper “D” tier units will house the penthouse apartments, which will span up to 3,000 square feet.
Beyond the main residential programming, 1000M will be inundated with over 75,000 square feet of amenities. These spaces include a sprawling outdoor pool deck with cabanas and cookout stations, an indoor pool and spa, a virtual golf room, a kids’ room, a gaming room, multiple lounges, and a 73rd-floor bar.
Other features distributed throughout the podium include a porte cochere, a large lobby connecting to both the porte cochere and Michigan Avenue, a secure package room, as well as a dog spa.
Closest transit options comprise of bus Routes 1, 3, 4, 12, 18, 29, 146, and 192 all within a five-minute walking radius. The CTA L also offers service for Green, Orange, and Red Line trains at Roosevelt station via a five-minute walk southwest. The Metra is also within close walking distance, with its Museum Campus/11th St. station via a four-minute walk southeast.
McHugh Construction is serving as general contractor, with move-ins expected for early 2025.