A preliminary construction permit has been issued for a major new residential project located at 1723 S Michigan Avenue in South Loop. The development will comprise a new 13-story building with a total of 149 residential apartment units and 98 parking spaces. The project’s ownership lies with the 1725 S Michigan Development Corporation.
1723 S Michigan Avenue via Google Maps
The new development will replace an existing single-story masonry structure on the site, whose tenant City Club Gymnastics is relocating across the street, according to an Instagram post by @mrsouthloop.
The project architect is Gensler. As of now, specific architectural details or visuals have not been made available.
In close proximity are several bus routes, including Routes 1, 3, and 4 all within a one-minute walk south to Michigan & 18th Street. Additional service includes Routes 29 and 62 at State & 18th, a five-minute walk west. Within a 15-minute walk, CTA rail service includes the Green Line at Cermak-McCormick Station, the Red Line at Cermak-Chinatown Station, and the Red, Orange, and Green Lines at Roosevelt Station. Those looking to board the Metra will find service at 18th St Station, a seven-minute walk east.
The general contracting work will be managed by Brandts Build LLC. The reported cost amounts to $7.5 million for this initial permit, which involves the foundation and partial superstructure. Currently, an anticipated completion date has not been specified, though based on similar construction timelines, a reasonable opening estimate could fall between late 2024 or early 2025.
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I was hoping this building would replace that parking lot. South Loop has far too many parking lots which makes it feel more like other Midwest city downtowns like Indianapolis or St Louis.
Also, a >50% parking ratio in this transit rich area is a non-starter. Drip-by-drip, this is how a transit system dies.
Well said. I’d like to build on your insightful comment and add that the convention center adds to the general ambiance of the Midwest downtown neighborhood; I’m just disappointed that the casino isn’t being built there, Lightfoot killed the vibe.
What transit system?
Does this include any of the adjacent parking lots?
Add couple more floors, reduce the parking spaces. No need for that amount of spots with the L that close.
I just moved in! I’m sad that I’ll already be losing my view from 1720 S Michigan. :'(
And I agree with not needing parking since transit is already great in the area!
Bye beautiful view of the lake! O wait, glad my landlord raised rent by 850$ forcing me to move out Sep 1st. This demolition is already taking ages, and seeing scabby the rat makes it even more shady.