The full construction permit has now been granted for the residential development at 1723 S Michigan Avenue in South Loop, moving the project beyond its initial foundation approval. Owned by 1725 S. Michigan Development Corporation, the development will feature a 13-story building with 149 residential units and a parking garage offering 98 spaces.
Replacing the current single-story masonry structure—formerly occupied by City Club Gymnastics, which has relocated across the street—the project has tapped Gensler as the architect. Architectural renderings and blueprints have not been disclosed.
Access to public transportation is a notable feature of the development’s location. Bus Routes 1, 3, and 4 are just a minute’s walk away at Michigan & 18th Street, while Routes 29 and 62 can be accessed at State & 18th, a five-minute walk to the west. Several CTA rail options are within a 15-minute walk, including the Green Line at Cermak-McCormick Station, the Red Line at Cermak-Chinatown Station, and the Red, Orange, and Green Lines at Roosevelt Station. The Metra can be accessed at the 18th St Station, just a seven-minute walk to the east.
Brandts Build LLC will oversee the project’s general contracting in coordination with other contractors, including McHugh Concrete Construction, Norman Mechanical, and Vader National Electric LLC. The latest permit issued stipulates a budget of $25.68 million, a considerable leap from the $7.5 million allocated for the preliminary construction permit. While the project’s completion date remains unspecified, it could reasonably be expected to open between late 2024 and early 2025 based on comparable construction timelines.