In second place in Chicago’s year-end countdown is 1000M, a 74-story residential skyscraper in South Loop. The 788-foot-tall tower is now rapidly ascending and beginning to leave its mark on the south end of the Chicago skyline. The joint project between JK Equities, Time Equities, and Oak Capitals will consist of 738 rental units located at 1000 S Michigan Avenue.
1000M. Rendering by Jahn/The developers have adjusted their plans from 506 condominium units to better suit the current residential market trends. Thanks to the $304.5 million from Goldman Sachs and Deutsche Bank, this condominium-turned-apartment transition has been able to keep pushing forward. Out of the 1000M residences, half are studios; a quarter are one-bedroom apartments; twenty percent are two-bedrooms; and the remainder are three-bedroom units. Unconventional to other rental units, the penthouses will reach floor areas as much as 3,000 square feet. The affordable housing component will feature 23 residences made up of 11 studios, six one-bedroom units, five two-bedroom apartments, and one three-bedroom unit.
Since its conception, the design of this new tower has undergone several revisions by the late architect Helmut Jahn from his firm Jahn/. The overall form is cylindrical and tapers outward as it ascends, with its base comprised of rectangular elements. The facade, meanwhile, will be a mix of glass curtainwall and metal exterior elements.
Encased within the 75,000-square-foot amenity deck are a range of common areas, such as an indoor pool and spa, outdoor pool deck, game room with virtual golf capabilities, lounge areas, fitness center, and 73rd-floor skydeck complete with bar & lounge are all included. The tower base will also house a porte-cochere attached to a garage with 325 parking spaces.
The 1000M site is closely situated near three CTA L Lines—the Green, Orange, and Red Line routes—and multiple bus lines. In addition, the Museum Campus/11th Street Metra station is just a short distance away to the east.
McHugh Construction has been appointed the general contractor, with work expected to wrap up by 2025.
Countdown Comparison Corner (Spot #2)
New York’s second-tallest construction project is PENN15, a 56-story supertall skyscraper set to rise 1,200 feet several blocks west of the Empire State Building. Vornado Realty Trust is the developer behind this 2.7-million-square-foot project, which will serve as the anchoring building in the larger 7.4-million-square-foot Penn District masterplan.
Foster + Partners has envisioned a series of protruding terraces lining the structure, while also integrating prominent structural elements that the firm is known for. With excavation currently underway, a firm timeline has not yet been revealed.