Curtain wall glazing has begun installation for the 73-story 1000M apartment tower at 1000 S Michigan Avenue in South Loop. Developer trio JK Equities, Time Equities, and Oak Capitals have planned for a total of 738 rental units in this most recent iteration, which will stand 788 feet upon its completion.
To better match market conditions after a construction hiatus the developers had converted the plans from what was previously an 832-foot-tall condominium skyscraper with 506 for-sale units. As part of the re-scoped plans, the developers were able to secure a $304.5 million loan from Goldman Sachs and Deutsche Bank.
Roughly half of the residences at 1000M will be studios, a quarter will be one-bedrooms, a fifth will be two-bedrooms, and the remaining units will be three-bedroom units. Penthouse offerings will reach sizes up to 3,000 square feet. There will also be 23 on-site affordable residences, comprised of 11 studios, six one-bedrooms, five two-bedrooms, and one three-bedroom.
The late architect Helmut Jahn of the firm Jahn is behind the design, whose crown and outer exterior have only changed slightly from the previous version. The rounded tower emerges from a rectangular base and tapers outward as it rises, resulting in a design that will claim a prominent spot on the emerging South Loop skyline.
The interior programming will also include 75,000 square feet of amenity spaces, including an indoor pool and spa, an outdoor pool deck, a game room, various indoor lounges, virtual golf, a fitness center, and more. The 73rd floor of the building will also provide a bar and lounge.
Parking will include 325 spaces housed within a podium garage, accessible via a porte cochere that runs through the center of the tower base.
The 1000M site resides within close proximity of several bus routes and the CTA L Green, Orange, and Red Lines. Metra access is also available at Museum Campus/11th Street station.
McHugh Construction is serving as general contractor behind the project, with a full opening date targeted for 2025.